22601 SW 197 AVE, Palmetto Bay, FL 33170

22601 SW 197 AVE, Palmetto Bay, FL 33170 is a 3-bedroom, 2-bathroom impr agri : residential - single family built in 1996 with 5,539 square feet of living space on a 204,732 square foot lot. The property is currently owned by IV 194 AVENUE LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2020-09-11 for $3,500,000, when RODGER WILSON sold to IV 194 AVENUE LLC. The property has appreciated $3,499,900 (3499900%) since the prior sale of $100 on 2010-04-19. There are 3 recorded sales for this property.

The 2025 assessed value is $447,701 with a market value of $1,112,811. This breaks down to $705,000 for the land and $407,811 for the building. The assessed value decreased 1% from $451,023 in 2024.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. The median household income in this area is $107,073, and the median home value is $457,700.

The population density is 6 people per square mile. There are active mortgage liens totaling $4,000,000 recorded against this property. 22601 SW 197 AVE, Palmetto Bay, FL 33170 is located in Palmetto Bay, Florida.

Property records, tax assessments, sales history, and ownership information for this Palmetto Bay property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2001 to 2020, with 3 recorded transactions in the public record. The current assessed value represents 13% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $632 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..