19950 SW 228 ST, Palmetto Bay, FL 33170

19950 SW 228 ST, Palmetto Bay, FL 33170 is a 3-bedroom, 1-bathroom residential - single family : 1 unit built in 2002 with 4,440 square feet of living space on a 217,800 square foot lot. The property is currently owned by WILMINGTON SAVINGS FUND C/O SELECT PORTFOLIO, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2025-09-16 for $203,500. There are 5 recorded sales for this property. The 2025 assessed value is $1,726,004 with a market value of $1,726,004.

This breaks down to $700,000 for the land and $1,026,004 for the building. The assessed value decreased 1% from $1,737,411 in 2024. The property has the following tax exemptions: homestead.

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 $1,730,837 recorded against this property. This property currently has 1 open code violation on record with miami_dade code enforcement.

Open violations can affect property value and may need to be resolved before a sale can close. 19950 SW 228 ST, 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 2021 to 2025, with 5 recorded transactions in the public record. The current assessed value represents 848% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal.

Based on the most recent sale, this property traded at $46 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..