20891 SW 224 ST, Palmetto Bay, FL 33170

20891 SW 224 ST, Palmetto Bay, FL 33170 is a 3-bedroom, 2-bathroom impr agri - not homesites : mixed use - agricultural built in 1974 with 1,457 square feet of living space on a 435,600 square foot lot. The property is currently owned by ORELLANAS 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 2023-12-12 for $1,600,000. There are 4 recorded sales for this property. The 2025 assessed value is $191,795 with a market value of $1,052,470.

This breaks down to $900,000 for the land and $152,470 for the building. The assessed value decreased 1% from $193,436 in 2024. This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential.

Flood insurance is typically required. 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 $324,421 recorded against this property. 20891 SW 224 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 2010 to 2023, with 4 recorded transactions in the public record. The current assessed value represents 12% 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 $1098 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..