12240 SW 218 ST, Palmetto Bay, FL 33170

12240 SW 218 ST, Palmetto Bay, FL 33170 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1944 with 775 square feet of living space on a 7,050 square foot lot. The property is currently owned by VICTOR PEREZ RODRIGUEZ, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2024-07-18 for $230,000. There are 4 recorded sales for this property. The 2025 assessed value is $304,093 with a market value of $304,093.

This breaks down to $211,500 for the land and $92,593 for the building. The assessed value increased 170% from $112,455 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 $80,306, and the median home value is $499,700. The population density is 1,254 people per square mile.

There are active mortgage liens totaling $225,312 recorded against this property. 12240 SW 218 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 2018 to 2024, with 4 recorded transactions in the public record. The current assessed value represents 132% 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 $297 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..