12040 SW 216 ST, Palmetto Bay, FL 33170

12040 SW 216 ST, Palmetto Bay, FL 33170 is a 2-bedroom, 2-bathroom residential - single family : 1 unit built in 1955 with 1,270 square feet of living space on a 14,279 square foot lot. The property is currently owned by HERNAN VALDEZ NELLY DELGADO RIOS, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2020-01-09 for $49,400, when HERNAN VALDEZ JR sold to HERNAN VALDEZ. The property sold for $120,500 less than the prior sale of $169,900 on 2005-04-01. There are 3 recorded sales for this property.

The 2025 assessed value is $243,635 with a market value of $464,131. This breaks down to $326,685 for the land and $137,446 for the building. The assessed value increased 3% from $236,769 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 $80,306, and the median home value is $499,700. The population density is 1,254 people per square mile. 12040 SW 216 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 2005 to 2020, with 3 recorded transactions in the public record. The current assessed value represents 493% 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 $39 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..