12041 SW 216 ST, Palmetto Bay, FL 33170

12041 SW 216 ST, Palmetto Bay, FL 33170 is a 4-bedroom, 4-bathroom multifamily 2-9 units : 2 living units built in 2019 with 2,496 square feet of living space on a 16,100 square foot lot. The property is currently owned by ELITE CONSTRUCTION & DEV INC, 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 2002-06-01 for $18,000. The 2025 assessed value is $548,333 with a market value of $775,480. This breaks down to $354,000 for the land and $421,480 for the building.

The assessed value increased 10% from $498,485 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 $44,021, and the median home value is $345,900. The population density is 8,399 people per square mile. 12041 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 current assessed value represents 3046% 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 $7 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..