11851 SW 220 ST, Palmetto Bay, FL 33170
Parcel: 3069130020120 · Multifamily 2-9 Units · Multifamily 3 Or More Units · Zoning: 3160
Assessed Value (2025)
$709,466
Property Details
Beds
5
Baths
4
Living Sqft
4,195
Year Built
2022
Lot Sqft
6,300
Stories
2
MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS
Sales History
1
$100non-market transfer
2020-05-29
JESSIE LATHAN → TRAVIS VAUGHN
2
$100non-market transfer
2020-09-18
TRAVIS VAUGHN → JEESIE LATHAN
3
$55,000
2021-03-09
JEESIE LATHAN → IRE HOMES LLC
Tax Assessment History
$709,466
Assessed (2025)
$709,466
Market Value
$709,466
Taxable Value
$14,444
Annual Tax
2024
$714,821
2025
$709,466
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $709,466 | $709,466 | $709,466 | $14,444 | $176,400 | $533,066 |
| 2024 | $714,821 | $714,821 | $714,821 | $14,553 | $176,400 | $538,421 |
About 11851 SW 220 ST, Palmetto Bay, FL 33170
11851 SW 220 ST, Palmetto Bay, FL 33170 is a 5-bedroom, 4-bathroom multifamily 2-9 units : multifamily 3 or more units built in 2022 with 4,195 square feet of living space on a 6,300 square foot lot. The property is currently owned by IRE HOMES 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 2021-03-09 for $55,000, when JEESIE LATHAN sold to IRE HOMES LLC. The property has appreciated $54,900 (54900%) since the prior sale of $100 on 2020-09-18. There are 3 recorded sales for this property.
The 2025 assessed value is $709,466 with a market value of $709,466. This breaks down to $176,400 for the land and $533,066 for the building. The assessed value decreased 1% from $714,821 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 $42,718, and the median home value is $319,200.
The population density is 5,016 people per square mile. There are active mortgage liens totaling $677,768 recorded against this property. There are 1 total code violations on record for this property, including 1 that have been resolved.
11851 SW 220 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 2020 to 2021, with 3 recorded transactions in the public record.
The current assessed value represents 1290% 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 $13 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..
Building Permits (1)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2024020157 | electrical | F | — |
Code Violations
200101007003 lien
Junk/Trash/Overgrowth on Unimproved/Improved Prop
2001-09-26
Current Owner
IRE HOMES LLC
14200 SW 286 ST, HOMESTEAD, FL, 33033
Since: 2026-03-29
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$4,656 — $7,894
Flood $400 — $800
Property/Wind $4,256 — $7,094
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$42,718
Median Home Value$319,200
Pop. Density5,016/sq mi
Neighborhood 11851
100%
Owner-Occ
0%
Investor
3
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
32
Mortgages
ACTIVE
$705,000
VISIO FINANCIAL SERVICES INC · 2022-12-19
1 satisfied mortgage
SATISFIED 2021-06-07
$247,500
REORG LLC
Est. Total Balance $677,768
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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