12305 SW 224 ST, Palmetto Bay, FL 33170
Parcel: 3069130040020 · Vacant Land - Commercial · Vacant Land · Zoning: 6100
Assessed Value (2025)
$74,231
Sales History
1
$1,000,000
2001-12-01
Tax Assessment History
$74,231
Assessed (2025)
$190,470
Market Value
$74,231
Taxable Value
$1,511
Annual Tax
2024
$67,483
$158,725
2025
$74,231
$190,470
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $74,231 | $190,470 | $74,231 | $1,511 | $190,470 | $0 |
| 2024 | $67,483 | $158,725 | $67,483 | $1,374 | $158,725 | $0 |
About 12305 SW 224 ST, Palmetto Bay, FL 33170
12305 SW 224 ST, Palmetto Bay, FL 33170 is a property. The property is currently owned by FMV FAMILY LIMITED PARTNERSHIP, 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 2001-12-01 for $1,000,000. The 2025 assessed value is $74,231 with a market value of $190,470. The assessed value increased 10% from $67,483 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. 12305 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 current assessed value represents 7% 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..
Current Owner
FMV FAMILY LIMITED PARTNERSHIP
22400 OLD DIXIE HWY #2 FLOOR, MIAMI, FL, 33170-4458
Since: 2026-03-29
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$1,900 — $3,800
Flood $400 — $800
Property/Wind $1,500 — $3,000
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$80,306
Median Home Value$499,700
Pop. Density1,254/sq mi
Neighborhood 12305
100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
22
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