12370 SW 225 ST, Palmetto Bay, FL 33170

Parcel: 3069130080061 · Residential - Single Family · 1 Unit · Zoning: 0100

Assessed Value (2025)
$129,154

Property Details

Beds
2
Baths
1
Living Sqft
1,446
Year Built
1938
Lot Sqft
58,257
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$45,000
1986-02-01
2
$100non-market transfer
2018-06-18
JOHN M THORP JOHN THORP LE
3
$1,100,000
2025-06-30
JOHN THORP LEFMV FAMILY LIMITED PARTNERSHIP
4
$1,100,000
2025-07-09

Tax Assessment History

$129,154
Assessed (2025)
$1,050,649
Market Value
$0
Taxable Value
2024
$125,515
$1,036,660
2025
$129,154
$1,050,649
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $129,154 $1,050,649 $0
2024 $125,515 $1,036,660 $0

About 12370 SW 225 ST, Palmetto Bay, FL 33170

12370 SW 225 ST, Palmetto Bay, FL 33170 is a 2-bedroom, 1-bathroom residential - single family : 1 unit built in 1938 with 1,446 square feet of living space on a 58,257 square foot lot. 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 2025-07-09 for $1,100,000. There are 4 recorded sales for this property. The 2025 assessed value is $129,154 with a market value of $1,050,649.

This breaks down to $920,598 for the land and $130,051 for the building. The assessed value increased 3% from $125,515 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. 12370 SW 225 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 1986 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 12% 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.

Based on the most recent sale, this property traded at $761 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..

Current Owner

FMV FAMILY LIMITED PARTNERSHIP
22400 OLD DIXIE HWY, MIAMI, FL, 33170
Since: 2026-03-29
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$1,949 — $3,800
Flood $400 — $800
Property/Wind $1,549 — $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 12370

100%
Owner-Occ
0%
Investor
2
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
23
View full risk analysis →
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