22855 SW 124 AVE, Palmetto Bay, FL 33170

22855 SW 124 AVE, Palmetto Bay, FL 33170 is a property. The property is currently owned by NORFRATO GROUP 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 2015-01-16 for $600,000, when SUNNY BRIGHT HOLDINGS LTD sold to NORFRATO GROUP LLC. The property sold for $120,000 less than the prior sale of $720,000 on 2012-07-09. There are 3 recorded sales for this property.

The 2025 assessed value is $1,046,292 with a market value of $1,651,717. This breaks down to $1,638,456 for the land and $13,261 for the building. The assessed value increased 10% from $951,175 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 2 total code violations on record for this property, including 2 that have been resolved. 22855 SW 124 AVE, 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 2015, with 3 recorded transactions in the public record. The current assessed value represents 174% 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..