22885 SW 123 AVE, Palmetto Bay, FL 33170

22885 SW 123 AVE, Palmetto Bay, FL 33170 is a 3-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1946 with 1,732 square feet of living space on a 12,500 square foot lot. The property is currently owned by FELICIANO LEAL ARIAS MARTA SILVIA OLIVA PALOMO, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2021-04-29 for $415,000, when JENNY VASALLO sold to FELICIANO LEAL ARIAS . The property has appreciated $414,900 (414900%) since the prior sale of $100 on 2020-06-11. There are 3 recorded sales for this property.

The 2025 assessed value is $450,944 with a market value of $487,684. This breaks down to $280,000 for the land and $207,684 for the building. The assessed value increased 6% from $423,706 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 $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 $368,433 recorded against this property.

This property currently has 1 open code violation on record with miami_dade code enforcement. Open violations can affect property value and may need to be resolved before a sale can close. There are 2 total code violations on record for this property, including 1 that have been resolved.

22885 SW 123 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 2014 to 2021, with 3 recorded transactions in the public record.

The current assessed value represents 109% of the most recent sale price. There is 1 active building permit on this property with a combined estimated cost of $1,125, indicating ongoing construction or renovation work. Based on the most recent sale, this property traded at $240 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..