11765 SW 223 ST, Palmetto Bay, FL 33170

11765 SW 223 ST, Palmetto Bay, FL 33170 is a 6-bedroom, 4-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1957 with 2,250 square feet of living space on a 7,500 square foot lot. The property is currently owned by EDDIE L SMITH SR & E L SMITH JR, 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 1985-10-01 for $59,000. The property has appreciated $14,000 (31%) since the prior sale of $45,000 on 1979-12-01. There are 3 recorded sales for this property.

The 2025 assessed value is $236,680 with a market value of $505,784. This breaks down to $262,500 for the land and $243,284 for the building. The assessed value increased 10% from $215,164 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. 11765 SW 223 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 1979 to 1985, with 3 recorded transactions in the public record. The current assessed value represents 401% 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.

There is 1 active building permit on this property with a combined estimated cost of $400, indicating ongoing construction or renovation work. Based on the most recent sale, this property traded at $26 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..