12481 SW 223 ST, Palmetto Bay, FL 33170

12481 SW 223 ST, Palmetto Bay, FL 33170 is a 3-bedroom, 2-bathroom residential - single family : residential - total value built in 2002 with 1,424 square feet of living space on a 6,328 square foot lot. The property is currently owned by JORGE CARLOS MARTINEZ PELEAZ, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2022-06-27 for $532,700, when DAVID FUENTES BEYRIES sold to JORGE CARLOS MARTINEZ PELEAZ. The property has appreciated $412,700 (344%) since the prior sale of $120,000 on 2011-07-27. There are 3 recorded sales for this property.

The 2025 assessed value is $442,343 with a market value of $454,061. This breaks down to $184,920 for the land and $269,141 for the building. The assessed value increased 3% from $429,877 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. There are active mortgage liens totaling $461,007 recorded against this property.

12481 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 2002 to 2022, with 3 recorded transactions in the public record.

The current assessed value represents 83% of the most recent sale price. Based on the most recent sale, this property traded at $374 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..