12602 SW 224 ST, Palmetto Bay, FL 33170

Parcel: 3069130340050 · Residential - Single Family · 1 Unit · Zoning: 0100

Assessed Value (2025)
$647,255

Property Details

Beds
3
Baths
2
Living Sqft
2,300
Year Built
2022
Lot Sqft
8,581
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$600,000
2020-10-02
JUAN AZPEITIA &W AIDA &A AND B DEVELOPERS INC
2
$625,000+4%
2023-02-03
A AND B DEVELOPERS INCALEJANDRO SIBILA
3
$625,000
2023-02-13

Tax Assessment History

$647,255
Assessed (2025)
$668,695
Market Value
$647,255
Taxable Value
$13,178
Annual Tax
2024
$588,414
2025
$647,255
$668,695
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $647,255 $668,695 $647,255 $13,178
2024 $588,414 $588,414 $588,414 $11,980

About 12602 SW 224 ST, Palmetto Bay, FL 33170

12602 SW 224 ST, Palmetto Bay, FL 33170 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 2022 with 2,300 square feet of living space on a 8,581 square foot lot. The property is currently owned by ALEJANDRO SIBILA JUDITH MANTILLA SIBILA, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2023-02-13 for $625,000. There are 3 recorded sales for this property. The 2025 assessed value is $647,255 with a market value of $668,695.

This breaks down to $225,134 for the land and $443,561 for the building. The assessed value increased 10% from $588,414 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 $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 $151,667 recorded against this property. 12602 SW 224 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 2020 to 2023, with 3 recorded transactions in the public record. The current assessed value represents 104% of the most recent sale price. Based on the most recent sale, this property traded at $272 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..

Current Owner

ALEJANDRO SIBILA JUDITH MANTILLA SIBILA
16510 SW 137 AVE APT 934, MIAMI, FL, 33177
Since: 2026-04-19
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$4,283 — $7,272
Flood $400 — $800
Property/Wind $3,883 — $6,472

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 12602

100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
LOW
20
View full risk analysis →

Mortgages

ACTIVE
$153,780
~$151,667 bal.
SECRETARY HOUSING URBAN DEVELOPMENT · 2023-09-27
1 satisfied mortgage
SATISFIED 2023-02-13
$567,510
1ST FINANCIAL INC
Est. Total Balance $151,667
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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