12738 SW 221 TER, Palmetto Bay, FL 33170

12738 SW 221 TER, Palmetto Bay, FL 33170 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 2002 with 1,638 square feet of living space on a 16,893 square foot lot. The property is currently owned by LAZARO MEL NARANJO YESSI DAYLIN NARANJO, 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 2024-09-11 for $740,000. There are 4 recorded sales for this property. The 2025 assessed value is $425,591 with a market value of $570,396.

This breaks down to $276,358 for the land and $294,038 for the building. The assessed value decreased 14% from $492,577 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 $690,251 recorded against this property. 12738 SW 221 TER, 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 2016 to 2024, with 4 recorded transactions in the public record. The current assessed value represents 58% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $452 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..