12812 SW 218 TER, Palmetto Bay, FL 33170

12812 SW 218 TER, Palmetto Bay, FL 33170 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 2001 with 1,603 square feet of living space on a 12,500 square foot lot. The property is currently owned by CARLOS L ALVAREZ &W FLOR A, 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 2005-12-01 for $380,000. The property has appreciated $235,000 (162%) since the prior sale of $145,000 on 2002-01-01. The 2025 assessed value is $148,942 with a market value of $490,597.

This breaks down to $250,000 for the land and $240,597 for the building. The assessed value increased 5% from $141,524 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. This property currently has 2 open code violations on record with miami_dade code enforcement. Open violations can affect property value and may need to be resolved before a sale can close.

12812 SW 218 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 2002 to 2005, with 2 recorded transactions in the public record.

The current assessed value represents 39% 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 $237 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..