12822 SW 218 TER, Palmetto Bay, FL 33170

12822 SW 218 TER, Palmetto Bay, FL 33170 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 2001 with 1,609 square feet of living space on a 12,529 square foot lot. The property is currently owned by MARISOL VELASQUEZ, 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 2002-02-01 for $156,000. The 2025 assessed value is $253,288 with a market value of $490,764. This breaks down to $250,173 for the land and $240,591 for the building.

The assessed value increased 3% from $246,150 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.

12822 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 current assessed value represents 162% 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. Based on the most recent sale, this property traded at $97 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..