12996 SW 218 TER, Palmetto Bay, FL 33170

12996 SW 218 TER, Palmetto Bay, FL 33170 is a 4-bedroom, 3-bathroom residential - single family : residential - total value built in 2006 with 2,585 square feet of living space on a 16,798 square foot lot. The property is currently owned by ACTWAY MANAGEMENT LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2026-02-02 for $890,000. There are 4 recorded sales for this property. The 2025 assessed value is $318,600 with a market value of $772,767.

This breaks down to $317,980 for the land and $454,787 for the building. The assessed value increased 3% from $309,621 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 $580,000 recorded against this property. 12996 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 2006 to 2026, with 4 recorded transactions in the public record. The current assessed value represents 36% 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 $344 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..