12941 SW 221 ST, Palmetto Bay, FL 33170

12941 SW 221 ST, Palmetto Bay, FL 33170 is a 4-bedroom, 3.5-bathroom residential - single family : residential - total value built in 2014 with 2,703 square feet of living space on a 15,005 square foot lot. The property is currently owned by DAVID EDWIN BETTS BARBARA C BETTS, 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 2022-04-06 for $90,000, when DAVID EDWIN BETTS sold to DAVID EDWIN BETTS. The property sold for $480,000 less than the prior sale of $570,000 on 2020-09-01. There are 3 recorded sales for this property.

The 2025 assessed value is $421,844 with a market value of $764,002. This breaks down to $300,050 for the land and $463,952 for the building. The assessed value increased 3% from $409,956 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 $619,954 recorded against this property.

12941 SW 221 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 2015 to 2022, with 3 recorded transactions in the public record.

The current assessed value represents 469% 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 $33 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..