12864 SW 229 TER, Palmetto Bay, FL 33170

12864 SW 229 TER, Palmetto Bay, FL 33170 is a 4-bedroom, 3-bathroom residential - single family : residential w/ additional quarters built in 2020 with 2,247 square feet of living space on a 12,029 square foot lot. The property is currently owned by ALEJANDRO OCTAVIO ESCOBAR NATALY RUIZ, 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 2020-07-23 for $401,700, when LENNAR HOMES LLC sold to ALEJANDRO OCTAVIO ESCOBAR . The 2025 assessed value is $461,201 with a market value of $735,852. This breaks down to $273,406 for the land and $462,446 for the building.

The assessed value increased 3% from $448,204 in 2024. The property has the following tax exemptions: homestead. 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 $37,850 recorded against this property. 12864 SW 229 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 115% of the most recent sale price. Based on the most recent sale, this property traded at $179 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..