12703 SW 229 ST, Palmetto Bay, FL 33170

12703 SW 229 ST, Palmetto Bay, FL 33170 is a 5-bedroom, 3.5-bathroom residential - single family : residential w/ additional quarters built in 2020 with 3,191 square feet of living space on a 8,087 square foot lot. The property is currently owned by GUILLERMO ALVARO MORALES JR, 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 2021-02-26 for $495,600, when LENNAR HOMES LLC sold to GUILLERMO ALVARO MORALES JR. The 2025 assessed value is $664,340 with a market value of $664,340. This breaks down to $211,305 for the land and $453,035 for the building.

The assessed value increased 7% from $619,176 in 2024. 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 $463,439 recorded against this property.

12703 SW 229 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 current assessed value represents 134% 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 $155 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..