12948 SW 229 ST, Palmetto Bay, FL 33170

12948 SW 229 ST, Palmetto Bay, FL 33170 is a 4-bedroom, 3.5-bathroom residential - single family : residential w/ additional quarters built in 2022 with 3,139 square feet of living space on a 5,000 square foot lot. The property is currently owned by ARET MELKON PARUNAKYAN, 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 2026-03-06 for $500,000. There are 4 recorded sales for this property. The 2025 assessed value is $626,242 with a market value of $626,242.

This breaks down to $150,000 for the land and $476,242 for the building. The assessed value increased 8% from $578,037 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.

12948 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 complete ownership history of this property spans from 2022 to 2026, with 4 recorded transactions in the public record.

The current assessed value represents 125% 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 $159 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..