12940 SW 229 ST, Palmetto Bay, FL 33170

Parcel: 3069140211030 · Residential - Single Family · 1 Unit · Zoning: 3700

Assessed Value (2025)
$511,035

Property Details

Beds
3
Baths
3
Living Sqft
1,904
Year Built
2022
Lot Sqft
5,000
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$2,349,300
2022-09-16
AG ESSENTIAL HOUSING MULTILENNAR HOMES LLC
2
$525,000-78%
2022-11-25
LENNAR HOMES LLCGREIDYS VALDES BENAVENTE
3
$525,000
2022-12-19

Tax Assessment History

$511,035
Assessed (2025)
$526,659
Market Value
$511,035
Taxable Value
$10,404
Annual Tax
2024
$464,578
$493,680
2025
$511,035
$526,659
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $511,035 $526,659 $511,035 $10,404
2024 $464,578 $493,680 $464,578 $9,458

About 12940 SW 229 ST, Palmetto Bay, FL 33170

12940 SW 229 ST, Palmetto Bay, FL 33170 is a 3-bedroom, 3-bathroom residential - single family : 1 unit built in 2022 with 1,904 square feet of living space on a 5,000 square foot lot. The property is currently owned by GREIDYS VALDES BENAVENTE, 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 2022-12-19 for $525,000. There are 3 recorded sales for this property. The 2025 assessed value is $511,035 with a market value of $526,659.

This breaks down to $150,000 for the land and $376,659 for the building. The assessed value increased 10% from $464,578 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 $436,395 recorded against this property. 12940 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 2022, with 3 recorded transactions in the public record. The current assessed value represents 97% of the most recent sale price. Based on the most recent sale, this property traded at $276 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..

Current Owner

GREIDYS VALDES BENAVENTE
12940 SW 229 ST, MIAMI, FL, 33170
Since: 2026-03-29
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$3,466 — $5,910
Flood $400 — $800
Property/Wind $3,066 — $5,110

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$80,306
Median Home Value$499,700
Pop. Density1,254/sq mi

Neighborhood 12940

100%
Owner-Occ
0%
Investor
5
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
31
View full risk analysis →

Mortgages

ACTIVE
$454,050
~$436,395 bal.
LENNAR MORTGAGE LLC · 2022-12-19
Est. Total Balance $436,395
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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