12919 SW 229 TER, Palmetto Bay, FL 33170

Parcel: 3069140211110 · Residential - Single Family · 1 Unit · Zoning: 3700

Assessed Value (2025)
$469,245

Property Details

Beds
3
Baths
3
Living Sqft
1,904
Year Built
2023
Lot Sqft
5,000
Stories
1
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$2,549,100
2022-12-19
C/O AGWIP ASSET MANAGEMENT LLCLENNAR HOMES LLC
2
$540,000-79%
2023-02-27
LENNAR HOMES LLCREINALDO FERNANDO CASAS
3
$540,000
2023-03-06

Tax Assessment History

$469,245
Assessed (2025)
$489,743
Market Value
$418,523
Taxable Value
$8,521
Annual Tax
2024
$456,021
2025
$469,245
$489,743
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $469,245 $489,743 $418,523 $8,521
2024 $456,021 $456,021 $406,021 $8,266

About 12919 SW 229 TER, Palmetto Bay, FL 33170

12919 SW 229 TER, Palmetto Bay, FL 33170 is a 3-bedroom, 3-bathroom residential - single family : 1 unit built in 2023 with 1,904 square feet of living space on a 5,000 square foot lot. The property is currently owned by REINALDO FERNANDO CASAS MARILYN GRISSEL VILLALOBOS, 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 2023-03-06 for $540,000. There are 3 recorded sales for this property. The 2025 assessed value is $469,245 with a market value of $489,743.

This breaks down to $150,000 for the land and $339,743 for the building. The assessed value increased 3% from $456,021 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 $476,811 recorded against this property. 12919 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 complete ownership history of this property spans from 2022 to 2023, with 3 recorded transactions in the public record. The current assessed value represents 87% of the most recent sale price.

Based on the most recent sale, this property traded at $284 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..

Building Permits (1)

Permit #TypeStatusCost
C2023092733 building F $5,985

Current Owner

REINALDO FERNANDO CASAS MARILYN GRISSEL VILLALOBOS
12919 SW 229 TER, MIAMI, FL, 33170
Since: 2026-04-19
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$3,215 — $5,492
Flood $400 — $800
Property/Wind $2,815 — $4,692

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 12919

100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
20
View full risk analysis →

Mortgages

ACTIVE
$494,505
~$476,811 bal.
LENNAR MORTGAGE LLC · 2023-03-06
Est. Total Balance $476,811
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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