12959 SW 229 TER, Palmetto Bay, FL 33170

Parcel: 3069140211160 · Residential - Single Family · 1 Unit · Zoning: 3700

Assessed Value (2025)
$535,752

Property Details

Beds
4
Baths
2.5
Living Sqft
2,560
Year Built
2022
Lot Sqft
5,000
Stories
2
RESIDENTIAL - SINGLE FAMILY : 1 UNIT

Sales History

1
$3,971,700
2022-10-18
AG ESSENTIAL HOUSING MULTILENNAR HOMES LLC
2
$514,600-87%
2023-03-09
3
$514,600
2023-03-24
LENNAR HOMES LLCMARTHA EMILIA THOMAS
4
$630,000+22%
2025-10-28
MARTHA EMILIA THOMASLUZ ELANA CARO JARAMILLO
5
$630,000
2025-12-04

Tax Assessment History

$535,752
Assessed (2025)
$535,752
Market Value
$535,752
Taxable Value
$10,907
Annual Tax
2024
$496,670
2025
$535,752
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $535,752 $535,752 $535,752 $10,907
2024 $496,670 $496,670 $496,670 $10,112

About 12959 SW 229 TER, Palmetto Bay, FL 33170

12959 SW 229 TER, Palmetto Bay, FL 33170 is a 4-bedroom, 2.5-bathroom residential - single family : 1 unit built in 2022 with 2,560 square feet of living space on a 5,000 square foot lot. The property is currently owned by LUZ ELANA CARO JARAMILLO FRANK DEYVIS RODRIGUEZ CARO, 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 2025-12-04 for $630,000. There are 5 recorded sales for this property. The 2025 assessed value is $535,752 with a market value of $535,752.

This breaks down to $150,000 for the land and $385,752 for the building. The assessed value increased 8% from $496,670 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 $615,501 recorded against this property. 12959 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 2025, with 5 recorded transactions in the public record. The current assessed value represents 85% of the most recent sale price. Based on the most recent sale, this property traded at $246 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..

Current Owner

LUZ ELANA CARO JARAMILLO FRANK DEYVIS RODRIGUEZ CARO
12959 SW 229 TER, MIAMI, FL, 33170
Since: 2026-04-19
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$3,614 — $6,157
Flood $400 — $800
Property/Wind $3,214 — $5,357

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 12959

100%
Owner-Occ
0%
Investor
347
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
36
View full risk analysis →

Mortgages

ACTIVE
$618,589
~$615,501 bal.
JMAC LENDING INC · 2025-12-04
1 satisfied mortgage
SATISFIED 2023-03-09
$437,410
PRIMARY RESIDENTIAL MORTGAGE INC
Est. Total Balance $615,501
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
Zoom in to see property sales