12974 SW 229 TER, Palmetto Bay, FL 33170

12974 SW 229 TER, Palmetto Bay, FL 33170 is a 4-bedroom, 2.5-bathroom residential - single family : 1 unit built in 2022 with 2,598 square feet of living space on a 5,000 square foot lot. The property is currently owned by NICOLE DELORES KELLY CHRYSTENE RIVERS KELLY, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2023-01-20 for $536,000. There are 3 recorded sales for this property. The 2025 assessed value is $529,495 with a market value of $555,673.

This breaks down to $150,000 for the land and $405,673 for the building. The assessed value increased 3% from $514,573 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. 12974 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 99% of the most recent sale price. There is 1 active building permit on this property with a combined estimated cost of $5,300, indicating ongoing construction or renovation work.

Based on the most recent sale, this property traded at $206 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..