12902 SW 229 TER, Palmetto Bay, FL 33170
Parcel: 3069140211320 · Residential - Single Family · 1 Unit · Zoning: 3700
Assessed Value (2025)
$613,765
Property Details
Beds
5
Baths
3
Living Sqft
3,252
Year Built
2023
Lot Sqft
5,367
Stories
2
RESIDENTIAL - SINGLE FAMILY : 1 UNIT
Sales History
1
$2,501,200
2023-01-17
AG ESSENTIAL HOUSING MULTI → LENNAR HOMES LLC
2
$615,000-75%
2023-02-28
LENNAR HOMES LLC → DANIEL HERNANDEZ
3
$615,000
2023-03-14
Tax Assessment History
$613,765
Assessed (2025)
$645,615
Market Value
$563,043
Taxable Value
$11,463
Annual Tax
2024
$596,468
2025
$613,765
$645,615
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $613,765 | $645,615 | $563,043 | $11,463 | $155,505 | $490,110 |
| 2024 | $596,468 | $596,468 | $546,468 | $11,126 | $155,505 | $440,963 |
About 12902 SW 229 TER, Palmetto Bay, FL 33170
12902 SW 229 TER, Palmetto Bay, FL 33170 is a 5-bedroom, 3-bathroom residential - single family : 1 unit built in 2023 with 3,252 square feet of living space on a 5,367 square foot lot. The property is currently owned by DANIEL HERNANDEZ, 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 2023-03-14 for $615,000. There are 3 recorded sales for this property. The 2025 assessed value is $613,765 with a market value of $645,615.
This breaks down to $155,505 for the land and $490,110 for the building. The assessed value increased 3% from $596,468 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 $125,000 recorded against this property. 12902 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 2023 to 2023, with 3 recorded transactions in the public record. The current assessed value represents 100% of the most recent sale price.
Based on the most recent sale, this property traded at $189 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..
Building Permits (2)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2024113771 | electrical | F | — | ||
| C2024112306 | electrical | F | — |
Current Owner
DANIEL HERNANDEZ
12902 SW 229 TER, MIAMI, FL, 33170
Since: 2026-03-29
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$4,082 — $6,937
Flood $400 — $800
Property/Wind $3,682 — $6,137
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 12902
100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
21
Mortgages
ACTIVE
$125,000
0 DANIEL HERNANDEZ · 2024-06-13
2 satisfied mortgages
SATISFIED 2024-05-02
$570,000
PREMIUM MORTGAGE CORP
SATISFIED 2023-03-14
$553,500
PREMIUM MORTGAGE CORP
Est. Total Balance $125,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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