12923 SW 231 TER, Palmetto Bay, FL 33170
Parcel: 3069140212880 · Residential · Townhouse · Zoning: 3700
Assessed Value (2025)
$450,000
Property Details
Beds
3
Baths
2.5
Living Sqft
1,812
Year Built
2024
Lot Sqft
1,965
Stories
2
RESIDENTIAL - TOTAL VALUE : TOWNHOUSE
Sales History
1
$15,742,600
2023-04-07
AG ESSENTIAL HOUSING MULTI → LENNAR HOMES LLC
2
$510,000-97%
2024-01-30
LENNAR HOMES LLC → COLLECTION PEARLS LLC
3
$510,000
2024-02-06
Tax Assessment History
$450,000
Assessed (2025)
$450,000
Market Value
$450,000
Taxable Value
$9,162
Annual Tax
2024
$19,455
2025
$450,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $450,000 | $450,000 | $450,000 | $9,162 | $0 | $0 |
| 2024 | $19,455 | $19,455 | $19,455 | $396 | $0 | $0 |
About 12923 SW 231 TER, Palmetto Bay, FL 33170
12923 SW 231 TER, Palmetto Bay, FL 33170 is a 3-bedroom, 2.5-bathroom residential - total value : townhouse built in 2024 with 1,812 square feet of living space on a 1,965 square foot lot. The property is currently owned by COLLECTION PEARLS LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2024-02-06 for $510,000. There are 3 recorded sales for this property. The 2025 assessed value is $450,000 with a market value of $450,000.
The assessed value increased 2213% from $19,455 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 $374,045 recorded against this property.
12923 SW 231 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 2024, with 3 recorded transactions in the public record.
The current assessed value represents 88% of the most recent sale price. Based on the most recent sale, this property traded at $281 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..
Building Permits (7)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2024039096 | electrical | F | — | ||
| W2024022177 | mechanical | F | — | ||
| C2024018487 | electrical | F | — | ||
| C2024008051 | building | F | — | ||
| W2023169246 | electrical | F | — | ||
| W2023162006 | plumbing | F | — | ||
| C2023124786 | building | F | $4,328,295 |
Current Owner
COLLECTION PEARLS LLC
1545 NW 15 ST 604, MIAMI, FL, 33125
Since: 2026-03-29
View owner profile →
People Behind This Entity
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$3,100 — $5,300
Flood $400 — $800
Property/Wind $2,700 — $4,500
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 12923
100%
Owner-Occ
0%
Investor
1
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
33
Mortgages
ACTIVE 7.625% rate
$382,500
BRADESCO BANK · 2024-02-06
Est. Total Balance $374,045
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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