22940 SW 156 AVE, Palmetto Bay, FL 33170

22940 SW 156 AVE, Palmetto Bay, FL 33170 is a 4-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1972 with 1,352 square feet of living space on a 7,000 square foot lot. The property is currently owned by JORAYME26 LLC, recorded as of 2026-05-17. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2026-04-02 for $452,500, when LAL HOLDINGS LLC sold to JORAYME26 LLC. The property has appreciated $52,500 (13%) since the prior sale of $400,000 on 2026-03-31. There are 6 recorded sales for this property.

The 2025 assessed value is $143,514 with a market value of $220,506. This breaks down to $84,000 for the land and $136,506 for the building. The assessed value increased 10% from $130,468 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 $97,395, and the median home value is $602,600.

The population density is 469 people per square mile. 22940 SW 156 AVE, 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 1991 to 2026, with 6 recorded transactions in the public record. The current assessed value represents 32% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase.

Based on the most recent sale, this property traded at $335 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..