22950 SW 172 AVE, Palmetto Bay, FL 33170

22950 SW 172 AVE, Palmetto Bay, FL 33170 is a 3-bedroom, 2-bathroom residential - single family : 1 unit built in 1978 with 1,750 square feet of living space on a 36,154 square foot lot. The property is currently owned by ERICK ALVARENGA, 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 2010-06-03 for $150,000, when CHASE HOME FINANCE LLC sold to ERICK ALVARENGA. The property has appreciated $29,900 (25%) since the prior sale of $120,100 on 2010-03-31. There are 3 recorded sales for this property.

The 2025 assessed value is $201,619 with a market value of $532,869. This breaks down to $373,500 for the land and $159,369 for the building. The assessed value increased 3% from $195,937 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 $71,250, and the median home value is $437,500. The population density is 352 people per square mile. 22950 SW 172 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 2008 to 2010, with 3 recorded transactions in the public record. The current assessed value represents 134% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $86 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..