16940 SW 92 AVE, Palmetto Bay, FL 33157

16940 SW 92 AVE, Palmetto Bay, FL 33157 is a 4-bedroom, 2.5-bathroom residential - single family : 1 unit built in 1994 with 1,486 square feet of living space on a 8,411 square foot lot. The property is currently owned by RICARDO IBARRA JR ANNESTEJA IBARRA, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2025-03-25 for $703,000. There are 5 recorded sales for this property. The 2025 assessed value is $450,767 with a market value of $450,767.

This breaks down to $277,563 for the land and $173,204 for the building. The assessed value increased 202% from $149,507 in 2024. The median household income in this area is $87,096, and the median home value is $608,000.

The population density is 4,240 people per square mile. There are active mortgage liens totaling $589,945 recorded against this property. 16940 SW 92 AVE, Palmetto Bay, FL 33157 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 2019 to 2025, with 5 recorded transactions in the public record. The current assessed value represents 64% 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 $473 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..