Palmetto Bay, FL 33170

Palmetto Bay, FL 33170 is a property. The property is currently owned by PAVILO LAND HOLDINGS 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 2012-05-24 for $2,000,000, when FANCY FLORA INC sold to JOMA III PARTNERS LLP. The property has appreciated $1,649,500 (471%) since the prior sale of $350,500 on 1994-03-01. There are 3 recorded sales for this property.

The 2025 assessed value is $94,723 with a market value of $1,384,823. This breaks down to $1,358,000 for the land and $26,823 for the building. The assessed value decreased 0% from $95,095 in 2024.

This property is located in FEMA Flood Zone AH, indicating shallow flooding areas with ponding potential. Flood insurance is typically required. The median household income in this area is $107,073, and the median home value is $457,700.

The population density is 6 people per square mile. The complete ownership history of this property spans from 1977 to 2012, with 3 recorded transactions in the public record. The current assessed value represents 5% 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..