Palmetto Bay, FL 33170

Palmetto Bay, FL 33170 is a property. The property is currently owned by GUAVA FARM I 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 2022-01-05 for $1,400,300, when CANDY PATEL sold to GUAVA FARM I LLC. The property has appreciated $1,075,300 (331%) since the prior sale of $325,000 on 2011-09-02. There are 3 recorded sales for this property.

The 2025 assessed value is $30,175 with a market value of $1,207,000. The assessed value decreased 97% from $1,062,160 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 $71,250, and the median home value is $437,500. The population density is 352 people per square mile.

There are active mortgage liens totaling $980,210 recorded against this property. The complete ownership history of this property spans from 2009 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 2% 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..