Palmetto Bay, FL 33170

Palmetto Bay, FL 33170 is a property. The property is currently owned by REDLAND 232 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 2018-10-01 for $1,800,000, when KROME ENTERPRISES INC sold to REDLAND 232 LLC. The property has appreciated $850,000 (89%) since the prior sale of $950,000 on 2007-07-01. There are 3 recorded sales for this property.

The 2025 assessed value is $334,396 with a market value of $448,448. The assessed value increased 10% from $303,997 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.

The complete ownership history of this property spans from 1998 to 2018, with 3 recorded transactions in the public record. The current assessed value represents 19% 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..