21600 SW 197 AVE, Palmetto Bay, FL 33170

21600 SW 197 AVE, Palmetto Bay, FL 33170 is a impr agri - not homesites : utility built in 1993 with 560 square feet of living space on a 179,902 square foot lot. The property is currently owned by FLORIDA POWER & LIGHT CO ATTN PROPERTY TAX DEPT, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 1987-12-01 for $125,000. The 2025 assessed value is $230,125 with a market value of $628,131. This breaks down to $578,200 for the land and $49,931 for the building.

The assessed value increased 10% from $209,743 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. 21600 SW 197 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 current assessed value represents 184% 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 $223 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..