Palmetto Bay, FL 33170
Parcel: 3068150000160 · Acreage Not Classified Ag · Vacant Land · Zoning: 8900
Assessed Value (2025)
$50,000
Sales History
1
$305,000
1984-12-01
2
$360,000+18%
1998-11-01
3
$4,545,000+1163%
2025-10-20
JC REAL ESTATE HOLDINGS LTD → VILA BLESSINGS LLC
4
$4,545,000
2025-10-27
Tax Assessment History
$50,000
Assessed (2025)
$1,000,000
Market Value
$50,000
Taxable Value
$1,018
Annual Tax
2024
$50,000
$1,000,000
2025
$50,000
$1,000,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $50,000 | $1,000,000 | $50,000 | $1,018 | $1,000,000 | $0 |
| 2024 | $50,000 | $1,000,000 | $50,000 | $1,018 | $1,000,000 | $0 |
About Palmetto Bay, FL 33170
Palmetto Bay, FL 33170 is a property. The property is currently owned by VILA BLESSINGS 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 2025-10-27 for $4,545,000. There are 4 recorded sales for this property. The 2025 assessed value is $50,000 with a market value of $1,000,000.
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 1984 to 2025, with 4 recorded transactions in the public record. The current assessed value represents 1% 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..
Building Permits (1)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2026039313 | electrical | F | $2,000 |
Current Owner
VILA BLESSINGS LLC
23315 SW 187 AVE, HOMESTEAD, FL, 33031
Since: 2026-03-29
View owner profile →
Flood Zone
Zone AH
Special Flood Hazard Area
Est. Annual Insurance
$1,900 — $3,800
Flood $400 — $800
Property/Wind $1,500 — $3,000
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$107,073
Median Home Value$457,700
Pop. Density6/sq mi
Neighborhood 33170
61%
Owner-Occ
39%
Investor
24
Flips (4yr)
20
New Biz (3yr)
Distress Risk
ELEVATED
41
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