Palmetto Bay, FL 33170
Parcel: 3068160001660 · Container Nursery Above-Gr · Vacant Land · Zoning: 8900
Assessed Value (2025)
$17,500
Sales History
1
$200
2011-11-01
ZOES TROPICALS INC → 1ST UNITED BANK
2
$225,000+112400%
2013-04-29
1ST UNITED BANK → PRABHAKAR MARNADI
3
$150,000-33%
2017-02-08
PRABHAKAR MARNADI → O AND B NURSERY BROKERS INC
Tax Assessment History
$17,500
Assessed (2025)
$550,000
Market Value
$17,500
Taxable Value
$356
Annual Tax
2024
$17,500
$600,000
2025
$17,500
$550,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $17,500 | $550,000 | $17,500 | $356 | $550,000 | $0 |
| 2024 | $17,500 | $600,000 | $17,500 | $356 | $600,000 | $0 |
About Palmetto Bay, FL 33170
Palmetto Bay, FL 33170 is a property. The property is currently owned by O AND B NURSERY BROKERS INC, 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 2017-02-08 for $150,000, when PRABHAKAR MARNADI sold to O AND B NURSERY BROKERS INC. The property sold for $75,000 less than the prior sale of $225,000 on 2013-04-29. There are 3 recorded sales for this property.
The 2025 assessed value is $17,500 with a market value of $550,000. 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 2011 to 2017, with 3 recorded transactions in the public record.
The current assessed value represents 12% 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..
Current Owner
O AND B NURSERY BROKERS INC
21400 SW 228 ST, MIAMI, FL, 33170
Since: 2026-03-29
View owner profile →
People Behind This Entity
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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