Palmetto Bay, FL 33170

Palmetto Bay, FL 33170 is a property. The property is currently owned by I V TRUST & INVESTMENT 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 2021-05-14 for $2,195,000, when GOOD TIMES FARM CORP sold to I V TRUST & INVESTMENT LLC. The property has appreciated $815,000 (59%) since the prior sale of $1,380,000 on 2004-01-01. There are 3 recorded sales for this property.

The 2025 assessed value is $95,542 with a market value of $1,562,812. This breaks down to $1,534,400 for the land and $28,412 for the building. The assessed value decreased 0% from $95,931 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. The complete ownership history of this property spans from 1999 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 4% 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..