Palmetto Bay, FL 33170
Parcel: 3069130111040 · Vacant Residential · Vacant Land · Zoning: 0100
Assessed Value (2025)
$73,681
Sales History
1
$1,505,000
2005-08-01
2
$720,000-52%
2012-07-09
SILVER PALMS HOLDINGS LLC → SUNNY BRIGHT HOLDINGS LTD
3
$600,000-17%
2015-01-16
SUNNY BRIGHT HOLDINGS LTD → NORFRATO GROUP LLC
Tax Assessment History
$73,681
Assessed (2025)
$280,000
Market Value
$73,681
Taxable Value
$1,500
Annual Tax
2024
$66,983
$280,000
2025
$73,681
$280,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $73,681 | $280,000 | $73,681 | $1,500 | $280,000 | $0 |
| 2024 | $66,983 | $280,000 | $66,983 | $1,364 | $280,000 | $0 |
About Palmetto Bay, FL 33170
Palmetto Bay, FL 33170 is a property. The property is currently owned by NORFRATO GROUP 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 2015-01-16 for $600,000, when SUNNY BRIGHT HOLDINGS LTD sold to NORFRATO GROUP LLC. The property sold for $120,000 less than the prior sale of $720,000 on 2012-07-09. There are 3 recorded sales for this property.
The 2025 assessed value is $73,681 with a market value of $280,000. The assessed value increased 10% from $66,983 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 $42,718, and the median home value is $319,200. The population density is 5,016 people per square mile.
The complete ownership history of this property spans from 2005 to 2015, 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
NORFRATO GROUP LLC
2275 BISCAYNE BLVD 1, MIAMI, FL, 33137
Since: 2026-03-29
View owner profile →
Flood Zone
Zone X
Minimal risk
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$42,718
Median Home Value$319,200
Pop. Density5,016/sq mi
Neighborhood 33170
61%
Owner-Occ
39%
Investor
24
Flips (4yr)
20
New Biz (3yr)
Distress Risk
ELEVATED
41
Zoom in to see property sales