Palmetto Bay, FL 33170
Parcel: 3069130112030 · Vacant Residential · Vacant Land · Zoning: 0100
Assessed Value (2025)
$175,000
Sales History
1
$45,000
1979-06-01
2
$16,500-63%
1986-06-01
3
$925,000+5506%
2024-04-10
KENT MERTENS → ADK INVESTMENT GROUP INC
Tax Assessment History
$175,000
Assessed (2025)
$175,000
Market Value
$175,000
Taxable Value
$3,563
Annual Tax
2024
$29,471
$175,000
2025
$175,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $175,000 | $175,000 | $175,000 | $3,563 | $175,000 | $0 |
| 2024 | $29,471 | $175,000 | $29,471 | $600 | $175,000 | $0 |
About Palmetto Bay, FL 33170
Palmetto Bay, FL 33170 is a property. The property is currently owned by ADK INVESTMENT GROUP 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 2024-04-10 for $925,000, when KENT MERTENS sold to ADK INVESTMENT GROUP INC. The property has appreciated $908,500 (5506%) since the prior sale of $16,500 on 1986-06-01. There are 3 recorded sales for this property.
The 2025 assessed value is $175,000 with a market value of $175,000. The assessed value increased 494% from $29,471 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 1979 to 2024, with 3 recorded transactions in the public record. The current assessed value represents 19% 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.
There are 9 active building permits on this property with a combined estimated cost of $107,550, indicating ongoing construction or renovation work..
Building Permits (9)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| W2026104663 | plumbing | A | — | ||
| W2026098613 | electrical | A | — | ||
| C2026089634 | building | A | — | ||
| W2026094827 | mechanical | A | — | ||
| C2026069642 | building | A | — | ||
| C2026066804 | building | A | — | ||
| W2026065520 | plumbing | A | — | ||
| W2026062853 | electrical | A | — | ||
| C2025161728 | building | A | $107,550 |
Current Owner
ADK INVESTMENT GROUP INC
7001 SW 97 AVE 207, MIAMI, FL, 33173
Since: 2026-03-29
View owner profile →
Flood Zone
Zone X
Minimal risk
Est. Annual Insurance
$2,150 — $3,950
Flood $400 — $800
Property/Wind $1,750 — $3,150
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
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