Palmetto Bay, FL 33170

Palmetto Bay, FL 33170 is a property. The property is currently owned by RENE ALFONSO MENENDEZ MARINA PEREZ PENA, recorded as of 2026-06-14. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2026-05-01 for $680,000, when ADK INVESTMENT GROUP INC sold to RENE ALFONSO MENENDEZ. The property sold for $245,000 less than the prior sale of $925,000 on 2024-04-10. There are 4 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.

There are active mortgage liens totaling $253,294 recorded against this property. The complete ownership history of this property spans from 1975 to 2026, with 4 recorded transactions in the public record. The current assessed value represents 26% 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 4 active building permits on this property with a combined estimated cost of $98,100, indicating ongoing construction or renovation work..