Palmetto Bay, FL 33170
Parcel: 3069130112210 · Vacant Residential · Vacant Land · Zoning: 0100
Assessed Value (2025)
$175,000
Sales History
1
$4,000
1975-07-01
2
$7,000+75%
1988-07-01
3
$925,000+13114%
2024-04-10
KENT MERTENS → ADK INVESTMENT GROUP INC
4
$695,000-25%
2025-05-18
ADK INVESTMENT GROUP INC → JUAN CARLOS FONSECA MILIAN
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 JUAN CARLOS FONSECA MILIAN LILIANA BRANA VERDEAL, recorded as of 2026-06-21. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2025-05-18 for $695,000, when ADK INVESTMENT GROUP INC sold to JUAN CARLOS FONSECA MILIAN. The property sold for $230,000 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 2025, with 4 recorded transactions in the public record. The current assessed value represents 25% 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 2 active building permits on this property, indicating ongoing construction or renovation work..
Building Permits (12)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2026069432 | electrical | F | — | ||
| W2026044861 | plumbing | F | — | ||
| W2026036847 | electrical | A | — | ||
| C2026002351 | building | F | — | ||
| C2026000987 | building | F | — | ||
| W2026001250 | mechanical | F | — | ||
| C2025174028 | building | F | — | ||
| C2025171606 | building | F | — | ||
| W2025154645 | electrical | A | — | ||
| W2025151164 | plumbing | F | — | ||
| W2025150462 | electrical | expired | — | ||
| C2025041574 | building | F | $98,370 |
Current Owner
JUAN CARLOS FONSECA MILIAN LILIANA BRANA VERDEAL
22925 SW 122 PL, MIAMI, FL, 33170
Since: 2026-06-21
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
Mortgages
ACTIVE
$469,000
ALTAMAR FINANCIAL GROUP LLC · 2025-09-12
Est. Total Balance $253,294
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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