Palmetto Bay, FL 33170
Parcel: 3069140000341 · Container Nursery Above-Gr · Vacant Land · Zoning: 9000
Assessed Value (2025)
$18,473
Sales History
1
$140,000
1988-07-01
2
N/Anon-market transfer
1992-07-01
3
$239,680
2012-03-30
HUGH J FORTHMAN JR → BAAAMA V LLC
Tax Assessment History
$18,473
Assessed (2025)
$965,655
Market Value
$18,473
Taxable Value
$376
Annual Tax
2024
$18,473
$881,685
2025
$18,473
$965,655
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $18,473 | $965,655 | $18,473 | $376 | $965,655 | $0 |
| 2024 | $18,473 | $881,685 | $18,473 | $376 | $881,685 | $0 |
About Palmetto Bay, FL 33170
Palmetto Bay, FL 33170 is a property. The property is currently owned by BAAAMA V 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 2012-03-30 for $239,680, when HUGH J FORTHMAN JR sold to BAAAMA V LLC. There are 3 recorded sales for this property. The 2025 assessed value is $18,473 with a market value of $965,655.
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 $80,306, and the median home value is $499,700.
The population density is 1,254 people per square mile. The complete ownership history of this property spans from 1988 to 2012, with 3 recorded transactions in the public record. The current assessed value represents 8% 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..
Flood Zone
Zone AH
Special Flood Hazard Area
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$80,306
Median Home Value$499,700
Pop. Density1,254/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