16603 SW 78 PL, Palmetto Bay, FL 33157

16603 SW 78 PL, Palmetto Bay, FL 33157 is a 4-bedroom, 2-bathroom residential - single family : 1 unit built in 1990 with 2,875 square feet of living space on a 15,115 square foot lot. The property is currently owned by MARKUS PLIKAT, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2021-12-15 for $875,000, when MICHAEL A KHAN sold to MARKUS PLIKAT. The property has appreciated $380,000 (77%) since the prior sale of $495,000 on 2003-03-01. There are 3 recorded sales for this property.

The 2025 assessed value is $1,009,025 with a market value of $1,025,241. This breaks down to $498,795 for the land and $526,446 for the building. The assessed value increased 10% from $917,296 in 2024.

This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $216,711, and the median home value is $866,300.

The population density is 2,542 people per square mile. There are active mortgage liens totaling $255,901 recorded against this property. 16603 SW 78 PL, Palmetto Bay, FL 33157 is located in Palmetto Bay, Florida.

Property records, tax assessments, sales history, and ownership information for this Palmetto Bay property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2001 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 115% of the most recent sale price.

Based on the most recent sale, this property traded at $304 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..