16721 SW 78 CT, Palmetto Bay, FL 33157

16721 SW 78 CT, Palmetto Bay, FL 33157 is a 5-bedroom, 4-bathroom residential - single family : 1 unit built in 1991 with 3,621 square feet of living space on a 15,154 square foot lot. The property is currently owned by CHABAD OF PALMETTO BAY INC, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2012-08-23 for $600,000, when DONNA J HRINAK sold to CHABAD OF PALMETTO BAY INC. The property sold for $369,500 less than the prior sale of $969,500 on 2006-05-01. There are 3 recorded sales for this property.

The 2025 assessed value is $923,777 with a market value of $1,110,621. This breaks down to $500,082 for the land and $610,539 for the building. The assessed value increased 10% from $839,798 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 $500,000 recorded against this property. 16721 SW 78 CT, 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 1991 to 2012, with 3 recorded transactions in the public record. The current assessed value represents 154% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $166 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..