16720 SW 78 AVE, Palmetto Bay, FL 33157

16720 SW 78 AVE, Palmetto Bay, FL 33157 is a 5-bedroom, 4-bathroom residential - single family : 1 unit built in 1995 with 3,433 square feet of living space on a 15,155 square foot lot. The property is currently owned by GUSTAVO GUILLERMO ALCIVAR CELIA AMBAR TAPIA, 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 2020-01-31 for $800,000, when ROBERT F GERLACH &W JILL L sold to GUSTAVO GUILLERMO ALCIVAR . The property has appreciated $425,000 (113%) since the prior sale of $375,000 on 1998-07-01. There are 3 recorded sales for this property.

The 2025 assessed value is $723,957 with a market value of $1,118,145. This breaks down to $500,115 for the land and $618,030 for the building. The assessed value increased 3% from $703,554 in 2024.

The property has the following tax exemptions: homestead. 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 $517,339 recorded against this property.

16720 SW 78 AVE, 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 1997 to 2020, with 3 recorded transactions in the public record.

The current assessed value represents 90% of the most recent sale price. Based on the most recent sale, this property traded at $233 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..