16640 SW 78 AVE, Palmetto Bay, FL 33157

16640 SW 78 AVE, Palmetto Bay, FL 33157 is a 5-bedroom, 4-bathroom residential - single family : 1 unit built in 2004 with 3,573 square feet of living space on a 15,155 square foot lot. The property is currently owned by MICHAEL P WOODBURY KIMBERLY WOODBURY, 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 2010-03-27 for $814,900, when NAVIN K MAHAJAN &W SHOMA S sold to MICHAEL P WOODBURY. The property sold for $285,100 less than the prior sale of $1,100,000 on 2007-08-01. There are 3 recorded sales for this property.

The 2025 assessed value is $620,439 with a market value of $1,233,402. This breaks down to $500,115 for the land and $733,287 for the building. The assessed value increased 3% from $602,954 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. 16640 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 2003 to 2010, with 3 recorded transactions in the public record. The current assessed value represents 76% of the most recent sale price.

Based on the most recent sale, this property traded at $228 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..