16505 S DIXIE HWY, Palmetto Bay, FL 33157

16505 S DIXIE HWY, Palmetto Bay, FL 33157 is a automotive or marine : automotive or marine built in 1987 with 32,788 square feet of living space on a 154,675 square foot lot. The property is currently owned by HANANIA INVESTMENTS 4 LLC, 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 2012-10-01 for $5,825,000, when PUMA MANAGEMENT INC sold to HANANIA INVESTMENTS 4 LLC. The 2025 assessed value is $8,600,000 with a market value of $8,600,000. This breaks down to $6,960,375 for the land and $1,639,625 for the building.

The assessed value increased 2% from $8,391,320 in 2024. The median household income in this area is $87,096, and the median home value is $608,000. The population density is 4,240 people per square mile.

16505 S DIXIE HWY, 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 current assessed value represents 148% 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 $178 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..