Palmetto Bay, FL 33157

Palmetto Bay, FL 33157 is a property. The property is currently owned by TRS OF I I FUND % FLA DEPT OF NATURAL RESOURCES, 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 1987-08-01 for $102,000. The property has appreciated $2,000 (2%) since the prior sale of $100,000 on 1987-04-01. The 2025 assessed value is $151,440 with a market value of $151,440.

This property is located in FEMA Flood Zone VE, a high-risk coastal flood zone with additional wave action hazards. This is the highest-risk flood designation, and flood insurance is required. 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. The complete ownership history of this property spans from 1987 to 1987, with 2 recorded transactions in the public record. 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..