Palmetto Bay, FL 33170

Palmetto Bay, FL 33170 is a 4-bedroom, 4-bathroom vacant residential : vacant land built in 9999 on a 12,377 square foot lot. The property is currently owned by IMPORT TECH 0255 LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2015-09-17 for $50,000, when FMV FAMILY LIMITED PARTNERSHIP sold to IMPORT TECH 0255 LLC. The property has appreciated $15,000 (43%) since the prior sale of $35,000 on 2002-07-01. The 2025 assessed value is $71,794 with a market value of $346,556.

The assessed value increased 10% from $65,268 in 2024. This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X.

The median household income in this area is $80,306, and the median home value is $499,700. The population density is 1,254 people per square mile. The complete ownership history of this property spans from 2002 to 2015, with 2 recorded transactions in the public record.

The current assessed value represents 144% 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. There is 1 active building permit on this property with a combined estimated cost of $168,165, indicating ongoing construction or renovation work..