1 / 1617123 SW 78th Pl, Palmetto Bay FL 33157
Palmetto Bay, FL
List Price
$1,250,000
Type
Single Family
Bedrooms
4
Bathrooms
3
Price / SqFt
$441/sqft
Price reduction
8.1% below original list — was $1,360,000
From the listing
OPEN HOUSE SATURDAY 5/16 FROM 1- 3 PM. Great price reduction for quick sale Pride of same owner since 1988 ...Spacious single story 4-bedrooms home in a great and tranquil neighborhood in Palmetto Bay. House has 6 feet elevation from the street... 11 feet from sea level. House has great bones but in need of your personal taste updating! Double pane ANDERSON impact windows. Double entry doors ,3 newer AC units. The Roof was done in 2016 with the best wood and double liner. Screened Patio and lush Landscaping make this house great for outdoor entertaining! Special panel for RV Or Boat charging. Seller is motivated!!
Property Information
- Square Feet
- 2,834
- Units
- 1
- Days on Market
- 183
- Status
- active
Location
- County
- Miami-Dade County
- Zip Code
- 33157
- Coordinates
- 25.6114, -80.3196
Represented by Academia
Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.
Permit history
Permit records
Live permit data isn’t available via open data for this jurisdiction yet — check the official record directly.
Private inquiry
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Why this deal
- 8.1% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
66/100
Strong
is scored →
Scored neutral: our comparable-sale selection is being rebuilt so that it no longer references the asking price, and we will not score equity from an estimate we are not willing to publish.
8.1% off original list (full marks at 25%+).
183 days on market (full marks at 120+ — more time = more leverage).
Strong motivation language (as-is, short sale, foreclosure, estate, or heavy reno).
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice. Factors marked “assumed” were missing from the feed and scored neutral.
Deal scorecard
How four stakeholders read this deal
Risks
- Negative estimated equity — buying above estimated ARV, verify comps
- Roof age ~49 yr — approaching or beyond Citizens' 25-yr eligibility threshold; may require replacement or Citizens' roof inspection
- Flood zone AE — mandatory flood insurance required (NFIP or private); adds to carrying cost
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Negative estimated equity — buying above estimated ARV, verify comps
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
- conventional financing unlikely; cash or hard-money only
- thin equity — lender-unfriendly LTV (≈ 93% of ARV)
What an insurer sees
Insurance / 4-point
Insurability read from roof, electrical, plumbing and HVAC ages in the public record. M…
- Roof age ~49 yr — approaching or beyond Citizens' 25-yr eligibility threshold; may require replacement or Citizens' roof inspection
- Flood zone AE — mandatory flood insurance required (NFIP or private); adds to carrying cost
What a GC / AHJ sees
Permits / condition
Permit records for Palmetto Bay are not machine-readable by us yet, so no permit search was run. Verify directly with the building department.
4-point — last permit
- Roofnot covered
- Electricalnot covered
- Plumbingnot covered
- HVACnot covered
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-09-07. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
17123 SW 78th Pl, Palmetto Bay FL 33157, Palmetto Bay, FL
ARV is seeded from the asking price, not from comps — enter your own after-repair value. We are rebuilding comparable-sale selection so it no longer references the ask, and we will not pre-fill this field from an estimate we are not publishing.
Recommended max offer
$597,338
Room vs list (above list)
$652,662
Est. equity
-$364,200
-29% of ARV, at list
ROC at list
-23%
Est. all-in at list
$1,614,200
list + rehab + txn + carry
70% rule MAO
$671,000
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.