Waterfront home — 14675 SW 78th Avenue · Royal Palm Harbor 2nd Add · Palmetto Bay
South Florida Luxury Living
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Open property magazine$1,900,000
14675 SW 78th Avenue, Palmetto Bay, FL 33158
Palmetto Bay, FL, 33158
Listed by Avanti Way Brickell
14675 SW 78th Avenue, Palmetto Bay, FL 33158
Listed by Avanti Way Brickell
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
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Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated Monthly Payment
20% down · 6.75% interest · 30-year loan
Principal, interest, taxes and insurance. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $9,859/mo
- Property tax (after sale) est.
- $2,689/mo
- Homeowners insurance est.
- $1,072/mo
- HOA
- $0/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
14675 SW 78th Avenue, Palmetto Bay, FL 33158
Estimated cash to close est.
$420,542.33
Down payment plus Florida taxes, title, lender and prepaid costs.
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Loan amount (calculated): $1,520,000.00
Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.
Edit closing costs & prepaids
Assumes both policies cover identical land and dates, with loan coverage within owner coverage—even if the seller pays owner title. Minimum lender premium $25. Turn off if not eligible. Endorsement allowance defaults to one $25 endorsement; actual requirements and premiums vary (Florida 69O-186.005).
Appraisal starts at $650. Waterfront and luxury homes may require a higher fee; confirm with your lender.
Tax uses existing ZIP estimates (after sale); insurance uses existing site estimates. Edit with your quote. If HOA insurance is included, confirm separate unit-owner coverage. Missing HOA costs are excluded—not assumed zero.
Estimated cash to close est.
$420,542.33
- Down payment est.
- $380,000.00
- Mortgage note documentary stamps est.
- $5,320.00
- Mortgage intangible tax est.
- $3,040.00
- Lender’s title insurance est.
- $25.00
- Lender title endorsements est.
- $25.00
- Lender fees est.
- $1,500.00
- Appraisal est.
- $650.00
- Owner’s title insurance est.
- $7,325.00
- Title search & examination est.
- $125.00
- Municipal lien search est.
- $150.00
- Settlement / closing fee est.
- $450.00
- County recording (deed) est.
- $30.00
- County recording (mortgage) est.
- $120.00
- Inspection, wind mitigation & 4-point est.
- $900.00
- Survey est.
- $500.00
- Property tax escrow (2 months, after sale) est.
- $5,377.83
- Insurance escrow (2 months) est.
- $2,143.50
- First-year insurance premium est.
- $12,861.00
- HOA / condo contribution or transfer est.
- Not provided
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Mortgage stamps: $0.35 per $100 or fraction. Intangible tax: 0.2% of loan. Title uses Florida 69O-186.003 base rates. Assumes 2 months of tax/insurance escrow for financed purchases plus first-year insurance; cash purchases have no lender escrow.
Before deposits and credits. Prepaid interest and other contract costs are not included. Discounts and title endorsements must be confirmed by the title company. Title search, municipal lien search, settlement and recording are pass-through title company charges for cash and financed buyers alike; the municipal lien search is priced by each city and can run higher (e.g. Boca Raton $150, Coral Gables $220).
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Insurance & flood
- Flood zone (FEMA)
- Zone AEFlood insurance required
- Homeowners insurance est.
- $1,072 / month
Flood insurance is required with a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender). The monthly insurance estimate above does not include flood insurance — see "Show details" for the flood rules and the official FEMA map.
Source: FEMA National Flood Hazard Layer · Date checked: Oct 22, 2026
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
Flood zone: AE
High-risk mapped flood area (1% annual chance of flooding).
Source: FEMA National Flood Hazard Layer · Date checked: Oct 22, 2026
- Roof type
- Spanish Tile
- Roof year
- Not provided —
- Impact windows / doors
- Impact Glass (Partial)
- Shutters
- Not provided —
- Window features
- Impact Glass (Partial)
- Year built
- 1968
Homeowners insurance: $1,072 / month est.
- Annual premium est.
- $12,556
- Fees & taxes est.
- $305
- Annual total est.
- $12,861
- Likely range est.
- $10,932–$15,433
- Dwelling coverage est.
- $775,060
- Other structures est.
- $15,501
- Personal property est.
- $155,012
- Loss of use est.
- $77,506
- Hurricane deductible (2%) est.
- $15,501
Based on the listing: 2,981 sq ft · built 1968 · one story.
Dwelling coverage uses living area × county rebuilding cost. Selling price and land value are not included. The monthly estimate includes fees and applicable taxes.
Broward inland rates were calibrated against two supplied policies; other county and coastal rates have not yet been calibrated against real quotes.
Assumed where the listing is silent: concrete-block construction · coastal rating band · roof 6–15 years old · gable roof · standard finish · 2% hurricane deductible · admitted carrier; no surplus-lines tax. A newer roof, a hip roof shape, or a higher deductible can lower the premium; frame construction can raise it.
Educational estimate only, not an insurance quote. Actual premiums depend on the carrier, inspections, discounts, and underwriting. Flood insurance not included. Simon Gedz is a Realtor, not a licensed insurance agent.
Special Flood Hazard Area. With a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender), flood insurance is required.
The FEMA map is a strong indication, not the final answer: your lender orders its own flood zone determination. Cash buyers are not required to carry flood insurance, but on the water it is strongly recommended.
Florida rule: by 2027, Citizens policyholders must carry flood insurance even outside a flood zone, unless the Citizens policy excludes wind coverage. The FEMA map does not show this.
How flood insurance is priced (FEMA Risk Rating 2.0)
Flood insurance is priced home by home, so two neighbors on the same canal can pay very different amounts. Premiums depend on the home's elevation (first-floor height above the expected flood level), distance to water (ocean, Intracoastal, canal or river), the type of flood risk (storm surge, heavy rain or river overflow), the cost to rebuild, the foundation and construction type, and past flood claims on the property.
Federal flood insurance (NFIP) pays at most $250,000 for the building and $100,000 for contents. A luxury waterfront home needs private flood insurance or an "excess flood" policy on top.
Before an offer: pull the official FEMA flood map (FIRMette), ask the seller for an elevation certificate (it largely decides the price), ask whether the seller's existing NFIP policy can be transferred to you (sometimes at a lower rate), and have an insurance agent check prior flood claims (CLUE report). New NFIP policies usually have a 30-day wait before they take effect — don't leave it until the week of closing.
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
About This Property
Find similar homesFully remodeled and thoughtfully designed for modern living, this stunning Palmetto Bay residence offers theperfect blend of style, comfort, and waterfront charm. Renovated from top to bottom, the home features brand-new flooring throughout, impact windows and doors, and fresh interior and exterior paint. The bright open-conceptlayout seamlessly connects the living, dining, and kitchen areas, creating an ideal space for both everyday livingand entertaining. The brand-new kitchen showcases sleek cabinetry, contemporary finishes, and a functionaldesign, complemented by a dedicated bar area perfect for hosting guests. The spacious primary suite has beencompletely transformed and includes a beautifully redesigned spa-like bathroom. With 3 bedrooms and 4 fullbathrooms, the home offers flexibility, privacy, and comfort for family and guests alike. Step outside to a fullyrenovated pool area designed for relaxation and entertaining. The oversized lot provides generous outdoor space,while the canal-front backyard offers peaceful water views and a true South Florida lifestyle. A rare opportunity toown a turnkey waterfront property in one of Miami’s most desirable neighborhoods.
Property Details
14675 SW 78th Avenue, Palmetto Bay, FL 33158 · Palmetto Bay
Location
14675 SW 78th Avenue, Palmetto Bay, FL 33158
What buyers ask about this home
What are the estimated monthly carrying costs at 14675 SW 78th Avenue, Palmetto Bay, FL 33158?+
Property tax (after sale): $2,689/month est.; homeowners insurance: $1,072/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $3,761/month est. Principal and interest: $9,859/month; PMI: $0/month. Total for the payment scenario shown: $13,619/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 14675 SW 78th Avenue, Palmetto Bay, FL 33158?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 14675 SW 78th Avenue, Palmetto Bay, FL 33158 need flood insurance, and what drives the premium?+
Most of Palmetto Bay sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 14675 SW 78th Avenue, Palmetto Bay, FL 33158?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the waterfront at 14675 SW 78th Avenue, Palmetto Bay, FL 33158?+
Waterfront ownership adds seawall maintenance and eventual replacement, dock and lift servicing, higher flood and wind premiums, and salt-air upkeep on exterior finishes and equipment. Confirm bridge height and water depth at low tide if you plan to keep a boat.
Is there room to negotiate on 14675 SW 78th Avenue, Palmetto Bay, FL 33158?+
This listing has been on the market 39 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Palmetto Bay, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Coral Reef Elementary School
Elementary · 0.4 mi from this home · 7955 Sw 152Nd St, Palmetto Bay
Southwood Middle School
Middle school · 1.0 mi from this home · 16301 Sw 80Th Ave, Palmetto Bay
Miami Palmetto Senior High School
High school · 1.8 mi from this home · 7431 Sw 120Th St, Miami
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Westminster Christian Private School, Inc.
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Palmetto Bay
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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