New Construction · Florida City, FL
Palm Cay Florida City, FL Homes For Sale & Real Estate
Palm Cay, Florida City, FL, is a new construction community in Miami-Dade County with 10 homes for sale right now. Palm Cay is a community in Florida City, Miami-Dade County, Florida.
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Market Overview
Palm Cay real estate market
There are 10 active listings for sale in Palm Cay right now. The median list price is $384,990, or about $274 per square foot. Listings span $378,990 to $415,990, so there is inventory across most budgets. Homes are averaging 85 days on market. These figures update from the MLS as the market moves.
Palm Cay Market Stats
MLS data updated October 6, 2026- Active Listings
- 10
- Median List Price
- $384,990
- Median $/Sq Ft
- $274
- Avg Days on Market
- 85
- Price Range
- $378,990 to $415,990
Frequently Asked Questions
- How many homes are for sale in Palm Cay?
- There are 10 active listings for sale in Palm Cay right now, and these counts update from the MLS as homes come on the market and go under contract. Prices sit in a narrow band here, so homes in Palm Cay tend to compete directly with each other. Ask us to set up a search alert and you will see new Palm Cay listings the day they reach the market.
- What is the median home price in Palm Cay?
- The median list price in Palm Cay is $384,990, or roughly $274 per square foot. The median is the midpoint of what is currently listed, so about half of Palm Cay homes ask more and half ask less, within a broader range of $378,990 to $415,990. The median sits in the lower part of that range, so most Palm Cay homes are nearer the entry level and a few high-end listings pull the top up. We can pull recent comparable sales to price a specific home more precisely.
- What price range do homes in Palm Cay cover?
- Homes for sale in Palm Cay currently range from about $378,990 at the entry level to $415,990 at the top of the market. That spread reflects unit size, floor, and finish level across the condos and townhomes here, with the median list price around $384,990. The spread is tight, which usually points to a consistent housing stock rather than a mix of sizes and eras. Tell us your budget and must-haves and we will send the Palm Cay listings that actually fit.
- How long do homes take to sell in Palm Cay?
- Homes in Palm Cay are averaging 85 days on market, measured from the day a listing goes live to the day it goes under contract. That is a measured pace, which usually leaves buyers room to negotiate and makes pricing at the outset matter more for sellers. Days on market in Palm Cay also shift with the season and with how a home is priced, so a sharply priced listing can still sell well ahead of the average.
About Palm Cay
Palm Cay, Florida City, FL, is a new construction community in Miami-Dade County with 10 homes for sale right now. Palm Cay is a community in Florida City, Miami-Dade County, Florida. Active listings are priced from $335,000 to $483,990. Homes were built between 2024 and 2026. Pure Equity lists homes in Palm Cay and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
Homes & Architecture
Homes for sale in Palm Cay
Homes for sale in Palm Cay offer 3 bedrooms and 2.5 to 3 baths. Floor plans span roughly 1,382 to 1,460 square feet. The mix here includes townhouse homes. Current prices run from $378,990 to $415,990. The homes on the market were built between 2025 and 2026.
Schools
Schools near Palm Cay
Homes for sale in Palm Cay are typically zoned for the Florida City public schools below, based on current MLS listings. Confirm the exact attendance zone for any specific address with the Miami-Dade County school district before you buy.
- Elementary School
- Campbell Drive K-8
- Middle School
- Homestead
- High School
- Homestead
HOA
Palm Cay HOA fees
- Median HOA fee
- $158/mo
- Typical range
- N/A
- Lowest to highest
- $158 to $158
- Listings with a fee
- 10 of 10
Across the 10 homes for sale in Palm Cay that list an HOA fee, the median is $158 a month. Fees quoted quarterly or yearly are converted to a monthly figure so they compare directly.
The fee most often covers common areas and grounds maintenance. Coverage differs from one building or section to the next, so read what a specific listing includes before comparing it with another.
Listings here most often mention cabana, other, playground and pool.
All 10 listings that state a pet policy allow pets, some with size or number limits.
From current MLS listings in Palm Cay; the figures change as homes come and go. Confirm the fee, any special assessments and the association's rules with the HOA before you buy.
Recent Sales
Recently sold homes in Palm Cay
These are the last 6 recorded closings in Palm Cay, with the price each home actually sold for rather than what it was listed at. They closed at a median of $274 per square foot. The most recent closed on September 30, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$379,000
Sold · September 30, 2026
481 NE 15 Street
3 bed · 3 bath · 1,382 sqft · $274/sqft
$23,000 under the asking price
Sold$384,000
Sold · September 30, 2026
493 NE 15 Street
3 bed · 2.5 bath · 1,448 sqft · $265/sqft
$23,000 under the asking price
Sold$380,000
Sold · September 30, 2026
475 NE 15 Street
3 bed · 2.5 bath · 1,460 sqft · $260/sqft
$81,990 under the asking price
Sold$399,000
Sold · September 30, 2026
523 NE 15 Street
3 bed · 2.5 bath · 1,456 sqft · $274/sqft
$65,990 under the asking price
Sold$379,000
Sold · September 30, 2026
517 NE 15 Street
3 bed · 3 bath · 1,382 sqft · $274/sqft
$23,000 under the asking price
Sold$384,990
Sold · September 29, 2026
499 NE 15 Street
3 bed · 3 bath · 1,382 sqft · $279/sqft
$65,000 under the asking price
See every recorded sale in Palm Cay or find out what your Palm Cay home is worth.
Market & Value
Palm Cay market and home values
The Palm Cay real estate market reads best through the community's own recent activity, not a county-wide average. The median list price in Palm Cay is around $384,990, or roughly $274 per square foot. That sits about 36% below the Miami-Dade County median, which shows where Palm Cay lands in the local market. Recent asking prices have run from $378,990 to $415,990, so the home you choose within Palm Cay matters as much as the community average. Homes here have recently taken about 85 days to go under contract, a useful gauge of how quickly the Palm Cay market is moving. For pricing an offer or a listing, comparable sales within Palm Cay carry more weight than any headline number, since homes of the same type and size set the real range. Pure Equity can pull the active and recently sold homes in Palm Cay so you work from real numbers, not an estimate.
How It Compares
Palm Cay compared to nearby Florida City communities
Palm Cay sits 2 of 7 on median price among these Florida City communities. Price per square foot is the fairer comparison between communities, because it adjusts for the fact that one neighborhood builds bigger homes than another. Days on market shows how quickly each one is actually selling.
| Community | Homes | Median | $/Sq Ft | Days |
|---|---|---|---|---|
| On Centro | 6 | $402,400 | - | 96 |
| Palm Cay this page | 10 | $384,990 | $274 | 85 |
| Hadley Place | 17 | $376,990 | $261 | 56 |
| Miami Land And Developmen | 9 | $370,000 | $240 | 142 |
| Fvp Subdivision | 10 | $359,950 | $262 | 90 |
| Villas Of Palm Bay | 8 | $352,500 | $332 | 63 |
| Florida City Park | 8 | $324,500 | $236 | 162 |
Medians come from active listings in each community and move as inventory turns over. They describe the homes currently for sale, not what any one home is worth.
Who It Suits
Is Palm Cay right for you?
It helps to know who Palm Cay tends to suit before you tour. Palm Cay suits a range of buyers, from first-time owners to move-up families, who want a home in Florida City with the everyday conveniences of the area close by. On price, Palm Cay lands in the middle of the market, a common fit for move-up buyers and full-time residents. Whether Palm Cay is right for you depends on how you plan to use the home, full time or seasonally, and Pure Equity can walk you through the tradeoffs before you commit.
Amenities & Lifestyle
Living in Palm Cay
Palm Cay is a residential neighborhood, and its homeowners association maintains the shared areas and community standards.
Location
Palm Cay location
Palm Cay is located in Florida City, part of Miami-Dade County, Florida. The Florida City area's shopping, dining, schools, and parks are all nearby, and the region's job centers, beaches, and airports are within driving distance.
Buying in Palm Cay
Buying a home in Palm Cay
The buying process in Palm Cay is the one used across Miami-Dade County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Miami-Dade County is about $3,516. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Florida City means you see new listings in Palm Cay the day they reach the market.
Selling in Palm Cay
Selling a home in Palm Cay
Selling a home in Palm Cay starts with pricing it correctly for current conditions. List prices in Palm Cay currently center around $384,990, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for Palm Cay owners in Florida City, so you can see what your property could sell for before you commit to listing.
Thinking of Selling?
What is your Palm Cay home worth?
Online estimates miss what makes a home different. Tell us about yours and a licensed listing agent will send you a pricing opinion based on what has actually closed near you in Palm Cay.
Listing agents and seller representation in Palm Cay
Thinking about selling in Palm Cay? The agent you pick shapes two numbers: what your home closes for, and how long it takes. A listing agent, also called a seller's agent, prices the property against what has actually closed nearby. They also prepare and market it, screen the offers that arrive, and negotiate the terms rather than just the price.
Conditions in Palm Cay sit close to balanced, which rewards sellers who price against real closed sales instead of neighboring asking prices. Homes here are averaging about 85 days from listing to accepted offer, so build that into your moving timeline.
Community-level detail matters most here. Association rules, what the fees cover, and which buildings sell fastest all affect your outcome. So does whether a buyer needs board approval before closing. None of it appears in a listing description. All of it decides whether a sale closes on time.
Pure Equity is a licensed Florida brokerage serving Palm Cay. Onias Derilus is the broker of record, Florida Real Estate Broker license BK3276618. A broker holds a higher license than an agent working under one. In practice that means the person advising you on price is also the one legally responsible for the file. That matters most when a deal gets complicated.
More on this: listing agents in Florida City · understanding your listing agreement · selling a house with a reverse mortgage
Realtors and real estate agents serving Palm Cay
People search for realtors, real estate agents, and real estate brokers more or less interchangeably. For most purposes the job title matters less than licensing and representation. Every licensed agent in Florida works under a broker. That broker carries final responsibility for the transaction.
What separates real estate professionals in Palm Cay is specificity. Can they answer questions about your street, not just your city? Ask what they have closed nearby and how they arrived at a price. A grounded answer cites particular recent sales. It also explains why those homes compare to yours. Vague reassurance is the warning sign.
More on this: how a special assessment affects your sale · how a flood zone affects your home value · selling in a difficult situation
Buyer's agents in Palm Cay
A buyer's agent represents the purchaser rather than the owner. They identify properties that actually fit and research what comparable homes sold for, not what they asked. They also advise on offer strategy. Finally, they manage inspection and financing deadlines through to closing.
Where buyers have room to negotiate, as they do in Palm Cay, the leverage is only worth something if you know where it exists and what to ask for. If you are buying and selling at the same time, which is common for people moving within Miami-Dade County, sequencing the two is its own skill: contingencies, timing, and what happens if one closing slips all need planning before either home goes on the market.
What representation costs
Real estate commissions are negotiable. No law, multiple listing service, or association sets them. If an agent tells you there is a standard rate, they are misinforming you. What you pay is agreed between you and the brokerage you hire. Get it in writing before the work begins.
Industry rules changed in 2024. Now a buyer and their agent must put compensation in a written buyer agreement before touring homes together. Sellers may still offer to contribute toward the buyer's side. However, that is negotiated rather than assumed. It is worth thinking through with your listing agent before you go live.
More on this: how commission is actually structured · reading an offer properly · handling multiple offers
Buying Instead?
Search Palm Cay with someone local
We will tell you which listings are worth your time, what comparable homes actually closed for, and how to structure an offer that holds up through inspection and financing.
Frequently asked questions
How do I find a listing agent in Palm Cay?
Ask any listing agent you interview two questions. Which homes have they closed near Palm Cay, and how did they arrive at their suggested price? A grounded answer names recent closed sales. It also explains why those homes compare to yours. With a median around $384,990 here, the gap between realistic pricing guidance and optimistic guidance is real money. Verify the license too. Florida licenses are public and searchable through the state's DBPR portal. Pure Equity is a licensed brokerage serving Miami-Dade County. You can reach the broker directly at (561) 835-5400.
What does a seller's agent actually do?
A seller's agent prices the home against comparable closed sales. Before it goes live, they advise on repairs and presentation. Then they handle photography and marketing, and put the home in front of buyers and other agents. When offers arrive, they screen them and negotiate both price and terms. Terms matter as much as the number, because inspection windows, financing contingencies, and closing dates all affect whether an offer reaches the closing table.
How much does a real estate agent cost in Palm Cay?
Commissions are fully negotiable. No law or real estate board sets them. What you pay is whatever you and your brokerage agree to in writing before work begins. Since the 2024 rule changes, buyers and their agents must agree compensation in a written buyer agreement before touring homes. Any seller contribution toward the buyer's side is negotiated rather than automatic. Ask any agent you interview to put their fee in writing.
What is the difference between a realtor, a real estate agent, and a broker?
A real estate agent holds a state license to represent buyers and sellers. A broker holds a higher-level license and can operate a brokerage. That broker also carries final legal responsibility for the office's transactions. Realtor is a membership term for agents belonging to the National Association of Realtors. For someone buying or selling in Palm Cay, three practical questions matter. Is the person licensed, who do they represent in your transaction, and what can they actually tell you about your local market?
Do I need an agent to buy a home in Palm Cay?
You are not legally required to use one, but most buyers in Palm Cay do. A buyer's agent handles the parts that are easy to get wrong. That means identifying what comparable homes actually closed for, spotting condition or association issues early, and managing inspection and financing deadlines. Even in a slower market, negotiating room is only useful if you know where it exists.
Can one agent help me sell my current home and buy the next one?
Yes. For people moving within Miami-Dade County it is often the more practical route, because one person coordinates both timelines. Sequencing is the hard part. Should your purchase be contingent on your sale? How would you cover a gap if the closings do not line up? What happens if one side is delayed? Plan all of that before either home is listed, rather than after an offer arrives.
Public Records
Look up Palm Cay property records
Anything on this page that affects what a home costs to own, assessed value, exemptions, flood zone, is published by a public agency. These are the official sources, not our summaries of them.
Miami-Dade County Property Appraiser
Assessed value, homestead exemption status, and recorded sales history for any parcel.
FEMA Flood Map Service Center
Look up the official flood zone for an address before you budget for insurance.
Florida Department of Revenue, property taxes
How Florida assesses property, and which exemptions you can claim.
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