Miami-Dade County · Florida
Palmetto Bay Homes for Sale & Real Estate Listings
Palmetto Bay is an affluent suburban village in south Miami-Dade known for its excellent schools, large lots, and family-friendly neighborhoods.
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Palmetto Bay Market at a Glance
Live MLS · Updated Oct 14, 2026
- Active Inventory
- 105
- New Listings (30d)
- 34
- Pending Sales
- 39
- Median List Price
- $1,495,000
- Closed Sales (September)
- 38+58.3% YoY
- Median Sale Price (September)
- $1,217,500+3.4% YoY
- Months of Inventory
- 3.9
- Avg Days on Market
- 94
Residential MLS data for Palmetto Bay, updated nightly. View full market reports →
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New Construction
New construction in Palmetto Bay
Recently built communities and newer developments in Palmetto Bay, with modern floor plans, current wind-code construction, and builder warranties. Browse the newest buildings below, or see every new-construction community across South Florida.
Condos & Multi-Family
Condos, apartments & multi-family in Palmetto Bay
Condominium and apartment-style residences in Palmetto Bay, from lock-and-leave units to full-service buildings, plus multi-family and income properties for investors. Explore individual buildings below, or browse by type.
Luxury
Luxury communities in Palmetto Bay
Guard-gated estates, waterfront enclaves, and premier condominium residences in Palmetto Bay. Explore the luxury communities below, or browse luxury homes for sale across South Florida.
Communities & Buildings in Palmetto Bay
Bel Aire Sec 16
Community
Village Homes Condos At
Condominium
Casa Granada
Condominium
Royal Hrb Yacht Cl Marina
Community
Southwood
Luxury Enclave
Villagio At Palmetto Bay
Condominium
Cutler Hammock
55+ Community
Farmers Acres
55+ Community
Heritage Square
Community
Herman Hills 1st Addn
Community
Lychee Nut Grove
Community
Royal Harbour Yacht Club
Community
Allison Estates
Community
Avocado Acres
Community
Benson Park
Community
Cape Cutler Estates
Community
Carmichael Estates
Community
Carolyn Sub
Community
Chana Rose Estates
Community
Clinton Grove Ests
55+ Community
Coral Reef Estates
Community
Country Club Grove Pt
Community
Cutler Heights Estates
Community
East Hill
Community
Flamingo Gardens Estates
55+ Community
Fondren Estates
Community
Garden Groves
Community
Mangowood
Luxury Enclave
Mirelda Estates
Community
Old Cutler Creek
Community
Old Cutler Estates
Luxury Enclave
Old Cutler Palms
55+ Community
Old Cutler Villas
Community
Old Cutler Villas West
Community
Orchard Estates
Community
Paris Manor East
Community
Paris Manor West
Community
Pine Bay Estates South
Community
Pine Mnr Ests
Community
Pinewood Estates Second A
Community
Reardon Acres
Community
Royal Palm Harbor
Community
Royal Palm Harbor 2nd Add
Community
Section 21 Bel Aire
Community
Section Twenty Bel Aire
Community
Shear Groves
Community
The Landings Sec 2
55+ Community
Alan Grove Estates
Community
Avacado Acres
Community
Banyan Cove Estates
Community
Banyan Gardens
Community
Banyan Groves
Community
Banyan Woods
Community
Be Car South
Community
Bloom Acres
Community
Briarwood Estates
Community
Cambria Heights
Community
Capri Estates South
Community
Carol Hill Estates
Community
Chapman Park
Community
Browse by Zip Code in Palmetto Bay
About Palmetto Bay Real Estate
Browse Palmetto Bay homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Palmetto Bay includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Palmetto Bay listings below. Then connect with a Pure Equity agent to schedule a private showing.
Palmetto Bay offers a range of housing options across Miami-Dade County. Pure Equity lists homes in Palmetto Bay and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
There are 104 active listings for sale in Palmetto Bay right now. The median list price is $1,495,000, or about $560 per square foot. Listings span $170,000 to $9,495,000, so there is inventory across most budgets. Homes are averaging 95 days on market. These figures update from the MLS as the market moves.
Palmetto Bay is an affluent suburban village in south Miami-Dade, sitting between Pinecrest to the north and Cutler Bay to the south, and it shares much of Pinecrest's character at a slightly more attainable entry point. The market is overwhelmingly single-family, on lots that are large for the Miami area, with a housing stock that runs from original 1950s through 1970s homes to a growing number of new and substantially renovated builds. Bayfront and canal-front properties on the eastern edge near Biscayne Bay and the village's signature waterfront parks sit at the top of the market, often with dock or boating access, while the interior streets offer more space for the money. There is little high-density housing here; buyers come for yards, mature landscaping, and a family-oriented suburb rather than condos or nightlife.
The village is anchored by its parks and its bay access, with Deering Estate to the south and the chain of waterfront parks giving the eastern neighborhoods a genuine connection to Biscayne Bay that pure interior suburbs lack. Old Cutler Road threads through the area as a canopied scenic corridor lined with substantial homes, and US-1 forms the western spine with the daily shopping and services. Like Pinecrest, Palmetto Bay is largely an open grid of established neighborhoods rather than a collection of gated communities, and buyers orient by corridor and by school boundary. The eastern, bay-leaning streets and the canal-front pockets carry the premium; the western side toward US-1 offers the relative values. Top-rated schools are a central part of the pitch, and families routinely choose the village specifically for its public-school reputation.
The Palmetto Bay buyer is typically a family seeking space, schools, and a quieter suburban life within reach of downtown Miami, Coral Gables, and the airport, often after being priced out of Pinecrest or Coral Gables proper. The trade-offs are suburban: this is car-dependent, walkability is limited outside the parks, and the large lots mean real maintenance. Waterfront and low-lying eastern properties near the bay and canals warrant careful flood-zone review and carry higher insurance, while the interior generally faces lower flood risk, though Miami-Dade windstorm coverage applies across the board. For sellers, the consistent school-driven and family demand supports values, but as in neighboring Pinecrest, much of the buyer pool weighs lot size and rebuild potential, so a dated home in a strong location is frequently valued on its land and its school assignment as much as on its current condition.
Palmetto Bay Market Stats
MLS data updated October 16, 2026- Active Listings
- 104
- Median List Price
- $1,495,000
- Median $/Sq Ft
- $560
- Avg Days on Market
- 95
- Price Range
- $170,000 to $9,495,000
Palmetto Bay at a Glance
- Population
- 25,939
- Growth Since 2020
- 1.1%
- Density
- 3,131/sq mi
- Land Area
- 8.29 sq mi
Frequently Asked Questions
- How many homes are for sale in Palmetto Bay?
- There are 104 active listings for sale in Palmetto Bay right now, and these counts update from the MLS as homes come on the market and go under contract. The top of the market here asks many times the entry level, so Palmetto Bay covers very different kinds of buyer under one name. Ask us to set up a search alert and you will see new Palmetto Bay listings the day they reach the market.
- What is the median home price in Palmetto Bay?
- The median list price in Palmetto Bay is $1,495,000, or roughly $560 per square foot. The median is the midpoint of what is currently listed, so about half of Palmetto Bay homes ask more and half ask less, within a broader range of $170,000 to $9,495,000. The median sits in the lower part of that range, so most Palmetto Bay 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 Palmetto Bay cover?
- Homes for sale in Palmetto Bay currently range from about $170,000 at the entry level to $9,495,000 at the top of the market. That spread reflects the local mix, from smaller condos and townhomes up to larger single-family and luxury homes, with the median list price around $1,495,000. That is a wide spread, so Palmetto Bay genuinely holds homes at very different budgets rather than one price point. Tell us your budget and must-haves and we will send the Palmetto Bay listings that actually fit.
- How long do homes take to sell in Palmetto Bay?
- Homes in Palmetto Bay are averaging 95 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 Palmetto Bay 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.
By Price
Palmetto Bay homes by price
Rentals
Find rental properties in Palmetto Bay
Public Records
Look up Palmetto Bay 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.
Recent Sales
Recently sold homes in Palmetto Bay
These are the last 24 recorded closings in Palmetto Bay, with the price each home actually sold for rather than what it was listed at. They closed at a median of $443 per square foot. The most recent closed on October 15, 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$883,000
Sold · October 15, 2026
8425 SW 174th Street
4 bed · 3 bath · 1,993 sqft · $443/sqft
$41,999 under the asking price
Sold$1,915,000
Sold · October 14, 2026
8600 SW 162nd Street
6 bed · 3 bath · 3,369 sqft · $568/sqft
$84,000 under the asking price
Sold$1,150,000
Sold · October 13, 2026
8241 SW 146th Street
4 bed · 4 bath · 2,858 sqft · $402/sqft
$300,000 under the asking price
Sold$1,800,000
Sold · October 13, 2026
5996 Paradise Point Drive
3 bed · 4 bath · 3,885 sqft · $463/sqft
$50,000 under the asking price
Sold$922,000
Sold · October 9, 2026
15200 SW 88th Avenue
3 bed · 2 bath · 2,536 sqft · $364/sqft
$227,000 under the asking price
Sold$1,600,000
Sold · October 5, 2026
8625 SW 147th Street
4 bed · 4 bath · 2,210 sqft · $724/sqft
$50,000 under the asking price
| Address | Closed | Sold for | Beds / baths | Sq ft | $/sq ft |
|---|---|---|---|---|---|
| 8445 SW 181st Terrace | October 5, 2026 | $940,000 | 4 / 3 | 2,190 | $429 |
| 17721 SW 93rd Avenue | October 5, 2026 | $810,000 | 3 / 2 | 1,651 | $491 |
| 7439 SW 168th Terrace | October 4, 2026 | $1,620,000 | 5 / 4.5 | 4,527 | $358 |
| 15100 SW 89th Court | October 1, 2026 | $805,000 | 3 / 2 | 1,512 | $532 |
| 18145 SW 95th Court | October 1, 2026 | $770,000 | 3 / 2 | 1,914 | $402 |
| 6100 Paradise Point Drive | September 30, 2026 | $2,200,000 | 4 / 4.5 | 3,865 | $569 |
| 13700 SW 74th Court | September 30, 2026 | $1,700,000 | 5 / 3 | - | - |
| 7850 SW 160th Street | September 30, 2026 | $1,165,000 | 4 / 2 | 2,258 | $516 |
| 14975 SW 89th Avenue | September 30, 2026 | $1,000,000 | 4 / 2.5 | 2,926 | $342 |
| 16615 SW 82nd Court | September 25, 2026 | $1,880,000 | 5 / 4 | 3,276 | $574 |
| 17711 SW 81st Court | September 23, 2026 | $1,300,000 | 4 / 4 | 3,738 | $348 |
| 9057 SW 161st Terrace | September 21, 2026 | $776,000 | 4 / 3 | 2,413 | $322 |
| 8200 SW 182nd Street | September 21, 2026 | $1,200,000 | 4 / 3 | 3,072 | $391 |
| 8865 SW 176th Terrace | September 21, 2026 | $1,345,000 | 4 / 3 | 2,379 | $565 |
| 17320 SW 89th Avenue | September 18, 2026 | $850,000 | 5 / 3 | 2,565 | $331 |
| 14270 SW 74th Court | September 18, 2026 | $1,575,000 | 4 / 2 | 2,324 | $678 |
| 16070 SW 89th Ave Road | September 15, 2026 | $980,000 | 4 / 3 | 2,148 | $456 |
| 7885 SW 179th Terrace | September 15, 2026 | $1,275,000 | 4 / 3.5 | 3,056 | $417 |
See every recorded sale in Palmetto Bay or find out what your Palmetto Bay home is worth.
Selling in Palmetto Bay
Selling a home in Palmetto Bay
A successful sale in Palmetto Bay comes down to pricing, presentation, and marketing. List prices in Palmetto Bay currently center around $1,495,000, 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 Palmetto Bay owners, so you can see what your property could sell for before you commit to listing.
Buying in Palmetto Bay
Buying a home in Palmetto Bay
Buying in Palmetto Bay follows the same path as the rest of 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 Palmetto Bay means you see new listings here the day they reach the market.
Thinking of Selling?
What is your Palmetto Bay 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 Palmetto Bay.
Listing agents and seller representation in Palmetto Bay
Thinking about selling in Palmetto Bay? 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 Palmetto Bay currently favor sellers, which is exactly when overpricing does the most damage. A strong market still punishes a listing that starts too high, because the early weeks draw the most qualified buyers and a home that goes stale invites lower offers later. Homes here are averaging about 95 days from listing to accepted offer, so build that into your moving timeline.
Local knowledge shows up in the details. Which streets hold value, how the association or flood zone affects a given address, and which recent sales genuinely compare to yours.
Pure Equity is a licensed Florida brokerage serving Palmetto Bay. 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: questions to ask a listing agent · selling a home in a 55 and over community
Realtors and real estate agents serving Palmetto Bay
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 Palmetto Bay 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: appraisal vs CMA: which number should you trust? · zestimate vs CMA: how accurate are online estimates? · taxes and money when you sell
Buyer's agents in Palmetto Bay
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 sellers hold leverage, as they do in Palmetto Bay, buyers often get one chance to put a well-structured offer forward, so preparation counts more than patience. 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 · tax on the sale, and who actually answers it · timing a listing in the Florida market
Buying Instead?
Search Palmetto Bay 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 Palmetto Bay?
Ask any listing agent you interview two questions. Which homes have they closed near Palmetto Bay, 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 $1,495,000 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 Palmetto Bay?
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 Palmetto Bay, 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 Palmetto Bay?
You are not legally required to use one, but most buyers in Palmetto Bay 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. In a competitive market that guidance matters more, because you often get one chance to put your best offer forward.
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.