Homes for sale in
Palmetto Bay, Florida
Coastal suburban living south of Miami
116
Homes for sale
$1,437,000
Median list price
$539
Avg price / sqft
67
Median days on market
Palmetto Bay sits along Biscayne Bay in the southern reaches of Miami-Dade County, a leafy village built around large lots, mature tree canopy, and easy access to the water. It's a family-oriented pocket where single-family homes dominate the landscape and top-rated schools like Coral Reef and Howard Drive draw buyers who plan to put down roots. The pace is quieter than the city, but you're still a short drive from everything South Miami and the coast offer.
This is largely a luxury market: with 84 of 116 active listings priced above $1M and a median list price of $1,437,000, most buyers here are shopping in seven figures. That said, there's more range than the median suggests — condos and townhomes start well below that, and the waterfront homes run to the very top of the market. Homes are taking a median 66.5 days to sell and sellers are netting about 95% of asking, so there's room to negotiate if you come prepared.
Palmetto Bay is in Miami-Dade County, Florida.
Within a 30-minute drive
Quick facts
$174,900 – $9.5M price range
2,492 sqft median home
$3,300/mo median rent
Leans buyer right now
Fresh on the market
Newest homes in Palmetto Bay
View all 116 homes →
$1,970,000
16615 SW 82nd Ct, Palmetto Bay FL 33157, PALMETTO BAY
5 bd · 4 ba · 3,276 sqft
$325,000
14500 SW 88th Ave # 247, Palmetto Bay FL 33176, PALMETTO BAY
2 bd · 2 ba · 835 sqft
$1,975,000
6112 Paradise Point Dr, Palmetto Bay FL 33157, PALMETTO BAY
4 bd · 4 ba · 2,801 sqft
$1,495,000
6209 Paradise Point Dr, Palmetto Bay FL 33157, PALMETTO BAY
3 bd · 2.5 ba · 2,826 sqft
$2,500,000
15321 SW 82nd Ave, Palmetto Bay FL 33157, PALMETTO BAY
6 bd · 4 ba · 3,467 sqft
$1,250,000
7850 SW 160th Street, Palmetto Bay FL 33157, PALMETTO BAY
4 bd · 2 ba · 2,258 sqft
$2,599,000
15201 SW 74th Pl, Palmetto Bay FL 33157, PALMETTO BAY
5 bd · 4 ba · 4,614 sqft
$975,000
7452 SW 166th Ter, Palmetto Bay FL 33157, PALMETTO BAY
3 bd · 2 ba · 1,386 sqft
$1,350,000
8440 SW 180th St, Palmetto Bay FL 33157, PALMETTO BAY
4 bd · 3 ba · 2,247 sqft
$669,000
18225 SW 94th Ave, Palmetto Bay FL 33157, PALMETTO BAY
3 bd · 2 ba · 1,078 sqft
$1,200,000
14975 SW 89th Ave, Palmetto Bay FL 33176, PALMETTO BAY
4 bd · 2.5 ba · 2,926 sqft
$2,050,000
14675 SW 78th Ave, Palmetto Bay FL 33158, PALMETTO BAY
4 bd · 3 ba · 2,981 sqft
116 of 116 active listings shown
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Property features
The numbers that matter
The Palmetto Bay market
Leans buyer
8.3 months of inventory
Inventory is building — buyers have leverage and time.
305
Sold, last 12 months
$1,100,000
Median sold price
95%
Sale-to-list ratio
What sellers actually get vs asking
55 days
Median time to sell
Palmetto Bay vs Miami-Dade County
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▲ 6.0% yr/yr
Homes on the market
▲ 13800.0% yr/yr
Homes sold per month
Live Stellar MLS data — listings and closed sales in Palmetto Bay, FL. Rolling medians smooth single-month swings in thin markets.
For the school run
School zones with homes for sale
Elementary
High school
Assigned schools as reported on active MLS listings — always verify zoning with the district.
Beyond the listings
Living in Palmetto Bay
A single-family stronghold
Of 116 active listings, 97 are single-family houses on generous lots, making this one of South Miami-Dade's most house-focused villages.
Biscayne Bay access
Thirteen active waterfront listings put you on or near the bay, including boater-friendly options around Royal Harbour Yacht Club.
Schools that anchor value
Assigned schools include the highly regarded Coral Reef and Howard Drive, a major draw for families choosing the area.
Room in the entry market
With condos and townhomes starting from $174,900, there are ways into Palmetto Bay well below the luxury median.
A negotiable market
Homes sit a median 66.5 days and sellers take about 95% of asking, giving informed buyers real leverage.
Population
24,247
Median age
41.6
Median income
$143,368
Median home value
$787,000
What people here are into
Relationships
Top 14% in the U.S.Networking
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Lifestyles
Top 20% in the U.S.Wealth Signaling
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Entertainment
Top 21% in the U.S.Party Life
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Attitudes
Top 22% in the U.S.Deal Seekers
These people are hunting discounts, contests, and promotions. The population loves a good sale, and they can't wait to share their bargain finds and winnings with friends and family.
Emotional
Happy Place
Expressing feelings of safety, comfort and happiness - especially with loved ones.
Entertainment
Lighthearted Fun
This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.
What it really costs
Owning here
Owning the median Palmetto Bay home
≈ $8,535/mo
$1,437,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
0%
In a FEMA flood zone
Most homes here sit outside high-risk zones
$3,300/mo
Median rent
64 homes for rent right now
Straight answers
Palmetto Bay real estate FAQs
Is Palmetto Bay a good place to live?+
It's a quiet, family-oriented village on Biscayne Bay with large lots, mature tree cover, and strong assigned schools including Coral Reef and Howard Drive. The housing stock leans heavily toward single-family homes — 97 of 116 active listings — so it suits buyers who want space and stability over city bustle.
Is Palmetto Bay expensive?+
Yes, it's a luxury-leaning market: the median list price is $1,437,000 and 84 of 116 active listings are priced above $1M. That said, listings span from $174,900 up to $9,495,000, so there's a wide range if you browse by price.
What do homes cost in Palmetto Bay?+
Over the last 12 months, 305 homes sold at a median price of $1,100,000, while active listings carry a higher median list of $1,437,000. Prices average about $539 per square foot on a median home size of 2,492 sqft, and the luxury homes ($1m+) make up the bulk of what's for sale.
How is the market right now?+
There are 116 active listings and homes are taking a median 66.5 days to sell, so it's not a frantic market. Sellers are getting about 95% of asking on average, which means well-prepared buyers have room to negotiate — and it's worth watching the just reduced listings.
What about HOA fees and property taxes?+
Most homes here are single-family houses without HOA dues, so there's no meaningful median HOA figure for the area. Property taxes run around $9,047 per year at the median, in line with a market where the typical home trades above $1M.
Keep exploring
Nearby areas
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS. Market statistics are computed from listing and sold data and change as the market moves.
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