The Palmetto Bay market offers 87 active listings. Median price is $1,475,000. Typical range: $541,940 to $2,396,600. Property mix: 76 single-family, 6 condo, 5 townhome. Average price per square foot is $639. There are 61 luxury listings ($1M+). Over the last twelve months, 88 sales closed in Palmetto Bay. The median closed price was $1,200,000. Homes took an average of 85 days to go under contract. Closed prices averaged 93.9% of the asking price. Roughly 18.2% of inventory sells each month. Inventory in Palmetto Bay covers a range of features. 6 of the homes for sale in Palmetto Bay sit on waterfront lots. 66 listings include a private pool. 70 come with garage parking. 22 are located in 55+ communities. 21 carry a homeowners association. On the rental side, Palmetto Bay has 73 homes for rent, with a median asking rent of $2,807 per month. Eight in ten of those fall between $1,678 and $10,500. That is about $2.85 per square foot. Active communities in Palmetto Bay include Villagio AT Palmetto Bay, Coral Reef Estates, Royal Harbour Yacht Club and Atlantico AT Palmetto Bay. Figures reflect MLS data as of 2026-09-22. Palmetto Bay is in Miami-dade County.
Homes for Sale in Palmetto Bay, FL
87 listings in Palmetto Bay
Listings in Palmetto Bay
Active · Palmetto Bay
$2,375,000
8920 SW 162nd Terrace, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
6 bd · 5 ba · 3,944 sqft
WaterfrontPool
View detailsActive · Palmetto Bay
$1,275,000
16842 SW 79 Place, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
4 bd · 3 ba · 2,818 sqft
Pool
View detailsActive · Palmetto Bay
$1,375,000
7880 SW 180th Terrace, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
4 bd · 3 ba · 2,850 sqft
Pool
View detailsActive · Palmetto Bay
$3,300,000
6721 SW 140th Street, Palmetto Bay, FL 33158 · Palmetto Bay · FL 33158
5 bd · 5 ba · 5,079 sqft
Pool
View detailsActive · Palmetto Bay
$1,699,999
7801 SW 170th Street, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
5 bd · 4 ba · 3,756 sqft
Pool
View detailsActive · Palmetto Bay
$1,495,000
8520 SW 151st Street, Palmetto Bay, FL 33158 · Palmetto Bay · FL 33158
4 bd · 3 ba · 2,156 sqft
Pool
View detailsActive · Palmetto Bay
$879,000
9320 SW 165th Street, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
4 bd · 2 ba · 1,767 sqft
Pool
View detailsMarket overview
Total active
87
Avg price
$1,608,502.23
Median price
$1,475,000.00
Price range
$261,000.00 – $9,495,000.00
Avg $/sqft
$639.13
Luxury (1M+)
61
Palmetto Bay, FL, has 87 active home listings. The median list price is $1,475,000. Most homes are priced between $541,940 and $2,396,600. Inventory is led by single family. 61 listings are priced at $1M or above. All data reflects the current Palmetto Bay market in Miami-dade County. Browse all 87 current listings in Palmetto Bay.
Palmetto Bay market data
| Homes for sale | 87 |
|---|---|
| Median price | $1,475,000 |
| Typical range (8 in 10) | $541,940 – $2,396,600 |
| Price per square foot | $639 |
| Luxury listings ($1M+) | 61 |
| Homes for rent | 73 |
| Median rent | $2,807/mo |
| Rent range (8 in 10) | $1,678 – $10,500 |
| Rent per square foot | $2.85 |
| Waterfront | 6 |
| With private pool | 66 |
| In 55+ communities | 22 |
MLS data as of September 22, 2026.
Palmetto Bay is one of the most sought-after destinations in South Florida, with a unique blend of coastal lifestyle and established communities.
Diverse inventory across single-family and condos, with robust HOAs in gated communities.
Frequently asked questions
- Should I buy with HOA or without HOA in Palmetto Bay?
- Depends on lifestyle. HOA covers common-area maintenance and rules but adds amenities and a controlled neighborhood. No-HOA means more freedom but full maintenance responsibility.
- How do property taxes work in Palmetto Bay?
- Florida has no state income tax, but local property tax runs about 1-2% of assessed value yearly. Exemptions like Homestead reduce this amount.
- Is Palmetto Bay a good place for Latin American investors?
- Yes. It combines Florida regulatory stability, sustained rental demand, and proximity to airports with direct Latin America connectivity. The key: choose communities with a healthy HOA and a realistic cap rate.
📡
Market Pulse
Based on 88 closed sales in Palmetto Bay · last 12 months
💰
Median Sold Price
$1,200,000
from closed sales
📅
Avg. Days on Market
85 days
from list to contract
📊
Absorption Rate
18.2%
of inventory sold per month
🎯
Sale-to-List Ratio
93.9%
of asking price
Source: Spark MLS · Updated every 6h
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