Luxury Homes in Palmetto Bay, FL
61 listings in Palmetto Bay
There are 61 luxury homes for sale in Palmetto Bay, Florida right now, priced from $1.1M to $9.5M. The median list price is $1,699,999. That puts this segment 15% above the overall Palmetto Bay median of $1,475,000 across 87 active listings.
These homes average 3,000 square feet of living area on lots averaging 0.44 acres. Average pricing runs $682 per square foot versus $639 citywide. The median year built is 1977. 95% of them include a private pool.
This segment averages 79 days on market. The median closed-sale price in Palmetto Bay is $1,200,000. Deals close at 93.9% of list price. The absorption rate is 18.2%.
The largest concentration is in Royal Harbour Yacht Club, with 3 available listings. The rest is spread across 52 other communities and 2 ZIP codes.
At this tier a meaningful share of inventory trades off-market or with delayed MLS exposure. Comparable sales are thin, so pricing depends on recent closings in the specific enclave rather than city-wide averages.
María Delgado works the South Florida market daily and can send you the full list with photos, association documents and recent comparables — in English or Spanish.
Market overview
Total active
61
Avg price
$2,012,286.82
Median price
$1,699,999.00
Price range
$1,060,000.00 – $9,495,000.00
Avg $/sqft
$681.96
Luxury (1M+)
61
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
61 listings in Palmetto Bay
$2,375,000
8920 SW 162nd Terrace, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
6 bd · 5 ba · 3,944 sqft
$1,275,000
16842 SW 79 Place, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
4 bd · 3 ba · 2,818 sqft
$1,375,000
7880 SW 180th Terrace, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
4 bd · 3 ba · 2,850 sqft
$3,300,000
6721 SW 140th Street, Palmetto Bay, FL 33158 · Palmetto Bay · FL 33158
5 bd · 5 ba · 5,079 sqft
$1,699,999
7801 SW 170th Street, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
5 bd · 4 ba · 3,756 sqft
$1,495,000
8520 SW 151st Street, Palmetto Bay, FL 33158 · Palmetto Bay · FL 33158
4 bd · 3 ba · 2,156 sqft
$1,399,000
17631 SW 77th Avenue, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
4 bd · 2 ba · 2,230 sqft