new-construction-homes in Palmetto Bay
4 listings in Palmetto Bay
There are 4 new construction homes for sale in Palmetto Bay, Florida right now, priced from $879K to $6.5M. The median list price is $2,272,000. That puts this segment 54% above the overall Palmetto Bay median of $1,475,000 across 87 active listings.
These homes average 3,963 square feet of living area on lots averaging 0.41 acres. Average pricing runs $752 per square foot versus $639 citywide. The median year built is 2025. 100% of them include a private pool.
This segment averages 111 days on market, 28 days longer than the Palmetto Bay average of 83. 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%.
New construction here includes both builder inventory and recently completed resales. Delivery timelines, design-center allowances and CDD fees vary by community — those three items usually move the real cost more than the base price does.
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
4
Avg price
$2,980,750.00
Median price
$2,272,000.00
Price range
$879,000.00 – $6,500,000.00
Avg $/sqft
$752.10
Luxury (1M+)
3
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
4 listings in Palmetto Bay
$879,000
9320 SW 165th Street, Palmetto Bay, FL 33157 · Palmetto Bay · FL 33157
4 bd · 2 ba · 1,767 sqft
$6,500,000
14100 Old Cutler Road, Palmetto Bay, FL 33158 · Palmetto Bay · FL 33158
7 bd · 9 ba · 7,230 sqft