
Palmetto Bay, FL Real Estate Guide
South of Pinecrest along the bay, Palmetto Bay is a family village of larger lots, A-rated schools and the waterfront parks carved from the old Cutler estates. It offers much of what its northern neighbor does at more approachable pricing.
Palmetto Bay Market Snapshot
Every figure below is computed from closed MLS transactions in Palmetto Bay over the trailing twelve months — what buyers and tenants actually paid, not asking prices — and refreshes continuously.
| Bedrooms | Sales | Median price |
|---|---|---|
| 1 bd | 10 | $180,000 |
| 2 bd | 12 | $335,000 |
| 3 bd | 80 | $847,500 |
| 4 bd | 145 | $1,190,000 |
| 5+ bd | 64 | $1,737,500 |
| Type | Sales | Median price |
|---|---|---|
| Single Family Residence | 287 | $1,160,000 |
| Condominium | 16 | $192,500 |
| Townhouse | 8 | $643,000 |
| Month | Homes sold | Median price |
|---|---|---|
| Sep 2025 | 29 | $1,160,000 |
| Oct 2025 | 26 | $1,150,000 |
| Nov 2025 | 18 | $1,150,000 |
| Dec 2025 | 28 | $977,500 |
| Jan 2026 | 20 | $1,192,500 |
| Feb 2026 | 25 | $1,050,000 |
| Mar 2026 | 25 | $890,000 |
| Apr 2026 | 26 | $1,282,500 |
| May 2026 | 30 | $1,075,000 |
| Jun 2026 | 46 | $1,347,500 |
| Jul 2026 | 25 | $1,075,000 |
| Aug 2026 | 13 | $1,595,000 |
| Bedrooms | Leases | Median rent |
|---|---|---|
| 1 bd | 25 | $1,750/mo |
| 2 bd | 47 | $2,200/mo |
| 3 bd | 52 | $4,350/mo |
| 4 bd | 64 | $6,500/mo |
| 5+ bd | 23 | $9,000/mo |
Living in Palmetto Bay
Palmetto Bay is south Dade's village of parks — twenty-four thousand residents between Old Cutler Road and Biscayne Bay who incorporated in 2002 largely to hold their corner of the county exactly as it was: single-family, tree-vaulted, school-obsessed and built around an almost implausible density of green space. The Deering Estate anchors the bayfront, Coral Reef Park anchors family life, and the village's civic energy goes into fields, trails and the kind of code enforcement that keeps the swales mowed.
The draw is the south-Dade schools triangle at gentler prices than Pinecrest next door: the Coral Reef Elementary and Southwood magnet pipeline plus two of the county's leading private schools inside village limits. Palmetto Bay families trade away nightlife and condos — there are essentially neither — for bayside canopy living where the biggest weekend call is Deering's trails versus the sailing club.
Palmetto Bay Neighborhoods & Housing Stock
East of Old Cutler sits the premium band: the estate streets running toward the mangrove preserve — a few with bay access along the village's limited canal reach — and the gated pockets off the Deering corridor where new construction supplants 1960s ranches one lot at a time. The middle of the village between Old Cutler and US-1 holds the classic stock: generous quarter-acre-plus lots, low-slung ranches and two-stories, renovated in waves as families move up within the village.
West of US-1, the sections toward the Franjo triangle hold the entry tier and the village's small townhome supply, plus the emerging downtown-village district where the only mixed-use construction is allowed. Pricing runs on the usual south-Dade inputs — lot size, school zone and hurricane-era construction vintage — with the bay-east premium doing the heavy lifting.
Location & Getting Around
Palmetto Bay runs along the Old Cutler-US-1 corridor a half hour south of Brickell — closer when the South Dade Transitway's buses use their dedicated lanes. Dadeland and Baptist Hospital's medical campus are fifteen minutes north, the Falls nearer still, and the weekend geography is enviable: Black Point's marina five minutes south, Matheson and Fairchild fifteen north, the Keys an hour down US-1. The village itself stays deliberately quiet — through-traffic is engineered out.
Buying a Home in Palmetto Bay
A smart Palmetto Bay purchase begins with knowing what moves its market: bayside family living with parks and strong schools. Use the bedroom and property-type tables above to benchmark the segment you're shopping, then open the live map search to see what's on the market right now — every listing links through to full photos, details and a direct line to a licensed Florida broker.
In Florida, a financed purchase generally closes in 30 to 45 days, while an all-cash deal can wrap in as little as two weeks. A condo adds a board-approval step, and anything near the water carries insurance questions worth pricing before you write an offer — both are routine parts of a Palmetto Bay transaction when you plan for them early.
Renting in Palmetto Bay
Rentals turn over faster than sales — a well-priced Palmetto Bay unit is often under lease within weeks, and most annual leases ask for first month, last month and a security deposit up front. The rent tables above show what tenants actually committed to by bedroom count over the past year, and the live rental search lists every home and condo on offer today.
Featured Listings in Palmetto Bay
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Things to Do & Places to See in Palmetto Bay
Charles Deering's 1920s bayfront estate and preserve, with house tours, archaeology, kayak launches and concerts on the bay.
The village's flagship park of fields, trails and the Saturday soccer universe.
The restored bayfront villa and lawn, the village's wedding and sunset spot.
The neighborhood green web behind the parks-village nickname.
The banyan tunnel linking the village to Matheson and Fairchild.
The county marina at the village's southern door, the gateway to south Biscayne Bay.
Dining in Palmetto Bay
The emerging café-and-bistro pocket in the village's downtown triangle.
Family Italian, Latin grills and breakfast counters strung along the highway edge.
Dockside seafood at the marina, the boaters' Sunday.
Captain's Tavern, Anacapri and the rest, ten minutes north.
Estate dinners and food-truck nights out on the bay lawn.
Schools in Palmetto Bay
The A-rated elementary at the heart of village demand.
The arts-magnet middle school that pulls from across the county.
The flagship high school pipeline that most of the village feeds.
The Episcopal 6-12 independent set on its village campus.
The PK-12 Christian school within the village.
Attendance boundaries shift over time — always confirm the assigned schools for a specific address with the county school district, and verify private-school admissions directly, before you rely on either in a purchase decision.
Palmetto Bay Real Estate FAQ
Is Palmetto Bay a good place to buy a home?
Palmetto Bay is known for bayside family living with parks and strong schools, and that character is what sustains demand over time. Let the figures on this page do the arguing — real closed sales, the median sale price, and how long homes sat before selling over the trailing twelve months.
What is the median home price in Palmetto Bay?
The snapshot above reports the current 12-month median sale price for Palmetto Bay, together with price per square foot and medians split out by bedroom count and property type. Every figure is calculated from closed MLS sales and refreshed continuously — not lifted from a report that's already months old.
Condo or house in Palmetto Bay — which should I buy?
The property-type table above breaks Palmetto Bay sales into condos, single-family homes and townhomes, and shows where each segment's median landed over the past year. A condo brings monthly association dues and a board-approval step; a house carries its own insurance and upkeep. Each property type has its own live search page linked below.
Where can I see every home for sale in Palmetto Bay?
Open the Palmetto Bay map search — it shows every active MLS listing in the city, updated continuously, with the city boundary traced on the map and filters for property type, bedrooms and price.
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Palmetto Bay Condos for Sale by Type & Price
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