Palmetto Bay Homes for Sale under $5M

90 listings
13880 SW 68th Ave, Palmetto Bay, FL 33158
Newly Listed

House for Sale

$3,900,000

7 bd · 7 ba · 5,551 sqft

13880 SW 68th Ave, Palmetto Bay, FL 33158

UNPLATTED

13900 Old Cutler Rd, Palmetto Bay, FL 33158
Newly Listed

House for Sale

$3,400,000

4 bd · 4 ba · 2,789 sqft

13900 Old Cutler Rd, Palmetto Bay, FL 33158

FARMERS ACRES

17015 SW 74th Ave, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$3,300,000

5 bd · 7 ba · 3,839 sqft

17015 SW 74th Ave, Palmetto Bay, FL 33157

OLD CUTLER PALMS

6721 SW 140th St, Palmetto Bay, FL 33158
161 Days on Market

House for Sale

$3,300,000

5 bd · 5 ba · 5,079 sqft

6721 SW 140th St, Palmetto Bay, FL 33158

SHEAR GROVES SOUTH

15755 SW 90th Ave, Palmetto Bay, FL 33157
246 Days on Market

House for Sale

$2,795,000

5 bd · 4 ba · 0 sqft

15755 SW 90th Ave, Palmetto Bay, FL 33157

UNPLATTED

8440 SW 182nd Ter, Palmetto Bay, FL 33157
51 Days on Market

House for Sale

$2,699,000

5 bd · 3 ba · 3,614 sqft

8440 SW 182nd Ter, Palmetto Bay, FL 33157

SECTION 22 BEL-AIRE

7440 SW 174th St, Palmetto Bay, FL 33157
18 Days on Market

House for Sale

$2,475,500

5 bd · 4 ba · 4,080 sqft

7440 SW 174th St, Palmetto Bay, FL 33157

CUTLER HAMMOCK

17640 Old Cutler Rd, Palmetto Bay, FL 33157
77 Days on Market

House for Sale

$2,399,000

5 bd · 4 ba · 3,582 sqft

17640 Old Cutler Rd, Palmetto Bay, FL 33157

REARDON ACRES

8111 SW 178th St, Palmetto Bay, FL 33157
67 Days on Market

House for Sale

$2,395,000

4 bd · 4 ba · 3,662 sqft

8111 SW 178th St, Palmetto Bay, FL 33157

TRIPLE C ESTATES

8920 SW 162nd Ter, Palmetto Bay, FL 33157
112 Days on Market

House for Sale

$2,375,000

6 bd · 5 ba · 3,944 sqft

8920 SW 162nd Ter, Palmetto Bay, FL 33157

THE LANDINGS SEC 2

15321 SW 82nd Ave, Palmetto Bay, FL 33157
23 Days on Market

House for Sale

$2,350,000

6 bd · 4 ba · 3,467 sqft

15321 SW 82nd Ave, Palmetto Bay, FL 33157

EASTGROVE ESTATES SEC 1

15144 SW 72nd Ct, Palmetto Bay, FL 33158
110 Days on Market

House for Sale

$2,200,000

5 bd · 4 ba · 3,200 sqft

15144 SW 72nd Ct, Palmetto Bay, FL 33158

OLD CUTLER ESTATES SEC 4

6234 Paradise Point Drive # 6234, Palmetto Bay, FL 33157
60 Days on Market

Townhome for Sale

$2,200,000

4 bd · 6 ba ·

6234 Paradise Point Drive # 6234, Palmetto Bay, FL 33157

Royal Harbour Yacht Club

17615 SW 80th, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$2,075,000

4 bd · 4 ba · 3,817 sqft

17615 SW 80th, Palmetto Bay, FL 33157

ALLISON ESTATES

5990 Paradise Point Dr, Palmetto Bay, FL 33157
64 Days on Market

Townhome for Sale

$1,995,000

4 bd · 3 ba · 2,651 sqft

5990 Paradise Point Dr, Palmetto Bay, FL 33157

Royal Harbour Yacht Club

15625 SW 73rd Ct, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$1,990,000

5 bd · 4 ba · 3,641 sqft

15625 SW 73rd Ct, Palmetto Bay, FL 33157

PINE BAY ESTATES SOUTH

8445 SW 163rd Ter, Palmetto Bay, FL 33157
41 Days on Market

House for Sale

$1,929,000

6 bd · 5 ba · 3,971 sqft

8445 SW 163rd Ter, Palmetto Bay, FL 33157

MIRELDA ESTATES

14675 SW 78th Ave, Palmetto Bay, FL 33158
14 Days on Market

House for Sale

$1,900,000

4 bd · 3 ba · 2,981 sqft

14675 SW 78th Ave, Palmetto Bay, FL 33158

ROYAL PALM HARBOR 2ND ADD

17701 SW 87th Ave, Palmetto Bay, FL 33157
72 Days on Market

House for Sale

$1,899,000

5 bd · 4 ba · 2,714 sqft

17701 SW 87th Ave, Palmetto Bay, FL 33157

B-R SUB

7521 SW 175th St, Palmetto Bay, FL 33157
16 Days on Market

House for Sale

$1,895,000

5 bd · 4 ba · 2,722 sqft

7521 SW 175th St, Palmetto Bay, FL 33157

CUTLER HAMMOCK

8845 SW 176th Ter, Palmetto Bay, FL 33157
111 Days on Market

House for Sale

$1,850,000

4 bd · 3 ba · 2,813 sqft

8845 SW 176th Ter, Palmetto Bay, FL 33157

PINEWOOD ESTATES SECOND A

13840 SW 74th Ave, Palmetto Bay, FL 33158
Newly Listed

House for Sale

$1,850,000

5 bd · 3 ba · 3,105 sqft

13840 SW 74th Ave, Palmetto Bay, FL 33158

PINE MNR ESTS

13780 SW 73rd Ct, Palmetto Bay, FL 33158
99 Days on Market

House for Sale

$1,799,000

6 bd · 4 ba · 4,147 sqft

13780 SW 73rd Ct, Palmetto Bay, FL 33158

PINE MNR ESTS

15305 SW 78th Ct, Palmetto Bay, FL 33157
33 Days on Market

House for Sale

$1,795,000

4 bd · 3 ba · 2,500 sqft

15305 SW 78th Ct, Palmetto Bay, FL 33157

EASTGROVE ESTATES SEC FOU

Talk to a local agent

Looking at Palmetto Bay Homes for Sale under $5M?

Tell us what you're after — we'll send matching homes, off-market options and recent sales, and set up private showings.

Matthew Gromadzki, Real Estate Broker
Matthew Gromadzki
Real Estate Broker
(786) 370-8570
Send a message

We reply the same day.

By submitting you agree to be contacted about your inquiry. No spam, ever.

Live MLS inventory in Palmetto Bay, updated continuously. Florida Lux Real Estate currently tracks 90 active listings here. MLS inventory updated October 12, 2026.

Homes for Sale under $5M in Palmetto Bay: What to Know Before You Search

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.

Setting the ceiling at $5.0M turns Palmetto Bay into a value hunt — and the value tends to hide in specific corners: an older building whose fees undersell its address, a property type the market keeps overlooking, a block just off the prime grid. Known for bayside family living with parks and strong schools, Palmetto Bay always has an under-the-radar pocket, and this page keeps every listing beneath the cap in one place so none of it slips past you.

Palmetto Bay Market Snapshot

323
Homes sold, last 12 months
$1.1M
Median sale price
54 days
Median time on market

Frequently Asked Questions

What can I realistically buy in Palmetto Bay under $5.0M?

The honest inventory is right here, updated continuously, and the mix shifts month to month. As a rule of thumb condos stretch a capped budget furthest, townhomes buy the most space, and houses under a ceiling trade quickest. We'll tell you candidly which listings are priced low for a reason.

What costs sit beyond the price in Palmetto Bay?

Budget association dues on condos and townhomes, insurance that shifts with roof age and flood zone, and buyer closing costs of roughly two to three percent. We build a true monthly-cost sheet for any listing before you offer, so your ceiling still holds after closing.

How do I arrange a showing in Palmetto Bay?

Each listing on this page carries an inquiry form that goes straight to our brokerage — or reach us at +1 786-370-8570. We schedule private tours to fit your calendar and run live video walkthroughs for buyers relocating from out of state, with no obligation attached.

Discover Your Perfect Home

Homes for Sale under $5M in Nearby Cities
Select Property Type
Palmetto Bay Condos for Sale by Type & Price
Bedroom Size Homes in Palmetto Bay
Homes by Price in Palmetto Bay
Lifestyle & New in Palmetto Bay
Rentals in Palmetto Bay
Homes Nearby Palmetto Bay: Neighborhoods
Homes Nearby Palmetto Bay: Cities
Homes Nearby Palmetto Bay: ZIP Codes