Palmetto Bay Homes for Sale under $5M

91 listings
8331 SW 156th St, Palmetto Bay, FL 33157
10 Days on Market

House for Sale

$1,295,000

4 bd · 2 ba · 1,832 sqft

8331 SW 156th St, Palmetto Bay, FL 33157

SOUTHWOOD

15922 SW 83rd Ct, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$1,275,000

4 bd · 3 ba · 2,101 sqft

15922 SW 83rd Ct, Palmetto Bay, FL 33157

SOUTHWOOD

16401 SW 82nd Ave, Palmetto Bay, FL 33157
21 Days on Market

House for Sale

$1,274,500

4 bd · 2 ba · 2,081 sqft

16401 SW 82nd Ave, Palmetto Bay, FL 33157

SOUTHWOOD 8TH ADDN

16445 SW 80th Ave, Palmetto Bay, FL 33157
162 Days on Market

House for Sale

$1,268,000

4 bd · 2 ba · 2,680 sqft

16445 SW 80th Ave, Palmetto Bay, FL 33157

AVOCADO ACRES

17550 SW 86th Ave, Palmetto Bay, FL 33157
9 Days on Market

House for Sale

$1,175,000

4 bd · 3 ba · 2,264 sqft

17550 SW 86th Ave, Palmetto Bay, FL 33157

MALBROOK

15725 SW 89th Ave, Palmetto Bay, FL 33157
29 Days on Market

House for Sale

$1,175,000

4 bd · 2 ba · 2,158 sqft

15725 SW 89th Ave, Palmetto Bay, FL 33157

CORAL REEF ESTATES

8840 SW 181st Ter, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$1,150,000

3 bd · 2 ba · 1,512 sqft

8840 SW 181st Ter, Palmetto Bay, FL 33157

SECTION 21 BEL-AIRE

8325 SW 164th Ter, Palmetto Bay, FL 33157
21 Days on Market

House for Sale

$1,099,000

4 bd · 2 ba · 2,147 sqft

8325 SW 164th Ter, Palmetto Bay, FL 33157

SOUTHWOOD 5TH ADDN

13820 SW 74th Ct, Palmetto Bay, FL 33158
Newly Listed

House for Sale

$1,095,000

3 bd · 2 ba · 1,569 sqft

13820 SW 74th Ct, Palmetto Bay, FL 33158

HERMAN HEIGHTS SEC 1

17400 SW 89th Ct, Palmetto Bay, FL 33157
9 Days on Market

House for Sale

$1,050,000

4 bd · 3 ba · 1,918 sqft

17400 SW 89th Ct, Palmetto Bay, FL 33157

HERMAN HILLS 1ST ADDN

8815 SW 160th St, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$1,049,000

4 bd · 2 ba · 1,936 sqft

8815 SW 160th St, Palmetto Bay, FL 33157

CORAL REEF ESTATES

15815 SW 85th Ave, Palmetto Bay, FL 33157
212 Days on Market

House for Sale

$999,000

3 bd · 2 ba · 1,859 sqft

15815 SW 85th Ave, Palmetto Bay, FL 33157

SOUTHWOOD

9261 SW 183rd Ter, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$995,000

5 bd · 3 ba · 2,348 sqft

9261 SW 183rd Ter, Palmetto Bay, FL 33157

BEL AIRE SEC 16

15060 SW 80th Ave, Palmetto Bay, FL 33158
Newly Listed

House for Sale

$994,900

4 bd · 3 ba · 2,099 sqft

15060 SW 80th Ave, Palmetto Bay, FL 33158

MANGOWOOD PT 2

8880 SW 183rd Ter, Palmetto Bay, FL 33157
30 Days on Market

House for Sale

$990,990

4 bd · 3 ba · 2,205 sqft

8880 SW 183rd Ter, Palmetto Bay, FL 33157

SECTION TWENTY BEL AIRE

9601 SW 183rd St, Palmetto Bay, FL 33157
63 Days on Market

House for Sale

$970,000

4 bd · 3 ba · 1,467 sqft

9601 SW 183rd St, Palmetto Bay, FL 33157

FRANJO PARK SEC 1

17625 SW 91st Ave., Palmetto Bay, FL 33157
400 Days on Market

House for Sale

$950,000

4 bd · 3 ba · 1,977 sqft

17625 SW 91st Ave., Palmetto Bay, FL 33157

HERMAN HILLS

18045 SW 87th Ct, Palmetto Bay, FL 33157
375 Days on Market

House for Sale

$930,000

4 bd · 2 ba · 1,602 sqft

18045 SW 87th Ct, Palmetto Bay, FL 33157

SECTION 21 BEL-AIRE

17720 SW 89th Ct, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$890,000

3 bd · 2 ba · 1,751 sqft

17720 SW 89th Ct, Palmetto Bay, FL 33157

HERMAN HILLS 1ST ADDN

18211 SW 95th Ct, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$879,000

4 bd · 2 ba · 1,712 sqft

18211 SW 95th Ct, Palmetto Bay, FL 33157

FRANJO PARK SEC 2

9241 SW 183rd Ter, Palmetto Bay, FL 33157
64 Days on Market

House for Sale

$849,000

4 bd · 2 ba · 1,974 sqft

9241 SW 183rd Ter, Palmetto Bay, FL 33157

BEL AIRE SEC 16

17881 SW 91st Ave, Palmetto Bay, FL 33157
22 Days on Market

House for Sale

$829,900

3 bd · 2 ba · 1,164 sqft

17881 SW 91st Ave, Palmetto Bay, FL 33157

BEL AIRE SEC 17

8931 SW 156th St, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$799,000

3 bd · 2 ba · 1,841 sqft

8931 SW 156th St, Palmetto Bay, FL 33157

CORAL REEF ESTATES 2ND AD

9123 SW 181st St, Palmetto Bay, FL 33157
62 Days on Market

House for Sale

$799,000

4 bd · 2 ba · 1,656 sqft

9123 SW 181st St, Palmetto Bay, FL 33157

BEL AIRE SEC 17

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
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Live MLS inventory in Palmetto Bay, updated continuously. Florida Lux Real Estate currently tracks 91 active listings here. MLS inventory updated October 25, 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

326
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.

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