Palmetto Bay Homes for Sale under $5M

94 listings
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

8931 SW 156th St, Palmetto Bay, FL 33157
8 Days on Market

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

9334 SW 171st Ter, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$779,000

3 bd · 2 ba · 1,580 sqft

9334 SW 171st Ter, Palmetto Bay, FL 33157

HARRIEL ESTATES

18054 SW 92nd Ct, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$774,900

3 bd · 2 ba · 1,930 sqft

18054 SW 92nd Ct, Palmetto Bay, FL 33157

BEL AIRE SEC 16

18103 SW 93rd Avenue, Palmetto Bay, FL 33157
116 Days on Market

House for Sale

$749,900

3 bd · 2 ba · 1,513 sqft

18103 SW 93rd Avenue, Palmetto Bay, FL 33157

BEL AIRE SEC 16

18124 SW 92nd Ct, Palmetto Bay, FL 33157
35 Days on Market

House for Sale

$749,000

3 bd · 2 ba · 1,164 sqft

18124 SW 92nd Ct, Palmetto Bay, FL 33157

BEL AIRE SEC 16

18101 SW 92nd Ave, Palmetto Bay, FL 33157
42 Days on Market

House for Sale

$740,000

3 bd · 2 ba · 1,164 sqft

18101 SW 92nd Ave, Palmetto Bay, FL 33157

BEL AIRE SEC 17

18225 SW 94th Ave, Palmetto Bay, FL 33157
Newly Listed

House for Sale

$669,900

3 bd · 2 ba · 1,078 sqft

18225 SW 94th Ave, Palmetto Bay, FL 33157

BEL AIRE SEC 16

16244 SW 92nd Ave # 3, Palmetto Bay, FL 33157
Newly Listed

Condo for Sale

$380,000

2 bd · 3 ba · 1,445 sqft

16244 SW 92nd Ave # 3, Palmetto Bay, FL 33157

BANYAN GARDENS CONDO

17365 SW 95th Ave # 17365, Palmetto Bay, FL 33157
363 Days on Market

Home for Sale

$340,000

2 bd · 2 ba · 1,003 sqft

17365 SW 95th Ave # 17365, Palmetto Bay, FL 33157

VILLAGE HOMES & CONDOS

9400 SW 170th St # 103, Palmetto Bay, FL 33157
174 Days on Market

Townhome for Sale

$335,000

3 bd · 3 ba · 1,638 sqft

9400 SW 170th St # 103, Palmetto Bay, FL 33157

Heritage Square Condo

9430 SW 170th St # 302, Palmetto Bay, FL 33157
77 Days on Market

Townhome for Sale

$330,000

3 bd · 3 ba · 1,638 sqft

9430 SW 170th St # 302, Palmetto Bay, FL 33157

Heritage Square

14500 SW 88th Ave # 247, Palmetto Bay, FL 33176
Newly Listed

Condo for Sale

$325,000

2 bd · 2 ba · 835 sqft

14500 SW 88th Ave # 247, Palmetto Bay, FL 33176

VILLAGIO AT PALMETTO BAY

15900 SW 91st Ct, Palmetto Bay, FL 33157
Newly Listed

Townhome for Sale

$315,000

2 bd · 2 ba · 1,001 sqft

15900 SW 91st Ct, Palmetto Bay, FL 33157

Pinebrook Condo L

8701 SW 141st St # L5, Palmetto Bay, FL 33176
110 Days on Market

Condo for Sale

$281,999

2 bd · 2 ba · 777 sqft

8701 SW 141st St # L5, Palmetto Bay, FL 33176

Casa Granada

8701 SW 141st St # K6, Palmetto Bay, FL 33176
38 Days on Market

Condo for Sale

$269,500

2 bd · 2 ba · 777 sqft

8701 SW 141st St # K6, Palmetto Bay, FL 33176

Casa Granada

8701 SW 141st St # H6, Palmetto Bay, FL 33176
46 Days on Market

Condo for Sale

$261,000

2 bd · 2 ba · 777 sqft

8701 SW 141st St # H6, Palmetto Bay, FL 33176

CASA GRANADA CONDOMINIUMS

17255 SW 95th Ave # 211, Palmetto Bay, FL 33157
Newly Listed

Condo for Sale

$210,000

2 bd · 1 ba · 801 sqft

17255 SW 95th Ave # 211, Palmetto Bay, FL 33157

VILLAGE HOMES & CONDOS

17255 SW 95th Ave # 249, Palmetto Bay, FL 33157
76 Days on Market

Condo for Sale

$174,900

1 bd · 1 ba · 664 sqft

17255 SW 95th Ave # 249, Palmetto Bay, FL 33157

Palmeto Bay

14500 SW 88th Ave # 222, Palmetto Bay, FL 33176
154 Days on Market

Condo for Sale

$174,000

1 bd · 1 ba · 575 sqft

14500 SW 88th Ave # 222, Palmetto Bay, FL 33176

Villagio at Palmetto Bay

14500 SW 88th Ave # 241, Palmetto Bay, FL 33176
31 Days on Market

Condo for Sale

$172,000

1 bd · 1 ba · 575 sqft

14500 SW 88th Ave # 241, Palmetto Bay, FL 33176

Villagio at Palmetto Bay

17255 SW 95th Ave # 161, Palmetto Bay, FL 33157
Newly Listed

Condo for Sale

$170,000

1 bd · 1 ba · 664 sqft

17255 SW 95th Ave # 161, Palmetto Bay, FL 33157

Villas Homes & Condo

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 94 active listings here. MLS inventory updated October 28, 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

329
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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