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Palmetto Bay Real Estate Guide

Palmetto Bay is the family village on the bay south of Pinecrest — larger lots, A-rated schools and the waterfront parks of the old Cutler estates, at friendlier pricing than its northern neighbor.

Palmetto Bay Market Snapshot

These numbers come from sales and leases that actually closed in Palmetto Bayduring the past year, not from asking prices, and they update as new closings are recorded.

319
Homes sold, last 12 months
$1.1M
Median sale price
$489
Median price per sqft
54 days
Median time on market
211
Leases signed, last 12 months
$4,300/mo
Median rent achieved
$3
Median rent per sqft
42 days
Median time to lease
Homes Sold per Month
26Oct18Nov28Dec20Jan25Feb25Mar26Apr30May46Jun25Jul17Aug33Sep
Median Sale Price per Month
$1.5M$890KOctNovDecJanFebMarAprMayJunJulAugSep
What Each Bedroom Count Sells For
BedroomsSalesMedian price
1 bd10$180,000
2 bd13$325,000
3 bd79$850,000
4 bd152$1,200,000
5+ bd65$1,700,000
Closed Sales by Home Type
TypeSalesMedian price
Single Family Residence293$1,175,000
Condominium17$195,000
Townhouse9$856,000
Month-by-Month Sale Prices
MonthHomes soldMedian price
Oct 202526$1,150,000
Nov 202518$1,150,000
Dec 202528$977,500
Jan 202620$1,192,500
Feb 202625$1,050,000
Mar 202625$890,000
Apr 202626$1,282,500
May 202630$1,075,000
Jun 202646$1,347,500
Jul 202625$1,075,000
Aug 202617$1,500,000
Sep 202633$1,225,000
Typical Rent by Bedroom Count
BedroomsLeasesMedian rent
1 bd26$1,725/mo
2 bd52$2,250/mo
3 bd45$4,300/mo
4 bd66$6,500/mo
5+ bd22$9,500/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 keep their corner of the county exactly as it was: single-family, tree-vaulted, school-obsessed and organized 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 swales mowed.

The draw is the south-Dade schools triangle at gentler pricing 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 the absence of nightlife and condos — there are essentially neither — for bayside canopy living where the biggest weekend decision is Deering's trails versus the sailing club.

Palmetto Bay Neighborhoods & Housing Stock

East of Old Cutler is the premium band: the estate streets toward the mangrove preserve — some with bay access along the village's limited canal reach — and the gated pockets off the Deering corridor where new construction replaces 1960s ranches lot by lot. The heart of the village between Old Cutler and US-1 carries the classic stock: generous quarter-acre-plus lots, low-slung ranches and two-stories, renovated in waves as families trade up within the village.

West of US-1, the sections toward the Franjo triangle offer the entry tier and the village's small townhome supply, plus the emerging downtown-village district where the only mixed-use construction is permitted. 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 run their dedicated lanes. Dadeland and Baptist Hospital's medical campus sit fifteen minutes north, the Falls closer still, and 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

Buying in Palmetto Bay starts with understanding what drives its market: bayside family living with parks and strong schools. Benchmark the segment you're shopping with the bedroom and property-type tables above, then open the live map search to see everything currently available — every listing links straight to full photos, details and an inquiry line to a licensed Florida broker.

Financed purchases in South Florida typically close in 30–45 days, while cash can close in as little as two weeks. Condo purchases usually add an association-approval step, and properties near the water carry insurance considerations worth pricing before you offer — both are routine in Palmetto Bay transactions when planned early.

Renting in Palmetto Bay

Rentals move faster than sales — well-priced Palmetto Bay units are often signed within weeks, and most annual leases require 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 last year; the live rental search shows every home and condo currently offered.

Featured Listings in Palmetto Bay

See every home for sale →

Weekends in Palmetto Bay: Sights & Outings

Deering Estate

Charles Deering's 1920s bayfront estate and preserve — house tours, archaeology, kayak launches and concerts on the bay.

Coral Reef Park

The village's flagship park — fields, trails and the Saturday soccer universe.

Thalatta Estate Park

The restored bayfront villa and lawn — the village's wedding and sunset spot.

Ludovici Park & the paw parks

The neighborhood green web that earns the parks-village nickname.

The Old Cutler canopy ride

The banyan tunnel connecting the village to Matheson and Fairchild.

Black Point Marina (adjacent)

The county marina at the village's southern door — the gateway to south Biscayne Bay.

Dining in Palmetto Bay

The Franjo village district

The village's own emerging café-and-bistro pocket in the downtown triangle.

The US-1 corridor standbys

Family Italian, Latin grills and breakfast counters along the highway edge.

Black Point Ocean Grill (adjacent)

Dockside seafood at the marina — the boaters' Sunday.

Pinecrest's dining row (adjacent)

Captain's Tavern, Anacapri and company, ten minutes north.

The Deering evening events

Estate dinners and food-truck nights on the bay lawn.

Schools in Palmetto Bay

Coral Reef Elementary
Public

The A-rated elementary at the center of village demand.

Southwood Middle School
Public

The arts-magnet middle school with county-wide pull.

Miami Palmetto Senior High (adjacent)
Public

The flagship high school pipeline most of the village feeds.

Palmer Trinity School
Private

The Episcopal 6-12 independent on its village campus.

Westminster Christian School
Private

The PK-12 Christian school inside the village.

School attendance boundaries change — always verify a specific address's assigned schools with Miami-Dade County Public Schools (or the relevant district) and confirm private-school admissions directly before relying on them 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 identity anchors long-term demand. Judge the market by the numbers on this page — actual closed sales, the median sale price, and how long homes took to sell over the trailing twelve months.

What is the median home price in Palmetto Bay?

The market snapshot above shows the current 12-month median sale price for Palmetto Bay, along with price per square foot and medians broken out by bedroom count and property type — all computed from closed MLS sales, refreshed continuously rather than quoted from stale reports.

Should I buy a condo or a house in Palmetto Bay?

The property-type table above shows how Palmetto Bay sales split between condos, single-family homes and townhomes, and what each segment's median ran over the last year. Condos add monthly association dues and a board-approval step; houses carry their own insurance and maintenance. Every property type has its own live search page linked below.

How do I see every home for sale in Palmetto Bay?

Use the Palmetto Bay map search — every active MLS listing in the city, updated continuously, with the city boundary drawn on the map and filters for property type, bedrooms and price.

Discover Your Perfect Home

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Palmetto Bay Homes by Bedroom Count
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Waterfront, Luxury & New Construction in Palmetto Bay
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