Why Live in Palmetto Estates
Palmetto Estates in Miami, developed in the 1960s and ‘70s, features a variety of customized ranch-style homes on large lots with sidewalks, offering a suburban feel just outside downtown Miami. The neighborhood is known for its stability, with many residents staying long-term. Homes range from fixer-uppers to fully remodeled properties, including pool and lakefront homes, as well as two-bedroom condos near the zoo. The area is safer than the national average, providing a secure environment for families. Colonial Drive Park is a popular local greenspace with playgrounds, tennis and basketball courts, and a multi-use field. Palmetto Golf Course offers an 18-hole course and a mini-golf option for younger players. Attractions like Zoo Miami and the Gold Coast Railroad Museum provide weekend entertainment. Dining options include Walter's Coffee Shop and Lots of Lox Deli, both well-loved for breakfast and brunch. Shopping is convenient with Colonial Plaza nearby, and larger malls like Dadeland Mall and The Falls within a few miles. Major roads such as Ronald Reagan Turnpike and U.S. 1 make commuting easy, with Brickell 15 miles away and Key Largo 30 miles away. Miami International Airport is 19 miles north, and Jackson South Medical Center is close by for healthcare needs.
Home Trends in Palmetto Estates, FL
On average, homes in Palmetto Estates, Miami sell after 72 days on the market compared to the national average of 50 days. The median sale price for homes in Palmetto Estates, Miami over the last 12 months is $602,000, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$602,000
Median Single Family Sale Price
$615,000
Median 2 Bedroom Sale Price
$224,499
Average Price Per Sq Ft
$370
Number of Homes for Sale
32
Last 12 months Home Sales
89
Median List Price
$622,450
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
8%