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Why Live in Palmetto Bay

Palmetto Bay, FL, located about 15 miles south of Miami, offers a tranquil suburban escape with a variety of housing options. The area is known for its spacious lots and diverse architectural styles, including mid-20th century ranch-style and Mediterranean homes, as well as newer traditional and contemporary multistory houses. The village is primarily residential, featuring single-family homes, condos, and townhomes. Palmetto Bay is served by the Miami-Dade Public Schools system, with highly rated options such as Howard Drive Elementary, Palmetto Middle, and Miami Palmetto Senior High. Known as the "Village of Parks," Palmetto Bay boasts numerous green spaces, including Coral Reef Park with its tennis courts and exercise stations, and Deering Point Park, which offers kayak and paddleboard rentals. The village's features include a variety of retail and dining options along U.S. Route 1, such as Colonial Palms Plaza and The Falls mall. Residents benefit from the Metrobus network, providing extensive connectivity throughout Miami-Dade County. Community events like the weekly farmers market at Coral Reef Park and annual picnics foster a strong sense of local collaboration.

Home Prices in Palmetto Bay, FL

Home Price Trends

Median Sale Price
$1,100,000
Median Single Family Sale Price
$1,200,000
Median Townhouse Sale Price
$1,520,000
Median 2 Bedroom Sale Price
$320,000
Median 1 Bedroom Sale Price
$182,500
Average Price Per Sq Ft
$516
Number of Homes for Sale
117
Last 12 months Home Sales
305
Months of Supply
4.60
Median List Price
$1,275,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
0%
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