Palmetto Bay
South Miami-Dade Real Estate Guide
Palmetto Bay is one of South Florida’s most prestigious addresses, consistently ranked among the top places to live in Miami-Dade County. Known for its lush landscaping, estate-sized lots, and outstanding public schools — including Palmetto Senior High and Palmer Trinity — this upscale village attracts discerning buyers seeking luxury living with a family-oriented, low-density feel. Palmetto Bay homes for sale typically range from $700K to $2 million and beyond.
The Village of Palmetto Bay was incorporated in 2002 to preserve its residential character and protect against overdevelopment. Buyers benefit from wide, canopied streets, abundant green space, and proximity to Deering Estate at Cutler — a stunning natural landmark. The Palmetto Bay real estate market is among the most stable in South Florida, with high owner-occupancy rates and strong long-term appreciation.
Positioned along US-1 south of Coral Gables, Palmetto Bay offers straightforward access to Dadeland Mall, the University of Miami, Baptist Health South Florida, and the Palmetto Expressway. Its walkable downtown area, farmer’s market, and community events foster a genuine sense of village life. For South Florida real estate with top schools and community character, Palmetto Bay belongs at the top of your list.
Selling a home in Palmetto Bay
Palmetto Bay is an incorporated village on the bayfront side of south Miami-Dade, between Pinecrest and Cutler Bay in the 33157 and 33158 ZIP codes. Incorporated in 2002, it's one of the area's most sought-after communities — large lots, mature tree canopy, top-rated schools, and a quiet residential character the village protects. Demand here is steady and inventory is limited, which is a strong position to sell from.
Over the last 90 days, 80 homes have sold in Palmetto Bay, from $460,000 to $4,900,000, with a median sale price of $1,250,000. These figures update automatically from the MLS; what your home would sell for depends on its exact location, size, and condition.
This is a move-up and luxury market, and that's exactly why pricing it right takes real local knowledge. Lot size, water or canal access, the school boundary, and the difference between a renovated home and an original one can swing a Palmetto Bay value by six figures. An automated estimate can't read any of that — it will either scare you with a low number or cost you with a high one that sits on the market.
What's your Palmetto Bay home worth?
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Norman and Consuelo Hodge know this village's micro-markets and what its buyers actually pay for. If you're thinking about selling in Palmetto Bay, reach out for a free, confidential valuation of your home — and an honest read on the best time and strategy to list.
Property types in Palmetto Bay
Single-family homes in Palmetto Bay
76 recent sales in the last 90 days. If you own a single-family home in Palmetto Bay, we can tell you what it would sell for today. See Palmetto Bay single-family homes for sale.
Townhomes in Palmetto Bay
4 recent sales in the last 90 days. If you own a townhome in Palmetto Bay, we can tell you what it would sell for today. See Palmetto Bay townhomes for sale.
Nearby communities
Cutler Bay homes for sale · Pinecrest homes for sale · South Miami Heights homes for sale
Active Listings in Palmetto Bay
Palmetto Bay Real Estate News
- 8010 SW 139th Ter, Palmetto Bay, FL 33158 - Realtor.comRealtor.com · Oct 22
- Marcus & Millichap's IPA Capital Markets Arranges $43M Construction Financing for Multifamily Property in Greater Miami - Yield PROYield PRO · Sep 20
- Apartments near Miami-Dade golf course sold for $15M - The Business JournalsThe Business Journals · Aug 14
- Palmetto Bay is most reliant on homestead property taxes in Miami-Dade, making Amendment 3 a big risk, mayor says - CBS NewsCBS News · Sep 24
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