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Palmetto Bay

Palmetto Bay

Located in Miami/Dade County

$1,211,856 Average Value
$499 Average Price per Sq Ft
161 Homes For Sale

A more accessible slice of South Florida suburbia

A spacious green lawn on a quiet South Florida block doesn’t have to empty the bank in Palmetto Bay. This village, about 15 miles south of Miami, offers a tranquil suburban escape from the city, with a plentitude of popular green spaces to enjoy, while maintaining connectivity to the region’s wide-ranging attractions. And it comes at a lower price point than the neighboring village of Pinecrest. “The biggest draw is, in my opinion, you’re going to find larger lots, bigger properties, for more of an affordable price than Pinecrest,” says local Realtor Gustavo Pacheco of eXp Realty.

Come home to Palmetto Bay, FL.
Come home to Palmetto Bay, FL.
Have a pool day while living in Palmetto Bay, FL
Have a pool day while living in Palmetto Bay, FL
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Variety with quality

Palmetto Bay is primarily residential, so its network of streets is packed with a diverse array of houses. “They are older homes,” says Pacheco, who was raised in Miami. “But you do find people tearing down houses and building from scratch or people finding lots and building homes. But it’s very rare.” Options here date back to the mid-20th century and ranch-style and Mediterranean architecture is common. There is also a wide selection of multistory new traditional and contemporary. Single-family homes in Palmetto Bay come with price tags that range from the $500,000s to more than $2 million. The area is made up mostly of single-family houses, but there are condos and townhomes as well. Prices for these vary widely, with condos running between $100,000 and $200,000 and townhomes starting in the $300,000s and quickly racing past the $1 million mark.

Residents of Palmetto Bay, FL, have choices of types of homes.
Residents of Palmetto Bay, FL, have choices of types of homes.
Wake up in your slice of paradise in your new modern-style home in Palmetto Bay, FL.
Wake up in your slice of paradise in your new modern-style home in Palmetto Bay, FL.
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Palmetto Bay-area schools are on point

Miami-Dade Public Schools system serves Palmetto Bay. The district, which has a B-plus grade on Niche, allows students and their families to apply for the campuses of their choice. Where they can go depends on where they live, but options include the A-minus-rated Howard Drive Elementary, which has an active PTA and an impressive range of events, including movie night and a spring family dance. Palmetto Middle, rated an A-minus, offers a forensic science academy and the A-plus-rated Miami Palmetto Senior High offers students the chance to continue exploring forensics through the Forensic Investigative Academy.

Howard Drive Elementary School in Miami, FL has a great diversity of students.
Howard Drive Elementary School in Miami, FL has a great diversity of students.
Palmetto Middle School is great for academically driven students.
Palmetto Middle School is great for academically driven students.
Miami Palmetto Senior High School is bright white with palm trees throughout campus.
Miami Palmetto Senior High School is bright white with palm trees throughout campus.
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“Village of Parks” means plenty of outdoor fun

Palmetto Bay has invested so much into its recreation facilities that the area is nicknamed the “Village of Parks.” The village’s parks are its pride and joy, and the municipality is working on adding more, including one named Veterans Park and another dubbed Tanglewood Linear Park. Existing spaces, like Coral Reef Park, already have a sterling reputation, popular for its tennis courts and exercise stations. There’s even an on-site food stand, Parkside Café, with everything from cheeseburgers to ice cream. Locals can also take advantage of the village’s location by the Biscayne Bay at spots like Deering Point Park, where they can venture out into the water thanks to the available kayak and paddleboard rentals.

Play a game of volleyball at Coral Reef Park in Palmetto Bay, FL.
Play a game of volleyball at Coral Reef Park in Palmetto Bay, FL.
One can rent padding boards at Deering Point Park in Palmetto Bay, FL.
One can rent padding boards at Deering Point Park in Palmetto Bay, FL.
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Find what you need on Route 1 near Palmetto Bay, FL.
Find what you need on Route 1 near Palmetto Bay, FL.

Amenities aren’t hard to find

Residents are only a short drive from their pick of retail and dining options, many of them on U.S. Route 1. Colonial Palms Plaza, for instance, includes Five Below, PetSmart, Party City, and a combined Marshalls and HomeGoods. There are also a couple of well-liked restaurants in the plaza, like Caffe Portofino, which is popular in part for its pear ravioli. Babe’s Meat & Counter, down the road, is renowned for its burgers. Route 1 features a Publix and an ALDI as well, convenient for groceries. And those looking for more shopping have The Falls, an almost 840,000-square-foot mall across from Colonial Palms Plaza. “It’s a really nice outdoor mall,” Pacheco says.

Reliable public transportation is available in and around Palmetto Bay, FL.
Reliable public transportation is available in and around Palmetto Bay, FL.

Make a trip with Metrobus

The village has myriad stops in Miami-Dade County’s Metrobus network. The Metrobus system features around 1,000 buses and almost 100 routes around the region. Drivers in the area can use Route 1 as a link to Miami to the north. Route 1 also connects to Interstate 95, which can be used to reach the rest of the South Florida area.

Community collaboration is common

Residents come together for multiple periodic and annual events over the course of the year. There’s a farmers market at Coral Reef Park every Saturday, and yoga classes by the Biscayne Bay on Sundays at Thalatta Estate Park. The village also hosts a camping in the park and movie night event at Coral Reef Park in February and an annual picnic there in March, with food, rides, music and games.

Join the local bird-watchers club and be part of the community in South Miami, FL.
Join the local bird-watchers club and be part of the community in South Miami, FL.
Visit the weekly farmers market in Coral Reef Park while living in Palmetto Bay, FL.
Visit the weekly farmers market in Coral Reef Park while living in Palmetto Bay, FL.
Deering Point Park is a great place to fish and spend a great day with family and friends.
Deering Point Park is a great place to fish and spend a great day with family and friends.
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Jessica Haddad
Written By
Jessica Haddad

Interested in learning more about homes in this area? Reach out to Mark Whitehead, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Palmetto Bay Housing Trends

Housing Trends

Median List Price
$1,249,000
Median Sale Price
$1,100,000
Median Single Family Sale Price
$1,190,000
Median Townhouse Sale Price
$1,400,000
Median 2 Bedroom Sale Price
$289,999
Median Change From 1st List Price
8%
Last 12 months Home Sales
265
Median Home Sale Price YoY Change
2%
Average Price Per Sq Ft
$499

Area Facts

Number of Homes in Neighborhood
7,650
Number of Homes for Sale
161
Median Year Built
1972
Months of Supply
7.30
Average Single Family Home Size Sq Ft
2,702
Significantly above the national average
1,925
Average Townhouse Size Sq Ft
2,398
Average 2 Bedroom Size Sq Ft
950
Average 1 Bedroom Size Sq Ft
615
Median Lot Size Sq Ft
15,681

Open Houses

  • Sunday, Sep 14

    8128 SW 172nd Terrace, Palmetto Bay, FL 33157

    $1,080,000

    • 3 Beds
    • 2.5 Baths
    • 2,164 Sq Ft
    • 8128 SW 172nd Terrace
    • New 3 days ago

    Welcome home to this lovely 3/2.5 residence in the highly desirable Groves at Old Cutler private gated community in the heart of Palmetto Bay/Old Cutler. Tile floor through out, Electric Water Heater, Gas Range, Vaulted Ceilings, accordion hurricane shutters and more. The beautifully tropical backyard, covered deck with 12x38 refreshing pool, and fruitful Mango trees make this home perfect for

    Janet Zhang Coldwell Banker Realty

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  • Saturday, Sep 20
    Open Sat 1PM - 3PM

    14701 SW 84th Ct, Palmetto Bay, FL 33158

    $1,200,000

    • 3 Beds
    • 2.5 Baths
    • 1,817 Sq Ft
    • 14701 SW 84th Ct
    • New 25 days ago

    Palmetto Bay Perfection. 14701 SW 84 Ct offers comfort, lifestyle & a rare opportunity in Mangowood. Updated open-concept kitchen, perfect for pancake Sundays or impromptu entertaining.. Sparkling pool & covered wrap around patio for year-round enjoyment. Basketball court . And ... If at any point in time you’re ready to grow ... there ARE architectural plans for a 4th Bedroom & ensuite

    Vicki Restivo BHHS EWM Realty

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  • Saturday, Sep 27
    Open House 9/27

    16941 SW 88th Ave, Palmetto Bay, FL 33157

    $849,900

    • 3 Beds
    • 2 Baths
    • 1,633 Sq Ft
    • 16941 SW 88th Ave

    Welcome home to Palmetto Bay! This charming home is situated on a spacious 15,000+ square foot lot, offering both comfort and style. With over 1,600 square feet of living space, it features an open floor plan that maximizes the flow of natural light through the home. The interior boasts modern farmhouse details, including stylish finishes and a beautifully updated kitchen. The property includes a

    Christopher Roig Xcellence Realty

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Palmetto Bay Has More Owners

Demographics

Total Population
23,179
Median Age
44
Population under 18
23.6%
On par with the national average
23.8%
Population over 65
19.8%
On par with the national average
19.1%

Finances

Median Household Income
$124,051
Significantly above the national average
$71,702
Average Household Income
$155,553

Education and Workforce

High School Graduates
95.9%
College Graduates
57.4%
Above the national average
34.1%
Advanced Degrees
26.2%
Above the national average
13.3%
% Population in Labor Force
71%

Weather

Annual Precipitation
61''
Average Winter Low Temperature
55°F
Average Summer High Temperature
91°F
Annual Snowfall
9''

Area Factors

Somewhat Bikeable

Bike Score®®

30 / 100

Car-Dependent

Walk Score®®

8 / 100

Minimal Transit

Transit Score®®

21 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Palmetto Bay