Why Live in Palmetto Lakes
Palmetto Lakes in Miami is a calm community situated between two universities, an executive airport, and an industrial sector on the southern edge of Miami Gardens. The neighborhood is closely tied to Florida Memorial University, which hosts community events like concerts and seminars. The Lou Rawls Center for the Performing Arts is a local highlight, offering holiday concerts and presentations on various topics. Palmetto Lakes features sidewalk-lined streets and primarily two- and three-bedroom ranch-style homes with Mediterranean accents, giving the area an eclectic feel due to the absence of a homeowners association. Myrtle Grove Park and A.J. King Park provide recreational options with playgrounds, sports courts, and fields. Dining options include Latin American Munchies Café and Yarumba Restaurant & Lounge, known for live music. Shopping is convenient with stores like Aldi, Big Lots, and Walmart Supercenter nearby. The Main Street Shopping Center in Miami Lakes offers a walkable shopping and dining experience. Sports and entertainment are easily accessible at Hard Rock Stadium, located about 5 miles away. The Palmetto Expressway connects residents to major routes, facilitating travel to downtown Miami, Fort Lauderdale, and beyond. The area has a low crime risk compared to the national average, contributing to its appeal as a welcoming place to live.
Home Trends in Palmetto Lakes, FL
On average, homes in Palmetto Lakes, Miami sell after 54 days on the market compared to the national average of 70 days. The median sale price for homes in Palmetto Lakes, Miami over the last 12 months is $334,900, down 4% from the median home sale price over the previous 12 months.
Median Sale Price
$334,900
Median Single Family Sale Price
$425,000
Median 2 Bedroom Sale Price
$334,900
Average Price Per Sq Ft
$229
Number of Homes for Sale
5
Last 12 months Home Sales
7
Median List Price
$455,000
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
-4%