Palmetto Bay is a family-oriented village in south Miami-Dade known for its suburban charm, waterfront properties, and strong community spirit. Incorporated in 2002, this bedroom community offers excellent schools, parks, and a relaxed lifestyle along Biscayne Bay and Deering Estate.
Current market data for Palmetto Bay — use these stats alongside your HousePitch CMA to deliver data-backed presentations to clients.
Median Home Price
$725,000
Price per Sq Ft
$365
Avg Days on Market
58 days
Active Listings
165
Year-over-Year
+4.6%
ZIP Codes
33157, 33158
Deering Estate and Biscayne Bay waterfront
Excellent Miami-Dade public schools
Strong community events and parks
Quiet suburban lifestyle minutes from Miami
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The median home price in Palmetto Bay is approximately $725,000. Waterfront properties command significant premiums, often exceeding $2 million, while inland homes start around $500,000.
Properties with Biscayne Bay access or views can see 40-60% premiums over comparable inland homes. HousePitch helps agents accurately capture these waterfront premiums in CMA reports with adjusted comparable sales.
Top-rated schools, safe neighborhoods, abundant parks, and community events make Palmetto Bay a family favorite. Agents can use HousePitch CMAs to highlight these community values when working with family buyers.
Palmetto Bay offers similar suburban lifestyle and school quality as Pinecrest at significantly lower price points. Agents can use HousePitch comparison CMAs to present this value proposition to buyers considering both areas.
Explore comparative market analysis data for other Miami-Dade neighborhoods.
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