Palmetto Bay

Condos & Homes for Sale · Market Overview · FL 33157
Market data compiled by Andres Jara, Licensed Real Estate Broker · Douglas Elliman · Updated November 14, 2026
4
Condo Buildings
8
Condos for Sale
81
Homes for Sale
69,605
Residents
Live MLS data · Updated November 14, 2026
GUIDES & MARKET REPORTS

South Florida Buyer & Seller Guides

Written from live MLS data · Updated November 2026
ALL 38 GUIDES →

Palmetto Bay is a leafy residential village in south Miami-Dade along Biscayne Bay, prized for its top-rated schools, large lots, and waterfront estates. It offers a quiet, suburban lifestyle with parks and bayfront homes south of Pinecrest.

As of November 14, 2026, Palmetto Bay has 8 condos across 4 buildings and 81 single-family homes & townhomes for sale, with condos priced from $172,000 to $365,000.

For Sale in Palmetto Bay

89 homes & condos currently for sale · $172,000 – $9,495,000.

81
Homes for Sale
$300K
From
$9.5M
Up to

Condo Buildings in Palmetto Bay

4 buildings with active inventory · 8 residences for sale

Palmetto Bay Market Analytics

Area inventory and closed-sale trends from MLS records for ZIP 33157.

8
Active Listings
4
Buildings
$365K
Top Condo Price
96.1%
Sale-to-List
Average Sale Price by Year
Average closed-sale price per year in ZIP 33157 (all property types, MLS).
Average sale price by year in ZIP 33157, 2019–2026$908K$630K$351K20192020202120222023202420252026

Average closed-sale price in ZIP 33157 moved from $405K in 2019 to $854K in 2026.

Palmetto Bay Closed-Sale Market

Trailing 3-year closed-sale benchmarks for Palmetto Bay, from MLS records.

$481
Avg $/Sqft (Sold)
$1.2M
Avg Sale Price
113
Avg Days on Market
900
Closed Sales (3-Yr)
+31.3%
3-Yr Appreciation

About the Palmetto Bay Area

U.S. Census ACS, ZIP 33157.

People

Population69,605
Median age40.6

Income

Per capita$38,579
Median household$80,364

Housing

Owner-occupied65.6%
Renter-occupied34.4%

Palmetto Bay Market & Community Report

As of November 14, 2026, Palmetto Bay carries 8 active condo listings across 4 buildings and 81 single-family homes & townhomes, with condos ranging from $172,000 to $365,000. The most active condo buildings are Villagio At Palmetto Bay Condo (3), Casa Granada Condo (3), Village Homes & Condos At (1).

ZIP 33157 (Palmetto Bay) is home to 69,605 residents with a median age of 40.6. Per-capita income is $38,579 and median household income is $80,364; 65.6% of homes are owner-occupied.

Market analysis by Andres Jara, licensed Florida real estate agent specializing in Miami-Dade luxury condos and homes.

Data current as of November 14, 2026. Inventory from active MLS listings; community data from U.S. Census ACS.

Palmetto Bay Location

Frequently Asked Questions — Palmetto Bay

How many condos are for sale in Palmetto Bay?

As of November 14, 2026, there are 8 condos actively listed for sale across 4 buildings in Palmetto Bay.

Are there single-family homes for sale in Palmetto Bay?

Yes — 81 single-family homes and townhomes are currently for sale in Palmetto Bay, priced from $300,000 to $9,495,000.

What is the average sale price in Palmetto Bay?

The average closed-sale price in Palmetto Bay (ZIP 33157) was $854,418 in 2026, based on MLS records across all property types.

What is the price range for Palmetto Bay condos?

Palmetto Bay condos currently range from $172,000 to $365,000.

Which condo buildings are in Palmetto Bay?

Palmetto Bay includes Villagio At Palmetto Bay Condo, Casa Granada Condo, Village Homes & Condos At, Banyan Gardens Condo.

What is Palmetto Bay known for?

Palmetto Bay is a leafy residential village in south Miami-Dade along Biscayne Bay, prized for its top-rated schools, large lots, and waterfront estates. It offers a quiet, suburban lifestyle with parks and bayfront homes south of Pinecrest.

What is the Palmetto Bay area like?

The Palmetto Bay area (ZIP 33157) is home to 69,605 residents with a median age of 40.6 and a median household income of $80,364.

Nearby Neighborhoods

Explore other luxury markets in Miami-Dade County