House Prices

Palmetto Bay Miami, FL House Prices & Home Values 2026


Average Data

average house price$784,028
average size per house2396 ft²
average price per ft²299 $ / ft²

04/05/2026 - The value range (VR) for house prices in Palmetto Bay Miami, FL is $268/ sqft to $395/ sqft. An average home with 2396 sqft costs approximately $584,979 to $862,189. Miami, FL includes 2 ZIP codes and it is located in Miami Dade county. The lowest prices are found in ZIP 33157, while the highest are in ZIP 33158. The average price per sqare feet is $299. Our analysis is based on 24 property listings.

Avergage prices by ZIP codes Palmetto Bay Miami

33157268 $ / ft²
33158395 $ / ft²




Historical development of home values in Palmetto Bay Miami

Year Estimated value (USD) Change vs. 2025
2010 $364,117 -53.6%
2011 $350,036 -55.4%
2012 $349,094 -55.5%
2013 $362,142 -53.8%
2014 $380,149 -51.5%
2015 $399,660 -49.0%
2016 $420,517 -46.4%
2017 $443,214 -43.5%
2018 $467,717 -40.3%
2019 $489,405 -37.6%
2020 $514,705 -34.4%
2021 $585,421 -25.3%
2022 $682,469 -13.0%
2023 $719,696 -8.2%
2024 $761,331 -2.9%
2025 $784,028 0.0%

Graph: estimated home values in Palmetto Bay Miami over time (USD)



Example: 100% financing house in Palmetto Bay Miami

Loan amount: $784,028

Interest rate: 5.47%

Fixed monthly payment: $4,434.91

Breakdown in the 1st month:
Interest portion: $3,571.25  –  Principal portion: $863.67

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $42,591.34 $10,627.63 $773,400.37
2 $41,995.66 $11,223.31 $762,177.06
3 $41,366.59 $11,852.38 $750,324.68
4 $40,702.26 $12,516.71 $737,807.97
5 $40,000.69 $13,218.28 $724,589.70
6 $39,259.80 $13,959.17 $710,630.53
7 $38,477.39 $14,741.58 $695,888.95
8 $37,651.12 $15,567.85 $680,321.09
9 $36,778.53 $16,440.44 $663,880.65
10 $35,857.04 $17,361.93 $646,518.72
11 $34,883.90 $18,335.07 $628,183.65
12 $33,856.21 $19,362.76 $608,820.89
13 $32,770.92 $20,448.05 $588,372.84
14 $31,624.80 $21,594.17 $566,778.66
15 $30,414.44 $22,804.53 $543,974.13
16 $29,136.23 $24,082.74 $519,891.39
17 $27,786.39 $25,432.58 $494,458.81
18 $26,360.88 $26,858.09 $467,600.72
19 $24,855.48 $28,363.50 $439,237.23
20 $23,265.69 $29,953.28 $409,283.95
21 $21,586.80 $31,632.17 $377,651.77
22 $19,813.80 $33,405.17 $344,246.61
23 $17,941.43 $35,277.54 $308,969.07
24 $15,964.11 $37,254.86 $271,714.21
25 $13,875.96 $39,343.01 $232,371.20
26 $11,670.77 $41,548.20 $190,823.00
27 $9,341.98 $43,876.99 $146,946.01
28 $6,882.66 $46,336.31 $100,609.70
29 $4,285.49 $48,933.48 $51,676.22
30 $1,542.75 $51,676.22 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Palmetto Bay Miami, FL


1500 sqft3900 sqft
Ø selling price$494,387$1,051,694
Ø fast selling$449,442$946,525
Ø high price sale$539,331$1,156,864

In 2026, houses in Palmetto Bay Miami, FL will be offered at an average price of $299 per square foot. A 1,500 sqft home priced at $494,387 is 20.95% more expensive per square foot than a 3,900 sqft home priced at $1,051,694. Home prices in Palmetto Bay Miami, FL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $728,096. Sellers who can wait longer may achieve a higher price of up to $889,895.


Explore Palmetto Bay in Miami, FL

Location & Lifestyle

Located along Biscayne Bay in southern Miami-Dade County, Palmetto Bay, Miami FL blends suburban calm with coastal beauty.
This family-friendly neighborhood is known for tree-lined streets, spacious lots, and a relaxed, upscale vibe.
Residents enjoy quick access to Old Cutler Road, US?1, and neighboring communities like Pinecrest and Cutler Bay.

Parks & Education

Outdoor lovers flock to Palmetto Bay for its expansive parks, highlighted by Coral Reef Park and the historic Deering Estate on the bay.
Top-rated Miami-Dade public and private schools, including Palmetto Elementary, Palmetto Middle, and Miami Palmetto Senior High, make the area a magnet for families.
Weekend plans range from kayaking and boardwalk strolls along Biscayne Bay to community events, farmers markets, and youth sports.

Real Estate & Amenities

The real estate mix spans waterfront estates, luxury single-family homes, and updated mid-century residences on quiet cul-de-sacs.
Homebuyers value the large yards, mature landscaping, and the neighborhood?s reputation for safety and community involvement.
Dining and shopping options line US?1 and nearby The Falls, while Downtown Miami, Coral Gables, and Dadeland are an easy commute.
Whether you seek a peaceful bayfront lifestyle or strong schools and amenities, Palmetto Bay delivers one of Miami?s best-balanced neighborhood experiences.



FAQ – Home Values in Palmetto Bay Miami

What is the median home value in Palmetto Bay Miami in 2026?

In 2026, the typical home value in Palmetto Bay Miami is about $784,028 for an average home size of 2396 square feet. This corresponds to an average price of roughly $299 per square foot.

What is the average cost per square foot in Palmetto Bay Miami?

In 2026, homes in Palmetto Bay Miami sell for an average of around $299 per square foot, with a typical range between $268 and $395 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Palmetto Bay?

The average home size in Palmetto Bay Miami is about 2396 square feet, with an estimated 2026 value around $784,028.



Neighborhoods close to Palmetto Bay Miami, FL

The Hammocks Miami, FL196 $ / ft²
Woodmont Fort Lauderdale, FL189 $ / ft²
Singer Island West Palm Beach, FL314 $ / ft²
Biscayne Key Estates Key Biscayne, FL910 $ / ft²
Flagami Miami, FL323 $ / ft²
Gifford Vero Beach, FL181 $ / ft²
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