Palmetto Bay Homes For Sale

The Village of Palmetto Bay is a suburban area located south of Miami. According to niche.com, Palmetto Bay is one of the best places to live in Florida where most of the residents own their own home. During 1992, Palmetto Bay suffered a massive destruction due to hurricane Andrew and most of the houses were rebuilt. Palmetto Bay homes for sale offer predominantly a mediterranean and transitional style. There is a limited amount of contemporary/modern homes for sale, while these get the highest dollar per SF, as this is the preference of today’s buyer.

Palmetto Bay is also called “city of parks” for a variety of reasons. Most single-family homes are sitting on lots that are usually bigger than 15,000 SF and there are many green areas surrounding the properties.  One of the most famous parks in Palmetto Bay is Coral Reef with more than 50 acres of land, pinelands preserve areas, a streaming canal and lots of areas for sports like tennis, soccer, baseball, beach volleyball as well as exercise stations and a walking/jogging path. Located in the middle of the neighborhood, more specifically between 144th st and 152nd st this park attracts many residents and offers an amazing sense of community to the area.

Many families who choose the area do so because of the proximity to excellent private and public schools like: Palmer Trinity, Westminster, Alexander Montessori and Palmetto High School. Besides this, the price of the land and real estate are considerably lower than in neighboring Pinecrest, which is just minutes north, which also has a positive impact on your real estate taxes. If you are looking for plenty of space this is definitely an area to consider as the lots are spacious and Palmetto homes for sale usually come with 4 bedrooms or more. The median price per square foot in the area for 2019 is $266 and it is a well balanced market, in all price ranges there is less than 9 months of inventory.

If you want to understand more about the area, Palmetto Bay homes for sale, schools and real estate prices, please contact our specialist Cristiane Buzolin (305)775-1198 for a in depth analysis.