Estate
Median list price
$2,112,500
For-sale active inventory
Price / sq ft
$719
Across active listings
Active inventory
40
On the market right now
Median days on market
58
Well-priced units move faster
✦ Computed live from MIAMI MLS active inventory · refreshed every few hours · updated July 22, 2026
Market pulse
How Palmetto Bay is trading
Median asking price by month listed, plus how active inventory splits — all live from MIAMI MLS active listings (not closed sales).
Median list price, by month listed
12-mo avg
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
-64.6%
Median list, recent vs. earlier
$3,709,417
12-month average
40
For-sale listings
What's on the market, by price
Share of active for-sale inventory
$1M – $3M
73% · 29
$3M – $10M
25% · 10
$10M+
3% · 1
The insider read
What Palmetto Bay actually is
Palmetto Bay is the Village immediately south of Pinecrest — same Old Cutler Road, same Palmetto Senior High feeder pattern, same big-lot residential ethos — but with bayfront. The Village incorporated in 2002 (later than Pinecrest’s 1996), and like Pinecrest, the incorporation was driven by residents who wanted to preserve the leafy large-lot character against unincorporated-Miami-Dade upzoning. ~25,000 residents spread across a large geographic footprint (the western edge inland, the eastern edge on Biscayne Bay).
The defining road is Old Cutler Road — the two-lane, 80-year-old scenic boulevard that runs from Coconut Grove through Coral Gables, into Pinecrest, through Palmetto Bay, and down to the southern reaches of Cutler Bay. Old Cutler is the most-canopied road in South Florida — continuous live-oak + banyan + royal palm cover for miles, a designated state scenic highway, the road you take when you want to feel like you’re in old Florida instead of new Miami. Many of Palmetto Bay’s premier addresses front Old Cutler or sit one block off it. The bay-side estates between Old Cutler and Biscayne Bay are the Village’s trophy tier, $4-15M+ with deep-water dockage and direct bay frontage.
The cultural anchor is the Deering Estate. Charles Deering — International Harvester chairman, brother of James Deering (who built Vizcaya in Coconut Grove) — bought 444 bayfront acres in the 1910s and built the Stone House + the Richmond Cottage as his Mediterranean Revival winter retreat. Charles died in 1927, the estate stayed in family hands until 1985 when the state of Florida bought it. Today it’s a museum + nature preserve + cultural-event venue: the original Stone House and Richmond Cottage are open for tours, the grounds include native pine rockland + mangrove + an archaeological site, and the Estate hosts regular concerts, art exhibitions, and the annual Deering Seafood Festival. It’s free for Village residents and one of the great underrated Miami-Dade cultural sites.
The school anchor is shared with Pinecrest: Miami Palmetto Senior High School is the Palmetto Bay public-school anchor too (the school is technically on the Pinecrest border, both Villages feed it). Plus Palmetto Bay has two of South Florida’s most-recognized private K-12 schools: Westminster Christian School (Christian college-prep, famous as Alex Rodriguez’s high school and a regular MLB-pipeline producer) and Palmer Trinity School (Episcopal college-prep 6-12). The combination of strong public + strong private K-12 options + tree-canopied 1-acre lots makes Palmetto Bay a competitive alternative to Pinecrest for the same buyer pool.
The Palmetto Bay markets
- Bayfront estates (East of Old Cutler) — Old Cutler-side estates with direct bay frontage + deep-water dockage. $4M-$15M+.
- 1-acre estates (inland) — large-lot single-family in the inland sections, $1.5M-$5M.
- Standard 1-acre single-family homes — village zoning standard, $1M-$2M.
- Cutler Bay Estates subdivision — older established gated subdivision, $800K-$2M.
- 1960s-1980s ranch + Mediterranean — the foundational stock, $700K-$1.5M.
- The Falls + Coral Reef area condos — limited mid-rise condo inventory near The Falls mall, $400-900K.
- Rentals — thin pool similar to Pinecrest. Single-family rentals $4-9K/mo, premium $8-20K/mo, bay estate $20K+/mo.
Live Palmetto Bay inventory
🏝️ Palmetto Bay Estates — bayfront + Old Cutler-side
The trophy tier — bayfront estates with private dockage, Old Cutler-side canopied lots.
🏛️ Palmetto Bay Mansions
5,000+ sqft single-family on full 1-acre lots.
🏡 Palmetto Bay Single-Family Homes
3-5 BR single-family. The 1960s-1980s ranch + Mediterranean stock on full lots.
Home
Home
$1,999,000
8600 SW 162nd Street, Palmetto Bay FL 33157 – Residential
162nd Street
- 6 beds
- 3 baths
- 3,369 sqft
Home
$825,000
18103 SW 93rd Avenue, Palmetto Bay FL 33157 – Residential
93rd Avenue
- 3 beds
- 2 baths
- 1,513 sqft
Home
📍
Home
Home
🏘️ Palmetto Bay Townhomes
The small handful of townhome enclaves — for Palmetto-feeder access without 1-acre maintenance.
Townhouse
$373,000
9400 SW 170th St # 103, Palmetto Bay FL 33157 – Residential
170th St
- 3 beds
- 2.5 baths
- 1,638 sqft
Townhouse
$379,000
17180 SW 94th Ave # 701, Palmetto Bay FL 33157 – Residential
94th Ave
- 3 beds
- 3 baths
- 1,638 sqft
Townhouse
Townhouse
$495,000
10906 SW 181st Terrace # 10906, Miami FL 33157 – Residential
181st
- 3 beds
- 2 baths
- 1,308 sqft
Townhouse
$1,495,000
6209 Paradise Point Dr, Palmetto Bay FL 33157 – Residential
Paradise Point Dr
- 3 beds
- 2.5 baths
- 2,826 sqft
Townhouse
$329,500
19620 SW 103rd Ct # 1, Cutler Bay FL 33157 – Residential
103rd Ct
- 2 beds
- 2.5 baths
- 1,020 sqft
🏢 Palmetto Bay Condos (limited)
No luxury condo currently listed in this filter. Tell us what you're looking for — we hear about quietly-listed properties first.
Palmetto Bay rentals
🏝️ Palmetto Bay Premium + Estate Rentals
$15K+/mo OR 4,000+ sqft. Bay-estate seasonal rentals + Old Cutler-side furnished.
🌃 Palmetto Bay Single-Family Rentals
$5K-$15K/mo. Larger single-family homes — the school-zone-relocator tier.
🏢 Palmetto Bay Standard Rentals
$3K-$5K/mo. Smaller single-family + townhome rentals.
The places that make Palmetto Bay, Palmetto Bay
The Deering Estate
16701 SW 72nd Avenue. Charles Deering’s 444-acre bayfront estate, now a Florida state historic site + nature preserve + cultural-arts venue. The original Stone House (built 1922, three stories of Mediterranean Revival limestone) + the Richmond Cottage (Charles’s literary getaway). The grounds include native Pine Rockland forest (one of the last intact pine rockland ecosystems in Miami-Dade), mangrove tidal estuary, an archaeological dig site, and the Deering Estate Foundation’s contemporary art galleries. Hosts the annual Deering Seafood Festival (March), the Concert Under the Stars series, and regular cultural programming. $15 adult / $7 child general admission; free for Village residents. Walking the Stone House grounds at sunset is one of the great Miami pleasures.
Old Cutler Road
Designated Florida Scenic Highway. The two-lane road runs from Coconut Grove south, threading through Coral Gables, Pinecrest, Palmetto Bay, and Cutler Bay. Continuous live-oak + banyan + royal palm canopy. Speed limit 35-45 mph (drive it slow — that’s the point). Bike-friendly on the parallel paved path. The premier Palmetto Bay addresses front Old Cutler or sit a block off it. Driving Old Cutler at sunset with the canopy filtering light over your hood is a quintessential South Dade experience.
Coral Reef Park + the chain of South Dade parks
Coral Reef Park (7895 SW 152nd Street) — 40 acres, baseball + soccer + tennis + dog park + a Village splash-pad. The community-center anchor. Matheson Hammock Park (just north in Coral Gables) — the bayfront atoll pool + marina, a popular place to learn to sail. Bill Sadowski Park + Perrine Wayside Park serve the southern sections.
The Falls
8888 SW 136th Street. The open-air mall on the Palmetto Bay-Cutler Bay border. Bloomingdale’s, Macy’s, Apple Store, Pottery Barn, Williams-Sonoma, Anthropologie. Not Bal Harbour Shops, not Aventura Mall, but a solid mid-tier mall that serves South Dade. The food court is reliable; the actual restaurants (Cooper’s Hawk, Maggiano’s, Brio) are reliable mid-tier. Many Palmetto Bay residents do their daily errands here.
Westminster Christian School + Palmer Trinity School
Westminster Christian School (6855 SW 152nd Street) — Christian college-prep K-12, well-known nationally for athletic programs (Alex Rodriguez and other MLB players are alumni). The campus + chapel + athletics facilities are substantial. Palmer Trinity School (7900 SW 176th Street) — Episcopal college-prep 6-12, more focused academic + arts orientation. Both are alternatives to (or supplements for) the Palmetto Senior public-school path; many Palmetto Bay buyers opt for private for high school after public elementary.
Living in Palmetto Bay
Schools
- Coral Reef Elementary + Pinecrest Elementary + Perrine Elementary — A-rated district public.
- Palmetto Middle School + Cutler Bay Middle — district public.
- Miami Palmetto Senior High — shared with Pinecrest, top-3 in Miami-Dade.
- Westminster Christian School — Christian K-12, college-prep, athletic-pipeline famous.
- Palmer Trinity School — Episcopal college-prep 6-12.
- Gulliver Prep + Riviera Schools — Coral Gables / Pinecrest private alternatives many Palmetto Bay buyers consider.
- Cushman School + Carrollton + Ransom Everglades — Coconut Grove private options for higher commute.
The food
Mostly strip-mall + The Falls — but with strong local institutions. El Toro Taco (Mexican). Bocas House (Venezuelan, the South Dade neighborhood Venezuelan spot). Tropical Chinese (the south-Dade Cantonese institution). Norman’s Tavern (Norman Van Aken’s casual outpost — actually in Cutler Bay just south). Cooper’s Hawk Winery + Maggiano’s + Brio at The Falls. For special-occasion meals, residents drive to Coral Gables, Coconut Grove, or Brickell.
Getting around
- US-1 (South Dixie Highway) — the western spine + Metrorail corridor.
- Old Cutler Road — the scenic alternative through canopied old-Florida residential.
- SW 152nd Street + 168th Street — east-west arteries.
- Metrorail South Dade Busway — the bus rapid transit alternative running parallel to US-1.
- The Underline — the linear park extending south will eventually connect Palmetto Bay to Brickell.
- Brickell 30-40 min · Coral Gables 18-25 min · Coconut Grove 15-20 min · MIA 30 min · Florida Keys 60-90 min (Palmetto Bay is a natural Keys-trip launchpad).
Palmetto Bay 2026 market: what we’re watching
- Bayfront estate generational transfers. Old Cutler-side bayfront estates that were bought in the 1980s-1990s are starting to trade as the original owners age out. When they hit market they clear quickly.
- Palmetto-zone overlap with Pinecrest. Both Villages share the Palmetto Senior feeder. Palmetto Bay typically trades 15-25% below Pinecrest for comparable lot + sqft — the same-school value play.
- The Underline + South Dade Busway upgrades. The Underline extending south + Busway service improvements bring slow pedestrian/transit connectivity to a traditionally car-dependent area.
- Deering Estate programming + cultural-amenity premium. The Deering Estate’s regular concerts + festivals + cultural events are increasingly a regional cultural draw. Properties walking-distance to the Estate command quiet premium.
- SB 4-D doesn’t apply much. Palmetto Bay is single-family dominant; SB 4-D condo issues affect very limited inventory. This is one of the Miami-Dade submarkets where the SB 4-D drag is minimal.
Frequently asked questions
Palmetto Bay vs Pinecrest?
Very similar character. Same Palmetto Senior High feeder, same 1-acre-residential ethos, same tree-canopy preservation values. Differences: Palmetto Bay has bayfront single-family (Pinecrest doesn’t), is geographically larger, includes The Falls mall, and has Deering Estate as its cultural-park anchor. Pinecrest trades at higher per-sqft (more established trophy address), has Pinecrest Gardens as its park anchor, and feels more “village center.” Both share Westminster Christian + Palmer Trinity for private. Many buyers tour both and choose based on bayfront-yes-or-no + per-sqft preference. Palmetto Bay typically delivers 15-25% better value per sqft for comparable Pinecrest spec.
Is the bayfront premium worth it?
For buyers who want water + private dockage: absolutely. The Old Cutler-side bayfront estates command $4-15M+ but trade at materially less per sqft than equivalent Coconut Grove bayfront or Coral Gables bayfront. For buyers who don’t actually use the water, the inland 1-acre estates deliver the same Village amenity package + schools + tree canopy at meaningfully lower cost.
Schools serving Palmetto Bay?
Public: Coral Reef Elementary + Pinecrest Elementary + Perrine Elementary (A-rated), Palmetto Middle, Miami Palmetto Senior High (shared with Pinecrest, top-3 Miami-Dade). Private: Westminster Christian School (K-12 Christian, MLB-pipeline famous), Palmer Trinity School (Episcopal college-prep 6-12). Higher-end private alternatives: Gulliver Prep, Riviera Schools (both Pinecrest/Coral Gables); Cushman, Carrollton, Ransom Everglades (Coconut Grove).
How is the Deering Estate different from Vizcaya?
Brothers built both. Vizcaya (Coconut Grove) was James Deering’s 1916 Italian Renaissance villa — bigger, more theatrical, more visited (it’s the famous Miami museum). The Deering Estate (Palmetto Bay) was Charles Deering’s quieter Mediterranean Revival winter estate — more nature-preserve-oriented, less ornate, more authentic-feeling. Vizcaya is the bigger destination; Deering is the quieter, more peaceful one many Miamians actually prefer.
Can I buy a Palmetto Bay property with Bitcoin?
Yes. Title companies in south Dade are experienced with BTC closings. BTC pricing displayed on every listing.
Get the Palmetto Bay market report — monthly
Bayfront estate trades, Palmetto-zone vs Pinecrest per-sqft tracking, Deering Estate cultural programming, Westminster + Palmer Trinity admissions trends.
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What the numbers say about living in Palmetto Bay
Each figure below is live from MIAMI MLS active inventory + FEMA flood data — nothing illustrative.
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Flood reality
About 25% of active for-sale homes here are mapped in a FEMA Special Flood Hazard Area. Confirm a specific home's zone, elevation and insurance before you buy.
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What you'll pay
Median asking price is $2,112,500 (about $719/sq ft) — +164% vs MCR median.
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What's available
Single Family Residence is the most common home type among the 40 homes for sale right now.
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Renting here
Median asking rent is $10,000/month across 6 active rentals — useful if you're weighing rent vs. buy.
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MiamiCityRealty.com LLC · 1000 5th St Ste 200, Miami Beach, FL 33139 · (305) 547-8912 · Robert Paulson, Broker · FL Lic. BK3286709. All MCR agents are REALTORS®, members of the National Association of REALTORS®. Equal Housing Opportunity. Median price, price-per-foot, inventory, days-on-market, the price trend and inventory mix are computed live from MIAMI MLS active for-sale inventory (not closed sales); the flood figure is from FEMA's National Flood Hazard Layer. All deemed reliable but not guaranteed and never an appraisal. Lifestyle and "best for" labels describe places, amenities and inventory — not people. In accordance with Florida §475.