Learn more about Palmetto Bay
The Village of Palmetto Bay is ideally situated on the shores of Biscayne Bay and blends old Florida charm with urban elegance. Its beautiful surroundings provide a wide variety of recreational opportunities, water sports and an extensive park system. Known for community involvement, attention to environmental concerns and strong business growth in both the public and private sectors, Palmetto Bay is a rapidly growing community that has earned its place among Miami’s most sought-after places to live and work.
Similar in nature to Pinecrest, Palmetto Bay is known for its large, single-family homes. Eighty-five percent of residents in Palmetto Bay own their homes with the average price of a home coming in at $489,600. Rental units bring in an average of $1,275. Known for its top-rated schools, low crime rate and family-friendly initiative, Palmetto Bay has been recognized as a first-choice community for raising families, a designation that the village is proud to hold.
In the friendly area of Palmetto Bay you’ll be in good company with around 24,148 residents with around 78% of those homeowners. With an average age of 39, the residents of Palmetto Bay are well established, made up of families of all age groups. Though fairly kicked back throughout the week, during weekends and holidays, you can see a lot more activity and excitement. Over the recent months roughly 89 homes have been sold with an average sold price of $1,019,225. That is a decrease of $84,567 from the previous period.
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