Palmetto Bay Real Estate & Homes for Sale in Florida
Palmetto Bay Real Estate and Community Info
The schools are excellent, the landscape is beautiful and the atmosphere is relaxed; sunny Palmetto Bay-Miami has nearly everything a family needs. Home to approximately 25,000 people, Palmetto Bay-Miami is a quiet village located about 15 miles south of central Miami and just west of Biscayne Bay. The location affords quick access to several major roadways, including U.S. Route 1, State Route 874 and Florida’s Turnpike.(more)
In 2002, Palmetto Bay-Miami incorporated, officially combining the neighboring communities of Cutler and East Perrine.
The area is largely residential and is characterized by detached single-family homes with fenced yards, framed by a lush backdrop of natural trees, bushes and flowers. One of the village's most appealing features is the quality of its public education. Students living in the area usually attend the top rated schools of Coral Reef Elementary, Howard Drive Elementary, and Perrine Elementary, Southwood Middle School and Palmetto Middle School, and Miami Palmetto High School. Palmetto's campuses are managed by the Miami-Dade County Public Schools district, one of the largest public school districts in the country. Countywide, the district serves about 350,000 students and manages more than 330 campuses.
Local landmarks include Charles Deering Estate at Cutler, Miami Metrozoo, Kendall-Tamiami Executive Airport, Chapman Field Recreation Center, ITT-Snapper Creek Park, Fairchild Tropical Garden and Matheson Hammock County Park.
Palmetto Bay Homes for Sale
Home buyers looking for a suburban residence close to the sights and sounds of Miami should definitely consider Palmetto Bay-Miami. It is a community of established residential neighborhoods that offer both value-oriented properties and showcase homes. Average listing prices for properties in Palmetto Bay run at approximately $375,000. Prices for detached, single-family homes in Palmetto Bay-Miami range from less than $235,000 to upwards of $8 million. (more)
This range includes sprawling, waterfront estates, homes within gated communities, family residences, and modest starter properties. Swimming pools, fenced yards, attached garages and lush landscaping are some of the more common features available. Condos and townhomes in Palmetto Bay-Miami are priced starting at $80,000.
Palmetto Bay-Miami, Florida Average Home Sizes and Asking Prices
Palmetto Bay Real Estate Stats and Trends for the week of May 13th, 2013: homes priced around $175,652 compared to $808,333 the previous week, showing a decrease of less than -360%. For Saturday, May 18th, the current national mortgage rate for a 30 year fixed mortgage is 3.60%; the 15 year fixed rate is at 2.74%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 3.95%, while the 15 year jumbo rate currently is at 3.37%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Palmetto Bay FL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Palmetto Bay to help you find the best home!