Palmetto Park Terrace
Homes for Sale in Boca Raton, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Beaches MLS
As of September 2026, Palmetto Park Terrace in Boca Raton, FL has 2 homes for sale. Over the 12 months ending 2026-09-12, 5 recorded sales closed at a median of $850,000, $514 per square foot, a median 57 days on market, sellers accepting 96% of original asking. Homes listed or recently sold were built 1961–1967. At the median price and Palm Beach County's FY2025-26 rate of 18.72 mills, annual property tax runs about $15,910 ($15,140 with the full homestead exemption).
Palmetto Park Terrace sits in central Boca Raton, and the market is moving at a measured pace. The median fifty-seven days on market tells you this is not a neighborhood where buyers rush; it is a place where condition, finishes, and location within the community drive separation. At a median of $850,000, you are paying for established Boca positioning and mature landscaping—not waterfront or resort amenity, but solid residential context.
The 278 percent appreciation since 2012 reflects broad Palm Beach County momentum, but current inventory absorption suggests price discipline matters. Sellers who understand the pace and price appropriately will find their buyer; those who test the ceiling will wait longer. For buyers, this is a window to be selective—condition and layout matter more here than urgency.
Palmetto Park Terrace right now
🟡 Balanced market. 4.8 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Beaches MLS records, as of September 12, 2026. Confidence: Medium (2 active and pending listings, 5 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated September 12, 2026 · Live data: Beaches MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Palmetto Park Terrace market snapshot (as of September 12, 2026): the median sale price is about $850K ($514 per sq ft over the trailing 12 months of closed sales), a median 57 days on market for closed sales, and 4.8 months of supply, a balanced market.
Palmetto Park Terrace is a community of 241 homes in Boca Raton, Palm Beach County, built between 1959 and 1995 (median 1968), with a median living area of about 1,820 square feet. 85% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Palmetto Park Terrace is an established Boca Raton neighborhood trading at $850,000 median, with measured inventory turn and no formal amenity infrastructure—buyers come for the address and the mature streetscape, not a clubhouse or gate.
The setting & the homes.
Aerial and on-site photos of Palmetto Park Terrace. Swipe to explore the community.
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Palmetto Park TerracePhotos from Beaches MLS listings in Palmetto Park Terrace; content deemed reliable but not guaranteed.
Who Palmetto Park Terrace is best for.
Best for
- Buyers with $850,000 liquidity seeking central Boca location without the cost or commitment of a country-club membership.
- Cash or well-qualified buyers who can wait for the right home and negotiate from a position of readiness in a measured market.
- Households prioritizing mature lots, quiet streets, and proximity to Boca retail and dining over resort-style amenities.
Probably not for
- Buyers expecting multiple offers, bidding wars, or a market where speed alone wins—this is a negotiation-driven, condition-sensitive environment.
- Anyone requiring gated security, resort amenities, or a community clubhouse as part of the value proposition.
- Investors looking for rapid turnover or cosmetic-flip opportunities in a hot market—condition matters here, and the pace does not favor speculation.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level Beaches MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($850K) IS the median in the snapshot above.
Windows contain 2 to 10 sales each (5 in the current window); every figure carries its sample size, and thin markets swing on single closings. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Deemed reliable but not guaranteed.
25% of homes for sale in ZIP 33486 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-12).
Palmetto Park Terrace Market Scorecard
Palmetto Park Terrace is currently a balanced market. About 4.8 months of supply, a median asking price of $902,500, and homes go under contract in about 59 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Beaches MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Palmetto Park Terrace
Live MLS inventory for Palmetto Park Terrace. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Palmetto Park Terrace listings as of 2026-09-12, priced high to low. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Tap any home to ask about it.
Palmetto Park Terrace on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Beaches MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Palm Beach County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Addison Mizner · Elementary
- Boca Raton · High
Zoned schools reflect the assignments reported on recent Palmetto Park Terrace listings and can change; always confirm with Palm Beach County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Palmetto Park Terrace address.
The Palmetto Park Terrace buying strategy.
If we were buying in Palmetto Park Terrace today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Palmetto Park Terrace.
What the market posture tells you
Fifty-seven days median time on market is neither hot nor stalled—it is a posture that rewards preparation. Homes that show well and price within the current band move; those that need work or chase comps from a different season sit. The per-square-foot median of $514 is mid-market for central Boca, meaning the premium here is not driven by finishes or amenity access but by location familiarity and lot maturity.
The five closings in our current snapshot confirm steady but not aggressive activity. This is not a neighborhood where multiple offers are common; it is a market where the right buyer and the right seller find each other through patience and accurate pricing. The lack of formal community amenities means every home stands on its own merit—condition, orientation, updates, and curb appeal are the variables that separate a quick close from a long listing.
The 278 percent growth since 2012 places Palmetto Park Terrace in line with broader Palm Beach appreciation, but that is backward-looking context. What matters now is that current pricing reflects a market testing its ceiling. Buyers with cash or strong pre-approval have leverage to negotiate; sellers who acknowledge the pace and price to the current moment will do better than those anchored to last year's outliers.
The location and the amenities are priced into every listing in Palmetto Park Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Palmetto Park Terrace buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (7.8). Basis: Long-Term Appreciation +229% since 2012; Liquidity & Demand 4.8 months of supply; Owner Commitment 85% owner-occupied; Pricing Power 96.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Palmetto Park Terrace rewards broker work that goes beyond the listing sheet—knowing which streets have better drainage, which homes have had significant updates, and which sellers are motivated versus aspirational. We pull permit history, track days-on-market changes in real time, and help you read condition honestly before you write an offer. In a neighborhood where every home is its own case study, that ground-level diligence is the difference between a clean close and a surprise inspection.
Palmetto Park Terrace in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Palmetto Park Terrace buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Palmetto Park Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palmetto Park Terrace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palmetto Park Terrace home worth?
Get a no-obligation home value based on real comparable sales in Palmetto Park Terrace, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Palmetto Park Terrace on the map →
Frequently Asked Questions
What is the median home price in Palmetto Park Terrace?
How long do homes in Palmetto Park Terrace take to sell?
Is Palmetto Park Terrace a buyer's or seller's market right now?
How many homes are in Palmetto Park Terrace?
What share of Palmetto Park Terrace is owner-occupied?
When were the homes in Palmetto Park Terrace built?
Have Palmetto Park Terrace home prices gone up?
Who is the best real estate agent for Palmetto Park Terrace?
How do I find a top Boca Raton real estate agent who knows Palmetto Park Terrace?
Can Momentum Realty connect me with an agent for Palmetto Park Terrace?
Should you buy in Palmetto Park Terrace?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Palmetto Park Terrace with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Beaches MLS, refreshed twice daily (last: September 12, 2026) |
| Community market stats | Beaches MLS closed sales, 12-month windows ending September 12, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 33486)) |
| Under-contract shares | Beaches MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2006 (94 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Beaches MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Beaches MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Palmetto Park Terrace fits the bigger picture — live prices, inventory, and Momentum Scores: