Pinewood Estates
Homes for Sale in Palmetto Bay, FL
All 17 homes for sale in Palmetto Bay, FL · median $281,999 · 53 homes for sale in 33157 · Miami-Dade County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $890,000, $546 per square foot, a median 48 days on market, sellers accepting 91% of original asking (-2% versus the prior year). At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $15,660 ($14,940 with the full homestead exemption).
| Location | Palmetto Bay, Miami-Dade County, FL · ZIP 33157 |
|---|---|
| Sale prices, last 12 months | $890,000 median across 3 closed sales · $546 per sq ft · -2.2% vs the prior 12 months |
| Days on market (closed sales) | 48 median |
| For sale right now | 0 active, 2 pending |
Data as of September 20, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Market figures describe homes, not residents. Cite as: Momentum Realty, “PINEWOOD ESTS 3RD ADDN key facts,” movewithmomentum.com/neighborhoods/pinewood-ests-3rd-addn, data as of September 20, 2026.
Pinewood Ests 3rd Addn is pricing at a median of $875,000, with a median price per square foot of $499.09. That per-foot figure is the real story here — it tells you this is a market where the finish and condition of the specific house does most of the work in setting value, more than the address alone.
A median of 44 days on market, against a thin window of just 3 closings, means there is not a deep enough sample to call this a fast or slow market with confidence. Treat any pricing decision here as house-specific: lean on comparable condition and finish level rather than a broad neighborhood trend line.
Pinewood Estates right now
🟡 Off the recent peak. The trailing-12-month median ($890K) is down 2.2% from the prior 12 months ($910K). With about 2 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level MIAMI MLS closed sales, 12-month windows ending September 20. Confidence: Low (3 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 28, 2026 · Live data: MIAMI MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Pinewood Estates market snapshot (as of September 20, 2026): the median sale price is about $890K ($546 per sq ft over the trailing 12 months of closed sales), and a median 48 days on market for closed sales. The trailing-12-month median is down 2% from the prior 12 months, computed from record-level MIAMI MLS closed sales (3 closings in the current window).
In ZIP 33157 (Palmetto Bay), 572 homes closed in the last 12 months at a median of $588K ($383/sq ft), down 1.6% year over year, with a median 52 days on market. Right now 199 active and 76 pending listings put supply at about 3.6 months — a balanced market. See the live ZIP 33157 housing market and the Miami-Dade County market.
MIAMI REALTORS sales records identify 112 homes in PINEWOOD Estates that have changed hands since 2006, built between 1971 and 2026 (median 1977), with a median living area of about 2,327 sq ft and a typical 4-bedroom, 2-bath layout; 100% are single-family homes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
A low-volume Miami-Dade micro-market where the median price per square foot of $499.09 signals that individual home condition and finish level are driving value more than any single amenity package.
Who Pinewood Estates is best for.
Best for
- Buyers comfortable pricing a home on its individual condition and finish rather than neighborhood-wide trend data.
- Sellers with a well-updated property who want a per-square-foot benchmark to support their asking price.
- Buyers working with a budget around the $875,000 median who are focused on the house itself, not shared amenities.
Probably not for
- Buyers who want a track record of fast, predictable turnover before committing.
- Anyone prioritizing built-in community amenities as part of the purchase decision.
- Sellers hoping broad market momentum, rather than their home's own condition, will carry the sale.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level MIAMI MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($890K) IS the median in the snapshot above, and the move from 2025 ($910K) IS the -2.2% one-year change.
Windows contain 0 to 6 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Deemed reliable but not guaranteed.
36% of homes for sale in ZIP 33157 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 (2026-09-25).
Pinewood Estates Market Scorecard
Pinewood Estates is currently a balanced market..
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: MIAMI MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Pinewood Estates
Live MLS inventory for Pinewood Estates. 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 Pinewood Estates listings as of 2026-09-23, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Tap any home to ask about it.
Every Home for Sale in Pinewood Ests 3Rd Addn Right Now (2)
All 2 active and pending Pinewood Ests 3Rd Addn listings with a detail page, newest first, refreshed twice a day from the MLS.
- 8445 SW 181st Ter · $945,000 · 4 bd / 3 ba · pending · listed Aug 24, 2026 · listed by Coldwell Banker Realty
- 8440 SW 180th St · $1,250,000 · 4 bd / 3 ba · pending · listed Jul 6, 2026 · listed by Xcellence
Recent Developments in Pinewood Ests 3rd Addn
Development, infrastructure, retail, and school activity affecting Pinewood Ests 3rd Addn, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
Two-tower Gwen Cherry Residences slated for 170 NE 67th Street
Redwood Development Co. and Magasi, in partnership with Miami-Dade County, planned Gwen Cherry Residences, a 154-unit development across two towers of 11 and 10 stories at 170 NE 67th Street on a 1.6-acre site. The project includes 233 parking spaces and 7,700 square feet of ground-floor retail, replacing aging public housing from the 1970s that holds 24 units.
What it may mean for the marketReplaces older low-density public housing with two mid-rise towers, expanding the unit count on the site and adding ground-floor retail and structured parking. The project is about 3 miles north of Pinewood Ests 3rd Addn, elsewhere in Miami-Dade County.
Source: Florida YIMBY - July 2026Development
Construction permits filed for two-tower Biscayne 18 in Edgewater
Melo Group filed construction permit applications with the City of Miami for Biscayne 18, a two-tower project with 1,178 residential units at 1825 Biscayne Boulevard in Edgewater. The towers reach about 465 feet across 45 stories, with an estimated construction cost of $321 million and space for office, retail, and a banquet hall.
What it may mean for the marketMoves a large two-tower residential project toward construction in Edgewater, adding more than a thousand units plus office and retail space along the Biscayne Boulevard corridor. The site is less than a mile southeast of Pinewood Ests 3rd Addn.
Source: Florida YIMBY - July 2026Development
OKO Lilli condo tower nabs Miami review board approval in Edgewater
The Miami Urban Development Review Board recommended approval for OKO Group's OKO Lilli, a 53-story tower with 117 units at 717 Northeast 27th Street in Edgewater. Plans include a 350-foot public baywalk, an eight-story garage with 244 spaces, and Aman-curated amenities.
What it may mean for the marketAdds a high-rise condo tower and a public baywalk to the Edgewater bayfront, expanding the local housing supply and waterfront access along Biscayne Bay. The site is less than a mile northeast of Pinewood Ests 3rd Addn.
Source: The Real Deal - July 2026Development
619 Brickell by Nobu condo tower wins review board approval
The Miami Urban Development Review Board recommended approval for 619 Brickell by Nobu, a 75-story tower with 321 units from 13th Floor Investments and Key International at 619 Brickell Avenue. The design by Foster and Partners and Sieger Suarez preserves First Miami Presbyterian Church and adds ground-floor commercial space and a public baywalk.
What it may mean for the marketAdds a branded ultra-tall condo tower to the Brickell waterfront while preserving an existing church, expanding luxury housing and adding public baywalk and commercial space. The project is about 2 miles south of Pinewood Ests 3rd Addn, elsewhere in Miami-Dade County.
Source: The Real Deal - July 2026Development
Foundation pour completed for Twenty Sixth and 2nd Wynwood Residences
Developers PMG and LNDMRK Development completed foundation work and began vertical construction on Twenty Sixth and 2nd, an 8-story building with 233 residences at 2600 NW 2nd Avenue in Wynwood. The project includes about 26,000 square feet of ground-floor retail and over 32,000 square feet of amenities, with completion expected in the second quarter of 2028.
What it may mean for the marketAdvances a new mid-rise rental building with ground-floor retail in the Wynwood district, adding housing units and street-level commercial space as vertical construction begins. The site is less than a mile northwest of Pinewood Ests 3rd Addn.
Source: Florida YIMBY - June 2026Development
Grupo T&C plans 62-story 13th Edge tower near Brickell
Grupo T&C filed a pre-application with Miami-Dade County for 13th Edge, a 62-story, 648,700-square-foot tower at 237 Southwest 13th Street with 400 apartments and 400 hotel rooms. The project, designed by Kobi Karp Architecture, would replace the 36-unit El Vedado condominium built in 1972.
What it may mean for the marketIntroduces a large mixed-use residential and hotel tower to the area west of Brickell, adding hundreds of apartments and hotel rooms and replacing a small older condominium. The project is about 3 miles south of Pinewood Ests 3rd Addn, elsewhere in Miami-Dade County.
Source: The Real Deal
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Pinewood Estates buying strategy.
If we were buying in Pinewood Estates 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 Pinewood Estates.
What the numbers actually tell you
With only 3 closings in the current window, Pinewood Ests 3rd Addn does not generate enough transaction volume to support firm conclusions about pace or negotiating leverage. The median of 44 days on market is a useful data point, not a guarantee of how any single listing will move.
No community amenities are identified from current MLS listings, so buyers and sellers should not factor in shared recreational or lifestyle infrastructure as part of the value proposition here. Value is being set at the house level — condition, layout, and finish — which is consistent with a $499.09 median price per square foot in a market this thin.
The location and the amenities are priced into every listing in Pinewood Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market with only 3 recent closings, generic neighborhood averages are close to meaningless. We build the case for or against a specific house using its own condition and finish level against the closest true comparables, rather than leaning on a thin data set to make promises it cannot back up.
Pinewood Estates 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 Pinewood Estates 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 Pinewood Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Pinewood Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Pinewood Estates home worth?
Get a no-obligation home value based on real comparable sales in Pinewood Estates, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in PINEWOOD ESTS 3RD ADDN
Homes in PINEWOOD ESTS 3RD ADDN that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 8400 SW 178th St · off market
Frequently Asked Questions
What is the median home price in Pinewood Estates?
How long do homes in Pinewood Estates take to sell?
Who is the best real estate agent for Pinewood Estates?
How do I find a top Palmetto Bay real estate agent who knows Pinewood Estates?
Can Momentum Realty connect me with an agent for Pinewood Estates?
Where is Pinewood Estates, and what county is it in?
Should you buy in Pinewood Estates?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: September 23, 2026) |
| Community market stats | MIAMI MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (39 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 MIAMI 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 MIAMI MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how PINEWOOD ESTS 3RD ADDN fits the bigger picture — live prices, inventory, and Momentum Scores:
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