Momentum Housing Data · Home Values · Lee County
Buying here? See the Palms of Bay Beach homes for sale and the the Palms of Bay Beach community guide (Fort Myers Beach), or all Bay Beach homes for sale.
The Palms Of Bay Beach (Fort Myers Beach, FL): 11 recorded closings in the 12 months ending 2026-09-20, a 15-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 82.8% of original asking; the median sale took 155 days (window ending 2026-09-20).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $395,000 | $381 | 155 | 82.8% | 11 |
| 2025 | $499,000 | $461 | 112 | 92.5% | 6 |
| 2024 | $472,500 | $436 | 21 | 93.9% | 14 |
| 2023 | $497,500 | $462 | 41 | 89.5% | 4 |
| 2022 | $510,000 | $439 | 13 | 97.9% | 7 |
| 2021 | $465,000 | $376 | 2 | 99.5% | 6 |
| 2020 | $400,000 | $371 | 87 | 92.1% | 6 |
| 2019 | $377,000 | $320 | 18 | 96.0% | 14 |
| 2018 | $369,900 | $306 | 24 | 95.4% | 7 |
| 2017 | $340,000 | $296 | 60 | 94.0% | 12 |
| 2016 | $341,625 | $289 | 103 | 91.9% | 10 |
| 2015 | $347,500 | $309 | 35 | 94.1% | 8 |
| 2014 | $342,000 | $312 | 60 | 94.7% | 7 |
| 2013 | $302,900 | $265 | 111 | 91.5% | 3 |
| 2012 | $279,500 | $247 | 77 | 96.7% | 4 |
Over the recorded series, The Palms Of Bay Beach’s median sold price moved from $279,500 (2012) to $395,000 (12 months ending 2026-09-20) — +41% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2012 at $279,500. The 2020–22 run-up did what it did everywhere — The Palms Of Bay Beach’s median moved +35% from 2019 to 2022. Against the 2022 peak of $510,000, the current median stands at -23%. Annual sales volume here has ranged from 3 to 14 closings a year (10-yr average 8.7). With roughly 8.7 closings a year, The Palms Of Bay Beach’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.
Of the 26 recorded The Palms Of Bay Beach closings since 2024, half landed between $391,250 and $507,250 (the middle two quartiles); the lowest recorded sale was $305,000 and the highest $695,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.
| Sold price band | Share of closings | Sales |
|---|---|---|
| Under $375,000 | 4 (15%) | |
| $375,000 – $450,000 | 7 (27%) | |
| $450,000 – $525,000 | 9 (35%) | |
| $525,000 – $600,000 | 3 (12%) | |
| None and up | 3 (12%) |
The same recorded closings, split into thirds by living area. Find the row your home falls in: the $/sqft figure times your square footage is the recorded-sales bracket for homes like yours here — a starting range from real closings, not a valuation of your specific property. Larger homes here have been selling at a higher price per square foot than smaller ones ($442 vs $380) — less common, and usually a sign of newer or upgraded product at the top of the range.
| Size group | Median $/sqft | Median sold | Sold range | Sales |
|---|---|---|---|---|
| Smaller homes 1,024–1,024 sq ft | $380 | $389,500 | $360,000 – $560,000 | 8 |
| Mid-size homes 1,024–1,024 sq ft | $437 | $447,500 | $305,000 – $499,000 | 8 |
| Larger homes 1,024–1,499 sq ft | $442 | $504,500 | $445,000 – $695,000 | 10 |
From the live MLS feed as of 2026-10-01: The homes listed or recently sold were built between 1976 and 1977 (median 1977); 3 of 3 geocoded listed or recently sold homes sit inside a FEMA special flood hazard zone (A/V), which buyers’ lenders will price into insurance; median elevation 5 ft. See the current The Palms Of Bay Beach listings →
At The Palms Of Bay Beach’s $395,000 median and Lee County’s adopted 15.97 mills (FY2025-26), a home assessed at that price carries roughly $6,310 a year in property tax before exemptions, or about $5,640 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Lee County tax page.
Current asking prices run a median $414,900 against the $395,000 recorded sold median (+5%) — the gap between what sellers hope and what the record shows. Demand check: 0% of The Palms Of Bay Beach’s listings are under contract, against 8% for ZIP 33931 and 18% for Lee County as a whole — the community is currently absorbing slower than its surroundings, which is negotiating information. Momentum’s market-heat index for The Palms Of Bay Beach reads 8/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Asking and recorded sold prices are within a few percent of each other here, so the table above is close to what a The Palms Of Bay Beach buyer will actually pay; the spread on any single home comes down to size, condition and timing.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
By submitting, you agree Momentum Realty may contact you by phone, text, or email about your inquiry. Consent is not a condition of any purchase. Message/data rates may apply. Reply STOP to opt out. See our disclosures.
Communities buyers shopping The Palms Of Bay Beach are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| Hibiscus Pointe | $380,000 | $322 | 78 | 11 |
| Royal Pelican Townhouse | $343,000 | $280 | 81 | 5 |
| Palm Harbor Club | $535,000 | $346 | 169 | 4 |
| Waterside At Bay Beach | $643,750 | $406 | 65 | 16 |
More The Palms Of Bay Beach: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.