Luxury Homes for Sale in Palmetto Bay, FL
The luxury market in Palmetto Bay starts at $1,000,000. This page is every active listing at that level, refreshed nightly from the MLS, with what has actually closed, where the inventory sits and how long it takes to sell. For the wider picture see luxury communities in Miami-Dade County.
46 luxury homes are for sale in Palmetto Bay, FL at $1,000,000 and up — median asking $1,712,500, the top listing at $6,500,000, $560 per square foot. Median days on market: 67.
Newest luxury listings in Palmetto Bay
The most expensive homes for sale in Palmetto Bay
| Listing | Asking | Sq ft | $ / sq ft | Community |
|---|---|---|---|---|
| 14100 Old Cutler Rd | $6,500,000 | 7,230 | $899 | Farmers Acres |
| 8151 SW 175Th St | $3,600,000 | — | — | d adesky properties |
| 6721 SW 140Th St | $3,300,000 | 5,079 | $650 | Shear Groves South |
| 16889 SW 73Rd Ct | $2,995,000 | 3,985 | $752 | Banyan Woods |
| 8440 SW 182Nd Ter | $2,699,000 | 3,614 | $747 | Section 22 Bel-Aire |
| 7440 SW 174Th St | $2,475,500 | 4,080 | $607 | Cutler Hammock |
| 17640 Old Cutler Rd | $2,399,000 | 3,582 | $670 | Reardon Acres |
| 17740 SW 83Rd Ave | $2,379,000 | 4,188 | $568 | Old Cutler Shores |
| 8920 SW 162Nd Ter | $2,375,000 | 3,944 | $602 | The Landings |
| 15144 SW 72Nd Ct | $2,200,000 | 3,200 | $688 | Old Cutler Estates |
Where the luxury inventory is
| Community | Luxury listings | Median asking |
|---|---|---|
| Royal Harbour Yacht Club | 3 | $1,995,000 |
| Groves At Old Cutler | 2 | $1,430,000 |
| The Landings | 2 | $1,987,500 |
| Southwood | 2 | $1,197,500 |
| Old Cutler Estates | 2 | $1,937,500 |
| Cape Cutler Estates | 2 | $1,332,500 |
| Garden Groves | 1 | $1,275,000 |
| Coral Reef Estates | 1 | $1,225,000 |
| east grove east | 1 | $1,499,000 |
| Pinewood Estates Second A | 1 | $1,850,000 |
| Roberts | 1 | $1,700,000 |
| Mirelda Estates | 1 | $1,979,000 |
Luxury inventory by price
| Band | For sale | Share |
|---|---|---|
| $1,000,000–$1,500,000 | 15 | 33% |
| $1,500,000–$2,000,000 | 19 | 41% |
| $2,000,000–$3,000,000 | 9 | 20% |
| $3,000,000–$5,000,000 | 2 | 4% |
| $5,000,000+ | 1 | 2% |
How to read this
Luxury is defined here as asking prices at or above $1,000,000. Counts, medians and closings come from active and closed MLS listings as of September 23, 2026; closings are the trailing 12 months. Listings appear courtesy of the listing brokerage under IDX rules; information deemed reliable but not guaranteed. See also all 19 homes for sale in Palmetto Bay and what $1M buys across Miami-Dade County.