PALM ISLAND
Homes for Sale in Miami Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via miami
Palm Island trades in a category where the sale count is small enough that every closing moves the median. With only three closings in this window, the $25,000,000 figure and the $2,714.74 per-square-foot number are better read as a snapshot of what actually sold than as a stable pricing curve for the island as a whole.
A median days-on-market of 194 tells you these are considered, negotiated transactions rather than quick trades. Pricing here is set property by property — lot, water frontage, structure, and condition all move the number more than any broad market trend. Buyers should expect a deliberate process; sellers should expect it to take real time to find the right buyer at the right basis.
The 60-Second Overview
PALM ISLAND market snapshot (as of July 20, 2026): the median sale price is about $25M ($2715 per sq ft over the trailing 12 months of closed sales), and a median 194 days on market for closed sales.
Palm Island's market is defined less by volume than by the individual character of each home that comes up for sale, with pricing and timeline both shaped by a small number of transactions rather than broad demand patterns.
The setting & the homes.
Aerial and on-site photos of PALM ISLAND. Swipe to explore the community.
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PALM ISLAND
PALM ISLAND
PALM ISLAND
PALM ISLANDPhotos from miami listings in PALM ISLAND; content deemed reliable but not guaranteed.
Who PALM ISLAND is best for.
Best for
- Buyers with a substantial budget seeking a distinct property rather than a standardized comp-driven purchase.
- Sellers prepared for a longer marketing period in exchange for reaching the right buyer at full value.
- Buyers comfortable pricing a home on its individual attributes rather than a neighborhood average.
Probably not for
- Buyers expecting a quick closing timeline measured in weeks rather than months.
- Buyers relying on a deep set of recent comparables to validate price.
- Buyers seeking shared community amenities as part of the purchase — none are identified from current MLS listings.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 20 of each year, from record-level miami closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($25M) IS the median in the snapshot above.
Windows contain 0 to 9 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.
0% of homes for sale in ZIP 33139 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 (2026-07-18).
PALM ISLAND Market Scorecard
PALM ISLAND is currently a balanced market., and homes go under contract in about 365 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: miami, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in PALM ISLAND
Live MLS inventory for PALM ISLAND. 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 PALM ISLAND listings as of 2026-08-22, 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.
The PALM ISLAND buying strategy.
If we were buying in PALM ISLAND 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 PALM ISLAND.
A market of individual transactions, not trends
With a closings window of just three sales, Palm Island does not generate the transaction volume that produces a reliable market curve. The median price of $25,000,000 and median price per square foot of $2,714.74 reflect what those specific properties were — their size, condition, and position — more than they forecast what the next listing will command.
The 194-day median days-on-market fits a segment where marketing periods are longer by nature: fewer qualified buyers, more customized negotiations, and properties that are frequently unique enough that direct comparables are scarce. No community amenities are identified from current MLS listings, which is consistent with a market where individual estates carry their own private features rather than shared association infrastructure.
The location and the amenities are priced into every listing in PALM ISLAND. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thin on transactions, comparables have to be built property by property rather than pulled from a standard report. We track what has actually closed on Palm Island, understand why the days-on-market runs long here, and help clients price or negotiate against the real basis of a sale rather than an assumed one.
PALM ISLAND in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA. Confirm current dues
- 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 PALM ISLAND 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 PALM ISLAND sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in PALM ISLAND, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your PALM ISLAND home worth?
Get a no-obligation home value based on real comparable sales in PALM ISLAND, 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 PALM ISLAND on the map →
Frequently Asked Questions
What is the median home price in PALM ISLAND?
How long do homes in PALM ISLAND take to sell?
Do cash buyers compete in PALM ISLAND?
Who is the best real estate agent for PALM ISLAND?
How do I find a top Miami Beach real estate agent who knows PALM ISLAND?
Can Momentum Realty connect me with an agent for PALM ISLAND?
Should you buy in PALM ISLAND?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | miami closed sales, 12-month windows ending July 20, 2026 |
| Under-contract shares | miami records, as of 2026-07-18 |
| Historical depth | Closed-sale records back to 2012 (47 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 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 member average and 8 days faster, and we’ll price yours against live your area comps.
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See how PALM ISLAND fits the bigger picture — live prices, inventory, and Momentum Scores: