Palm Miami Heights
Homes for Sale in South Miami, FL
All 16 homes for sale in South Miami, FL · median $342,000 · 35 homes for sale in 33143 · Miami-Dade County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via MIAMI MLS
Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $5,000,000, $1,162 per square foot, a median 228 days on market, sellers accepting 76% of original asking (+62% 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 $87,970 ($87,250 with the full homestead exemption).
Last 30 days in Palm Miami Heights: 1 new listing (median asking $4,950,000). As of October 20, 2026, Listing information provided by the Southeast Florida MLS (SEFMLS) / MIAMI Association of REALTORS(R). Information is deemed reliable but not guaranteed by the MLS to be accurate.
Palm Miami Heights is trading on very few transactions, and that thin volume is doing a lot of work on the numbers. A median price of $5,100,000 and a per-square-foot figure north of $1,089 reflect what the handful of closed properties actually were, not a broad market consensus on value here.
The 201-day median days-on-market tells the real story: this is a slow-moving, negotiation-heavy segment where pricing discipline and patience matter more than urgency. A 164.9% year-over-year swing this large, on this few closings, should be read as a signal of volatility in the comp set, not a trend line to bank on.
Figures in this note are as of July 22, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Palm Miami Heights right now
🟢 Still climbing. The trailing-12-month median ($5M) is up 61.9% from the prior 12 months ($3.09M). With about 4 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 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 20, 2026 · Live data: MIAMI MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Nearby homes for sale
No active listings inside PALM MIAMI HEIGHTS right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Palm Miami Heights market snapshot (as of September 20, 2026): the median sale price is about $5M ($1162 per sq ft over the trailing 12 months of closed sales), and a median 228 days on market for closed sales. The trailing-12-month median is up 62% from the prior 12 months, computed from record-level MIAMI MLS closed sales (3 closings in the current window).
In ZIP 33143 (South Miami), 265 homes closed in the last 12 months at a median of $762K ($488/sq ft), up 2.7% year over year, with a median 57 days on market. Right now 97 active and 41 pending listings — a balanced market. See the live ZIP 33143 housing market and the Miami-Dade County market.
MIAMI REALTORS sales records identify 73 homes in PALM MIAMI HEIGHTS that have changed hands since 2007, built between 1946 and 2026 (median 1997), with a median living area of about 3,284 sq ft and a typical 5-bedroom, 4-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.
With only four closings in the current window, Palm Miami Heights functions less like a liquid market and more like a series of individual, high-value transactions, each one capable of swinging the median substantially.
Who Palm Miami Heights is best for.
Best for
- A buyer targeting a specific high-value property rather than shopping a broad price band
- A seller prepared for a longer marketing period, given the 201-day median days-on-market
- A buyer or seller comfortable pricing off individual property fundamentals rather than a stable neighborhood median
Probably not for
- A buyer expecting a fast, competitive-offer timeline
- A seller relying on a large, stable comp set to justify pricing
- A buyer who wants a community with an established package of shared amenities
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 ($5M) IS the median in the snapshot above, and the move from 2025 ($3.09M) IS the +61.9% one-year change.
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 2013 through 2026. Deemed reliable but not guaranteed.
32% of homes for sale in ZIP 33143 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 (2026-10-20).
Palm Miami Heights Market Scorecard
Palm Miami Heights is currently a balanced market., and homes go under contract in about 0 days.
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 Palm Miami Heights
Live MLS inventory for Palm Miami Heights. 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 Miami Heights listings as of 2026-10-18, 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 2013 through 2026. Tap any home to ask about it.
The Palm Miami Heights buying strategy.
If we were buying in Palm Miami Heights 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 Miami Heights.
Reading a market built on few data points
When a community closes only a handful of homes in a given window, every sale carries outsized statistical weight. The $5,100,000 median and $1,089.96 per-square-foot figure here are accurate representations of what did sell, but they are not a reliable predictor of what the next transaction will look like. Condition, lot, finish level, and specific property characteristics will move the needle far more than any broad market narrative.
The 201-day median days-on-market is the more instructive number for anyone pricing a sale or timing a purchase. It suggests sellers here should expect a longer runway to close and buyers should expect room to negotiate rather than compete. No community amenities are identified from current MLS listings, which means the value proposition in Palm Miami Heights is tied to the individual homes and their sites rather than a shared amenity package.
The location and the amenities are priced into every listing in Palm Miami Heights. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A market with this few closings and this much price dispersion is not one where you want a generic comp report. We track the actual transaction history property by property, so pricing a listing or structuring an offer in Palm Miami Heights is based on what closed and why, not on a median that can shift dramatically with the next sale.
Palm Miami Heights 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 Palm Miami Heights 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 Miami Heights sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palm Miami Heights, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
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Every Home for Sale in Palm Miami Heights Right Now (1)
All 1 active and pending Palm Miami Heights listings with a detail page, newest first, refreshed twice a day from the MLS.
- 5960 SW 79th St · $4,950,000 · 6 bd / 6 ba · listed Oct 6, 2026 · listed by Vendome Capital LLC
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Have a question about the homes, fees, rules or commute here? A Momentum agent who works Palm Miami Heights will answer, and the answer is published on this page for the next buyer.
Recent Developments in Palm Miami Heights
Development, infrastructure, retail, and school activity affecting Palm Miami Heights, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Retail & Dining
Shops at Sunset Place nears demolition for mixed-use redevelopment
The plan calls for 1,513 residences in seven towers of 12 to 33 stories, a 287-room hotel, a 1,300-seat theater, 202,462 square feet of retail and 65,892 square feet of office. Demolition is now targeted for early 2027 and a first phase around 2029. Plans estimate about $149 million in infrastructure improvements.
What it may mean for the marketReplaces a largely vacant mall with housing, hotel and street-level retail near Dadeland and the South Dade Metrorail line. The project is about 7 miles north of Palm Miami Heights, elsewhere in Miami-Dade County.
Source: Miami Today - September 2026Development
University of Miami agreement with Coral Gables would add a hospital of up to 100 beds
A development agreement would allow construction of a hospital with up to 100 beds on the university's Coral Gables campus, offering inpatient, outpatient and emergency care. The agreement would also reshape the campus, which includes the Gables Village residential complex of 1,458 beds slated for mid-2029. Cost, size and timeline for the hospital were not stated.
What it may mean for the marketA campus hospital would add inpatient and emergency care capacity and healthcare employment in the Coral Gables area. The site is about 8 miles north of Palm Miami Heights.
Source: Miami Today - September 2026Civic
Miami-Dade commissioners adopt $14.26 billion budget with flat tax rate
County commissioners approved the fiscal year 2026-27 budget after a meeting that ran from Thursday afternoon into Friday morning. The operating property tax rate stays flat at 4.57 mills. The county says the plan prioritizes public safety, parks and transportation amid slowing revenue growth.
What it may mean for the marketA flat operating millage keeps the county's property tax rate steady for owners across Miami-Dade for the coming fiscal year. The site is about 14 miles northeast of Palm Miami Heights.
Source: Local 10 News - September 2026Infrastructure
County committee reviews $101 million contract for MIA North Terminal baggage screening machines
A county committee is reviewing a $101 million contract to replace 25 explosives detection machines in the North Terminal's baggage-handling system at Miami International Airport. The work would take about four and two-thirds years and be phased to limit disruption.
What it may mean for the marketBaggage system upgrades at the airport support passenger throughput and airport-related operations over several years. The project is about 13 miles north of Palm Miami Heights, elsewhere in Miami-Dade County.
Source: Miami Today - 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 14 miles northeast of Palm Miami Heights, elsewhere in Miami-Dade County.
Source: The Real Deal - 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 13 miles northeast of Palm Miami Heights, 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.
Frequently Asked Questions
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Should you buy in Palm Miami Heights?
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: October 18, 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 2013 (46 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.
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More on Palm Miami Heights
- Home values · What homes in Palm Miami Heights actually sell for
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