Palm Terrace
Homes for Sale in Miami-Dade County, FL
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
As of September 2026, Palm Terrace in FL has 2 homes for sale. As of September 2026, the MLS records 17 closed sales in Palm Terrace in FL since 2021, the most recent in February 2026.
Last 30 days in Palm Terrace: 1 new listing (median asking $2,700,000). As of September 18, 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 Terrace does not have enough recorded activity right now to support a real pricing trend. The current window shows only two closings, which is too small a sample to average into a median or read as a direction. Anyone quoting a firm number for this community off that volume is overstating what the data actually supports.
The practical posture here is comp-by-comp, not aggregate. A buyer or seller needs the specific closed sales pulled and compared on their own terms — condition, lot, square footage, timing — rather than leaning on a community-wide statistic that simply doesn't exist yet in a reliable form.
The 60-Second Overview
Current MLS records show two closings in the tracked window and no community amenities identified from active listings, so this is a market to evaluate property by property rather than by neighborhood-wide statistics.
MIAMI REALTORS sales records identify 16 homes in PALM TERRACE that have changed hands since 2008, built between 1925 and 2025 (median 2022), with a median living area of about 3,108 sq ft and a typical 4-bedroom, 4.5-bath layout; 81% are townhomes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Palm Terrace is best for.
Best for
- A buyer comfortable making a decision from direct comps rather than a published community trend
- A buyer or seller willing to verify amenities and community details firsthand rather than relying on listing summaries
- Someone targeting a specific property in this location rather than shopping the community broadly
Probably not for
- A buyer who wants a clear, data-backed price trend before committing
- A buyer relying on marketed community amenities as part of the decision
- Someone who wants to compare typical days-on-market or pricing patterns across many recent sales
The market around Palm Terrace
Palm Terrace is too small for its own price trend, so here is the market around it.
In ZIP 33133, 336 homes are on the market and 22% are under contract — a steady corner of Coconut Grove.
Across Miami-Dade County, 15,314 homes are active and 3,367 pending (18% under contract).
In ZIP 33133, 506 homes closed in the last 12 months at a median of $1.40M ($810/sq ft), up 6.4% year over year, with a median 62 days on market. Right now 201 active and 63 pending listings put supply at about 2.3 months — a balanced market. See the live ZIP 33133 housing market and the Miami-Dade County market.
ZIP and county figures describe the wider market, not Palm Terrace specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Palm Terrace
Live MLS inventory for Palm Terrace. 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 Terrace listings as of 2026-09-18, 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 2021 through 2026. Tap any home to ask about it.
Every Home for Sale in Palm Terrace Right Now (2)
All 2 active and pending Palm Terrace listings with a detail page, newest first, refreshed twice a day from the MLS.
- 2957 Coconut Ave · $2,700,000 · 4 bd / 4 ba · listed Sep 12, 2026 · listed by Compass Florida, LLC.
- 2986 Coconut Ave · $2,975,000 · 4 bd / 4 ba · listed Jun 23, 2026 · listed by Compass Florida, LLC.
The Palm Terrace buying strategy.
If we were buying in Palm Terrace 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 Terrace.
A Market Too Thin to Read in Aggregate
With only two closings recorded in the current window, Palm Terrace doesn't yet generate a data set large enough to describe a price trend, a typical days-on-market figure, or a pattern in buyer demand. That's not unusual for a small or lower-turnover community — it just means the analysis has to happen at the individual-listing level instead of the community level.
The MLS also does not show identified community amenities from current listings. That could mean the community simply doesn't carry shared amenities, or it could mean listing agents haven't documented them consistently. Either way, a buyer should confirm directly — through HOA documents, plat records, or a site visit — rather than assume based on what's marketed online.
The location and the amenities are priced into every listing in Palm Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
When the aggregate numbers are this thin, the work shifts to direct research: pulling the actual closed comps, checking county and HOA records for anything not reflected in active listings, and walking a buyer or seller through what those two closings really tell us versus what they don't. That's the level of legwork a community like this requires, and it's what we do before any pricing conversation starts.
Palm Terrace 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 Terrace 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 Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palm Terrace, 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 Terrace home worth?
Get a no-obligation home value based on real comparable sales in Palm Terrace, 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 Terrace on the map →
Should you buy in Palm Terrace?
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 18, 2026) |
| Under-contract shares | MIAMI MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2021 (17 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.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how PALM TERRACE fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Palm Terrace
Where is Palm Terrace?
Palm Terrace is a community in Miami-Dade County, Florida, ZIP 33133.
Are there homes for sale in Palm Terrace right now?
Yes — 2 active and 0 pending listings as of the last feed refresh (twice daily). They are listed on this page.
Does Palm Terrace have an HOA or CDD?
No HOA is on record for Palm Terrace in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
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