Palmetto Park Terrace
Homes for Sale in Boca Raton, FL

Palmetto Park Terrace market snapshot (as of September 20, 2026): the median sale price is about $850K ($514 per sq ft over the trailing 12 months of closed sales), a median 57 days on market for closed sales, and 4.8 months of supply, a balanced market.

In ZIP 33486 (Boca Raton), 369 homes closed in the last 12 months at a median of $780K ($464/sq ft), up 43.0% year over year, with a median 36 days on market. Right now 58 active and 17 pending listings put supply at about 4.2 months — a balanced market. See the live ZIP 33486 housing market and the Palm Beach County market.

County records show 10 qualified sales in Palmetto Park Terrace across 2024–2025 (6 in 2024, 4 in 2025), median $875,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Palmetto Park Terrace is a community of 241 homes in Boca Raton, Palm Beach County, built between 1959 and 1995 (median 1968), with a median living area of about 1,820 square feet. 85% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Palmetto Park Terrace is an established Boca Raton neighborhood trading at $850,000 median, with measured inventory turn and no formal amenity infrastructure—buyers come for the address and the mature streetscape, not a clubhouse or gate.

• Addison Mizner · Elementary
• Boca Raton · High

Zoned schools reflect the assignments reported on recent Palmetto Park Terrace listings and can change; always confirm with Palm Beach County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Palmetto Park Terrace address.

Fifty-seven days median time on market is neither hot nor stalled—it is a posture that rewards preparation. Homes that show well and price within the current band move; those that need work or chase comps from a different season sit. The per-square-foot median of $514 is mid-market for central Boca, meaning the premium here is not driven by finishes or amenity access but by location familiarity and lot maturity.

The five closings in our current snapshot confirm steady but not aggressive activity. This is not a neighborhood where multiple offers are common; it is a market where the right buyer and the right seller find each other through patience and accurate pricing. The lack of formal community amenities means every home stands on its own merit—condition, orientation, updates, and curb appeal are the variables that separate a quick close from a long listing.

The 278 percent growth since 2012 places Palmetto Park Terrace in line with broader Palm Beach appreciation, but that is backward-looking context. What matters now is that current pricing reflects a market testing its ceiling. Buyers with cash or strong pre-approval have leverage to negotiate; sellers who acknowledge the pace and price to the current moment will do better than those anchored to last year's outliers.

Palmetto Park Terrace rewards broker work that goes beyond the listing sheet—knowing which streets have better drainage, which homes have had significant updates, and which sellers are motivated versus aspirational. We pull permit history, track days-on-market changes in real time, and help you read condition honestly before you write an offer. In a neighborhood where every home is its own case study, that ground-level diligence is the difference between a clean close and a surprise inspection.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.