Palmetto Place
Condos for Sale in Boca Raton, FL

Palmetto Place market snapshot (as of September 20, 2026): the median sale price is about $775K ($617 per sq ft over the trailing 12 months of closed sales), a median 132 days on market for closed sales, and 3.0 months of supply, a balanced market.

In ZIP 33432 (Boca Raton), 677 homes closed in the last 12 months at a median of $1.05M ($523/sq ft), up 5.4% year over year, with a median 69 days on market. Right now 164 active and 43 pending listings put supply at about 2.9 months — a balanced market. See the live ZIP 33432 housing market and the Palm Beach County market.

BeachesMLS sales records identify 99 homes in Palmetto Place that have changed hands since 2003, built between 2002 and 2004 (median 2003), with a median living area of about 1,310 sq ft and a typical 2-bedroom, 2-bath layout; 99% are condominiums. Source: BeachesMLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Palmetto Place is a low-turnover Boca Raton enclave with minimal MLS activity over the past two years, making current pricing and inventory difficult to track. Buyers and sellers alike operate with limited comp history.

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Zoned schools reflect the assignments reported on recent Palmetto Place 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 Place address.

The defining characteristic of Palmetto Place is its opacity. With fewer than a handful of transactions recorded in recent memory, there's no established rhythm to inventory drops, no median price trend to chart, and no clear read on days-on-market norms. What that means in practice: a buyer who finds a listing here is often working from a thin data set, relying heavily on appraisal, inspection, and broker judgment rather than a robust recent-sales grid.

Boca Raton's broader market dynamics—land value, proximity to beaches and downtown—will influence what sellers ask and what appraisers defend, but hyperlocal comp support is sparse. If you're serious about a property in Palmetto Place, plan to invest time in title research, HOA documentation review if applicable, and a thorough property condition assessment. Sellers should expect buyers to move cautiously and come prepared with questions that can't be answered by a simple CMA.

The upside of low turnover is that owners tend to hold for the long term, which can signal satisfaction and stability. The downside is that when you do need to transact—whether buying in or selling out—you're navigating without the guardrails that active markets provide.

In a community with almost no recent transaction history, you need a broker who knows how to build value arguments from adjacent neighborhoods, read appraisal risk before you write the offer, and manage expectation gaps between list price and supportable market value. Momentum's team has deep Palm Beach County experience and the research discipline to advise confidently even when the comp set is thin. We will tell you when the data doesn't support the ask, and we'll help sellers price realistically for the one or two serious buyers who will surface in a low-inventory window.