Palmetto Place Condo
Homes for Sale in Boca Raton, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Palmetto Place Condo trades at a median of $739,500 and $557 per square foot—the pricing reflects Boca Raton's coastal premium and the scarcity of available inventory in this market. With fourteen closings recorded in the window and a median time on market of 44 days, the community is absorbing units steadily but without the frenzy seen in single-family enclaves nearby.
Year-over-year appreciation of 15.5 percent signals strong demand, but buyers should understand that this price velocity is driven by broader Palm Beach County dynamics and limited condo supply, not necessarily condition or finish upgrades within individual units. Sellers have pricing power today; buyers need to underwrite based on what they see in the specific unit, not the trajectory of the neighborhood.
Palmetto Place Condo right now
🟢 Still climbing. The trailing-12-month median ($740K) is up 15.5% from the prior 12 months ($640K). With about a dozen 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 Beaches MLS closed sales, 12-month windows ending July 15. Confidence: Low (14 and 5 sales in the two windows).
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Updated July 15, 2026 · Live data: Beaches MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Palmetto Place Condo market snapshot (as of July 15, 2026): the median sale price is about $740K ($557 per sq ft over the trailing 12 months of closed sales), and a median 44 days on market for closed sales. The trailing-12-month median is up 16% from the prior 12 months, computed from record-level Beaches MLS closed sales (14 closings in the current window).
Palmetto Place Condo is a condominium community in Boca Raton where recent transactions show consistent pricing and moderate days on market, reflecting steady demand in a supply-constrained coastal market.
Who Palmetto Place Condo is best for.
Best for
- Buyers targeting Boca Raton coastal proximity and willing to pay the median for location rather than extensive on-site amenities
- Investors comfortable underwriting condominium governance and HOA financial health as part of the acquisition decision
- Downsizers or second-home buyers prioritizing a Boca Raton address with moderate inventory turnover and predictable pricing
Probably not for
- Buyers expecting resort-grade pools, fitness centers, or concierge services as part of the condominium offering
- Value shoppers seeking sub-median pricing or unwilling to compete in a market with sustained year-over-year price growth
- Purchasers uncomfortable with condominium board approval processes or detailed review of reserve studies and special assessment history
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Beaches MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($740K) IS the median in the snapshot above, and the move from 2025 ($640K) IS the +15.5% one-year change.
Windows contain 2 to 19 sales each (14 in the current window); every figure carries its sample size, and thin markets swing on single closings. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Deemed reliable but not guaranteed.
The Palmetto Place Condo buying strategy.
If we were buying in Palmetto Place Condo 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 Palmetto Place Condo.
What the market tells us
The fourteen closings captured here show a median of 44 days on market—not instant, but efficient for a condo product at this price point. The median of $557 per square foot positions Palmetto Place in the middle tier of Boca Raton condominiums; you are paying for location and the Boca Raton zip code, not necessarily for resort-grade amenities or recent capital improvements.
Year-over-year price growth of 15.5 percent reflects the broader Palm Beach County story: constrained inventory, strong in-migration, and persistent buyer demand. But condo markets are different from single-family—reserve studies, special assessments, and the building's deferred maintenance schedule matter as much as market momentum. MLS data shows no shared amenities flagged in recent listings, so buyers should verify what common facilities exist and their condition during due diligence.
The market heat score of 74 suggests a solid, if not overheated, environment. Units are moving, but buyers still have time to inspect and negotiate. Sellers should price to the current median and expect a realistic marketing period; overpricing here adds weeks, not offers.
The location and the amenities are priced into every listing in Palmetto Place Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Condominium transactions require a different diligence framework than single-family deals—reserve balances, board approval timelines, and assessment history are not always transparent in MLS listings. Momentum's team reads association documents before you write an offer, identifies red flags in financial disclosures, and calibrates your bid to the actual condition of the unit and the building's long-term health. We will tell you when the HOA financials do not support the asking price, and we will walk you away from a deal that looks clean on paper but presents material risk in the fine print.
Palmetto Place Condo 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 Palmetto Place Condo 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 Palmetto Place Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palmetto Place Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palmetto Place Condo home worth?
Get a no-obligation home value based on real comparable sales in Palmetto Place Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Palmetto Place Condo?
How long do homes in Palmetto Place Condo take to sell?
Who is the best real estate agent for Palmetto Place Condo?
How do I find a top Boca Raton real estate agent who knows Palmetto Place Condo?
Can Momentum Realty connect me with an agent for Palmetto Place Condo?
Should you buy in Palmetto Place Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Beaches MLS closed sales, 12-month windows ending July 15, 2026 |
| Under-contract shares | Beaches MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2005 (192 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 Beaches 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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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 Beaches MLS member average and 8 days faster, and we’ll price yours against live your area comps.
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