Pinewood Estates
Homes for Sale in Palmetto Bay, FL
All 15 homes for sale in Palmetto Bay, FL · median $315,000 · 70 homes for sale in 33157 · Miami-Dade County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
Over the 12 months ending 2026-11-10, 4 recorded sales closed at a median of $1,020,000, $505 per square foot, a median 32 days on market, sellers accepting 95% of original asking. At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $17,950 ($17,230 with the full homestead exemption).
Pinewood Ests 3rd Addn is pricing at a median of $875,000, with a median price per square foot of $499.09. That per-foot figure is the real story here — it tells you this is a market where the finish and condition of the specific house does most of the work in setting value, more than the address alone.
A median of 44 days on market, against a thin window of just 3 closings, means there is not a deep enough sample to call this a fast or slow market with confidence. Treat any pricing decision here as house-specific: lean on comparable condition and finish level rather than a broad neighborhood trend line.
Figures in this note are as of July 22, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside PINEWOOD ESTS 3RD ADDN 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
Pinewood Estates market snapshot (as of November 10, 2026): the median sale price is about $1.02M ($505 per sq ft over the trailing 12 months of closed sales), and a median 33 days on market for closed sales.
In ZIP 33157 (Palmetto Bay), 121 homes closed in the last 12 months at a median of $656K ($386/sq ft), with a median 47 days on market. Right now 114 active and 31 pending listings put supply at about 11.3 months — a buyer's market. See the live ZIP 33157 housing market and the Miami-Dade County market.
MIAMI REALTORS sales records identify 114 homes in PINEWOOD Estates that have changed hands since 2006, built between 1971 and 2026 (median 1977), with a median living area of about 2,315 sq ft and a typical 4-bedroom, 2-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.
A low-volume Miami-Dade micro-market where the median price per square foot of $499.09 signals that individual home condition and finish level are driving value more than any single amenity package.
Who Pinewood Estates is best for.
Best for
- Buyers comfortable pricing a home on its individual condition and finish rather than neighborhood-wide trend data.
- Sellers with a well-updated property who want a per-square-foot benchmark to support their asking price.
- Buyers working with a budget around the $875,000 median who are focused on the house itself, not shared amenities.
Probably not for
- Buyers who want a track record of fast, predictable turnover before committing.
- Anyone prioritizing built-in community amenities as part of the purchase decision.
- Sellers hoping broad market momentum, rather than their home's own condition, will carry the sale.
The Pinewood Estates buying strategy.
If we were buying in Pinewood Estates 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 Pinewood Estates.
What the numbers actually tell you
With only 3 closings in the current window, Pinewood Ests 3rd Addn does not generate enough transaction volume to support firm conclusions about pace or negotiating leverage. The median of 44 days on market is a useful data point, not a guarantee of how any single listing will move.
No community amenities are identified from current MLS listings, so buyers and sellers should not factor in shared recreational or lifestyle infrastructure as part of the value proposition here. Value is being set at the house level — condition, layout, and finish — which is consistent with a $499.09 median price per square foot in a market this thin.
The location and the amenities are priced into every listing in Pinewood Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market with only 3 recent closings, generic neighborhood averages are close to meaningless. We build the case for or against a specific house using its own condition and finish level against the closest true comparables, rather than leaning on a thin data set to make promises it cannot back up.
Pinewood Estates in 15 seconds.
Tools for a Pinewood Estates 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 Pinewood Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Pinewood Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Pinewood Estates home worth?
Get a no-obligation home value based on real comparable sales in Pinewood Estates, 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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Recently off market in PINEWOOD ESTS 3RD ADDN
Homes in PINEWOOD ESTS 3RD ADDN that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 3 on record.
- 8400 SW 178th St · off market
- 8440 SW 180th St · off market
- 8445 SW 181st Ter · off market
| Location | Palmetto Bay, Miami-Dade County, FL · ZIP 33157 |
|---|---|
| Sale prices, last 12 months | $1,020,000 median across 4 closed sales · $505 per sq ft |
| Days on market (closed sales) | 32 median |
| For sale right now | 0 active, 0 pending |
Data as of November 10, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2026 through 2026. Market figures describe homes, not residents. Cite as: Momentum Realty, “Pinewood Estates key facts,” movewithmomentum.com/neighborhoods/pinewood-ests-3rd-addn, data as of November 10, 2026.
More Palmetto Bay home searches
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- Palmetto Bay home values: what is my house worth?
- ZIP 33157 housing scorecard
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Recent Developments in Pinewood Ests 3rd Addn
Development, infrastructure, retail, and school activity affecting Pinewood Ests 3rd Addn, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Market
Gencom-led group buys 652-room InterContinental Miami on Biscayne Bay
Gencom and White Bridge Capital acquired the 34-story hotel at 100 Chopin Plaza from an entity tied to Strategic Hotels. Bloomberg sources put the price near $300M, though the buyers did not disclose it. The new owners plan to update the lobby and food and beverage offerings after the prior owner finished a room renovation.
What it may mean for the marketA hotel refresh next to Bayfront Park points to continued downtown hospitality and dining activity and steady hospitality employment near the waterfront. The site is about 2 miles south of Pinewood Ests 3rd Addn.
Source: Bisnow - October 2026Development
Casa Bella Residences opens at 1400 Biscayne Boulevard in Downtown Miami
Related Group and Alta Developers completed the 56-story, 650-foot tower with 319 residences, including 10 penthouses. Closings are underway and first residents have moved in, with more than 90 percent of homes reported under contract. Construction began in November 2023.
What it may mean for the marketAdds 319 completed homes to the downtown Biscayne corridor, close to existing transit, offices and dining. The site is less than a mile south of Pinewood Ests 3rd Addn.
Source: Florida YIMBY - October 2026Development
Sweetbird North breaks ground at 95 NE 40th Street in the Miami Design District
Miami Design District Associates and Raycliff Capital began an eight-story, 120,500 square foot building with more than 92,000 square feet of office and about 22,500 square feet of retail. Atria Health and Research Institute leased about 55,000 square feet and 26North will also join. Completion is expected in early 2028.
What it may mean for the marketAdds office space and ground-floor retail in the Design District, increasing nearby daytime employment and shopping options. The site is less than a mile north of Pinewood Ests 3rd Addn.
Source: Florida YIMBY - July 2026Development
Construction permits filed for two-tower Biscayne 18 in Edgewater
Melo Group filed construction permit applications with the City of Miami for Biscayne 18, a two-tower project with 1,178 residential units at 1825 Biscayne Boulevard in Edgewater. The towers reach about 465 feet across 45 stories, with an estimated construction cost of $321 million and space for office, retail, and a banquet hall.
What it may mean for the marketMoves a large two-tower residential project toward construction in Edgewater, adding more than a thousand units plus office and retail space along the Biscayne Boulevard corridor. The site is less than a mile southeast of Pinewood Ests 3rd Addn.
Source: Florida YIMBY - July 2026Development
OKO Lilli condo tower nabs Miami review board approval in Edgewater
The Miami Urban Development Review Board recommended approval for OKO Group's OKO Lilli, a 53-story tower with 117 units at 717 Northeast 27th Street in Edgewater. Plans include a 350-foot public baywalk, an eight-story garage with 244 spaces, and Aman-curated amenities.
What it may mean for the marketAdds a high-rise condo tower and a public baywalk to the Edgewater bayfront, expanding the local housing supply and waterfront access along Biscayne Bay. The site is less than a mile northeast of Pinewood Ests 3rd Addn.
Source: The Real Deal - July 2026Development
Foundation pour completed for Twenty Sixth and 2nd Wynwood Residences
Developers PMG and LNDMRK Development completed foundation work and began vertical construction on Twenty Sixth and 2nd, an 8-story building with 233 residences at 2600 NW 2nd Avenue in Wynwood. The project includes about 26,000 square feet of ground-floor retail and over 32,000 square feet of amenities, with completion expected in the second quarter of 2028.
What it may mean for the marketAdvances a new mid-rise rental building with ground-floor retail in the Wynwood district, adding housing units and street-level commercial space as vertical construction begins. The site is less than a mile northwest of Pinewood Ests 3rd Addn.
Source: Florida YIMBY
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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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: November 9, 2026) |
| Community market stats | MIAMI MLS closed sales, 12-month windows ending November 10, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-11-10 |
| Historical depth | Closed-sale records back to 2026 (4 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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