The Banyan Drive Estates
Homes for Sale in Miami-Dade County, FL

Community in Palmetto Bay · Miami-Dade County · ZIP 33157
Median sale $700K
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True comps, carrying-cost math, and listings before the portals.

Photo via MIAMI MLS

Built fromLive MIAMI MLS data8 years of closingsUpdated twice daily

Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $700,000, $373 per square foot, a median 64 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 $12,320 ($11,600 with the full homestead exemption).

THE BANYAN DRIVE ESTATES key facts
LocationMiami-Dade County, FL · ZIP 33157
Sale prices, last 12 months$700,000 median across 3 closed sales · $373 per sq ft
Days on market (closed sales)64 median
For sale right now0 active, 1 pending

Data as of September 20, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2018 through 2026. Market figures describe homes, not residents. Cite as: Momentum Realty, “THE BANYAN DRIVE ESTATES key facts,” movewithmomentum.com/neighborhoods/the-banyan-drive-estates, data as of September 20, 2026.

Live · The Banyan Drive Estates Housing Pulse MIAMI MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$700K
Median sold · 12 mo
$373/sf
Sold $/sqft · 12 mo
peak $442 in 2024
95.1%
Sale vs ask
Tempo
64days
Median DOM · closed
38 days at the 2024 low
100%
Under contract
Miami-Dade: 18% (3,367 of 18,681)
0 · 1
For sale · pending
live counts, refreshed twice daily
3
Sold · last 12 mo
10-yr average: about 2 a year
Track record · 8 years of records
1,879sqft
Median sold home size
12-mo windows, closed sales
Jon Brooks, founder of Momentum Realty
Jon's Current Read

The number that matters most here is the sample size, not just the price. With only three closings in the current window, a $700,000 median and a $372.54 median price per square foot are useful directional signals, not a settled market curve. One or two unusual sales can move both figures more than they would in a higher-volume community.

A median 64 days on market points to a deliberate, not urgent, pace. Sellers should price with the expectation of a longer marketing period and buyers who are engaged but not rushed. In a thin data set like this, comparable-sale analysis on the specific home matters more than leaning on the community median alone.

The 60-Second Overview

The Banyan Drive Estates market snapshot (as of September 20, 2026): the median sale price is about $700K ($373 per sq ft over the trailing 12 months of closed sales), and a median 64 days on market for closed sales.

In ZIP 33157, 572 homes closed in the last 12 months at a median of $588K ($383/sq ft), down 1.6% year over year, with a median 52 days on market. Right now 199 active and 76 pending listings put supply at about 3.6 months — a balanced market. See the live ZIP 33157 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 19 homes in THE BANYAN DRIVE ESTATES that have changed hands since 2006, built between 1957 and 1990 (median 1970), with a median living area of about 2,126 sq ft and a typical 3-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.

Banyan Drive Estates trades at a median of $700,000 on a small number of recent closings, which means each sale carries more weight in setting the market's tone than it would in a larger community.

Best for

  • Buyers targeting a purchase near the $700,000 median who are prepared to evaluate each available home on its own merits
  • Buyers with flexibility on timeline, given a median 64-day marketing period
  • Sellers comfortable pricing off a small comparable-sales set with guidance on where their specific home fits

Probably not for

  • Buyers who want a deep pool of active listings to compare before deciding
  • Buyers relying on established community amenities as part of the purchase decision, since none are currently identified in MLS data
  • Sellers expecting a fast, high-volume sale process based on recent transaction pace

Windows contain 0 to 3 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2018 through 2026. Deemed reliable but not guaranteed.

Homes sold per 12-mo window
012320182020202220242026
0 to 3 a year; 3 in the current window.

The real cost & risk here

Before the list price, the Florida math the portals skip. These are Miami-Dade County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.

$3,210/mo
Miami-Dade County typical true cost to own
$158/mo
Miami-Dade County typical home insurance
Check CDD
Confirm before you offer

County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.

How much local inventory is already under contract

36% of homes for sale in ZIP 33157 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-24).

The Banyan Drive Estates Market Scorecard

Balanced

The Banyan Drive Estates is currently a balanced market..

$700,000
Median sold
0/1/0
Active/Pend/Sold

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: MIAMI MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

Homes For Sale Right Now in The Banyan Drive Estates

Live MLS inventory for The Banyan Drive Estates. 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 The Banyan Drive Estates listings as of 2026-09-23, 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 2018 through 2026. Tap any home to ask about it.

Every Home for Sale in The Banyan Drive Estates Right Now (1)

All 1 active and pending The Banyan Drive Estates listings with a detail page, newest first, refreshed twice a day from the MLS.

  • 17721 SW 93rd Ave · $825,000 · 3 bd / 2 ba · pending · listed Aug 31, 2026 · listed by BHHS EWM Realty

If we were buying in The Banyan Drive Estates today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 The Banyan Drive Estates.

Best Buy
Buyers and sellers comfortable making decisions on a small, closely-read data set rather than a high-volume comp pool.
Biggest Risk
With only three recent closings, the median price and price-per-square-foot can shift significantly with the next sale.
Sweet Spot
Buyers who have done their homework on the specific comparable sales, not just the community median.
Avoid If
You need a deep, active inventory pool to benchmark against before making an offer.

A market defined by low volume

Three closings in the current window is a small enough sample that the median price and median price per square foot should be read as a snapshot, not a trend line. A single high- or low-end sale can shift both numbers meaningfully. Anyone pricing a listing or evaluating an offer here should look closely at the individual comparable sales behind the median rather than treating $700,000 as a fixed benchmark.

The median 64-day time on market suggests buyers are taking their time, which is typical when inventory is limited and each listing is evaluated on its own condition and lot rather than against a deep set of active competitors. No community amenities are identified from current MLS listings, so buyers should confirm directly what, if anything, is included with a given property rather than assuming shared amenities are part of the value proposition.

“

The location and the amenities are priced into every listing in The Banyan Drive Estates. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a low-volume market like this, the median price alone will not tell you what a specific home is worth. We pull the underlying comparable sales, weigh condition and lot differences, and help you set a number — offer or list price — that reflects the actual property, not just the community-wide snapshot.

The Banyan Drive Estates in 15 seconds.

Best forBuyers and sellers comfortable making decisions on a small, closely-read data set rather than a high-volume comp pool.
Biggest advantageA median price point near $700,000 with room for individual homes to price above or below based on condition and lot.
Biggest riskWith only three recent closings, the median price and price-per-square-foot can shift significantly with the next sale.
Sweet spotBuyers who have done their homework on the specific comparable sales, not just the community median.
Avoid ifYou need a deep, active inventory pool to benchmark against before making an offer.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the The Banyan Drive Estates homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in The Banyan Drive Estates.
In short
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed The Banyan Drive Estates sales matched to your home.

What is your The Banyan Drive Estates home worth?

Get a no-obligation home value based on real comparable sales in The Banyan Drive 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.

See homes for sale in The Banyan Drive Estates on the map →

Real comps, not an automated estimate.

Frequently Asked Questions

What is the median home price in The Banyan Drive Estates?
The median sale price in The Banyan Drive Estates was $700K over the 12 months ending September 20, 2026 (3 closed sales, MIAMI MLS).
How long do homes in The Banyan Drive Estates take to sell?
Homes that closed in the 12 months ending September 20, 2026 took a median 64 days on market (3 sales, MIAMI MLS).
Who is the best real estate agent for The Banyan Drive Estates?
The best agent for The Banyan Drive Estates is one who actively works Palmetto Bay and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for The Banyan Drive Estates.
How do I find a top Palmetto Bay real estate agent who knows The Banyan Drive Estates?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows The Banyan Drive Estates and the wider Palmetto Bay area.
Can Momentum Realty connect me with an agent for The Banyan Drive Estates?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your The Banyan Drive Estates purchase or sale - no call center and no pressure.
Buyers targeting a purchase near the $700,000 median who are prepared to evaluate each available home on its own meritsExcellent fit
Buyers with flexibility on timeline, given a median 64-day marketing periodExcellent fit
Sellers comfortable pricing off a small comparable-sales set with guidance on where their specific home fitsExcellent fit
Buyers who want a deep pool of active listings to compare before decidingProbably not
Buyers relying on established community amenities as part of the purchase decision, since none are currently identified in MLS dataProbably not
Sellers expecting a fast, high-volume sale process based on recent transaction paceProbably not

Data sources & freshness

Live listingsMIAMI MLS, refreshed twice daily (last: September 23, 2026)
Community market statsMIAMI MLS closed sales, 12-month windows ending September 20, 2026
Under-contract sharesMIAMI MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 2018 (14 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.

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CallFree valuation →
Thinking of selling in THE BANYAN DRIVE ESTATES? 3 recorded closings; median 64 days on market (window ending 2026-09-20). See the Miami-Dade County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.

Nearby Communities

Explore more neighborhoods near The Banyan Drive Estates with Momentum Realty’s local guides.

Orchard Estates0.1 mi away · median $805K, 5 sales/12 moHerman Hills0.2 mi awaySinfin0.3 mi awayVHVillage Homes And Condos0.3 mi awayVHVillage Homes0.4 mi away · 165 homes, built 1987–89Harriel Estates0.4 mi awayFranjo Park0.4 mi away · 3 for salePinewood Estates Second A0.4 mi away · median $958K, 4 sales/12 mo

Browse all neighborhood guides →

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