The Banyan Drive 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
As of November 2026, the Banyan Drive Estates in Palmetto Bay, FL has 1 home for sale. As of November 2026, the MLS records 1 closed sale in the Banyan Drive Estates in Palmetto Bay, FL, the most recent in October 2026. Across Palmetto Bay as a whole, 25 homes closed in the last 12 months at a median of $1,250,000, 68 median days on market, with 9 homes for sale today. At that median and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $21,990 ($21,280 with the full homestead exemption).
Last 30 days in The Banyan Drive Estates: 1 new listing (median asking $1,450,000). As of November 11, 2026, Listing information provided by the Southeast Florida MLS (SEFMLS) / MIAMI Association of REALTORS(R). Information is deemed reliable but not guaranteed by the MLS to be accurate.
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.
Figures in this note are as of July 22, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
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.
MIAMI REALTORS sales records identify 20 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.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who The Banyan Drive Estates is best for.
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
The market around The Banyan Drive Estates
The Banyan Drive Estates is too small for its own price trend, so here is the market around it.
In ZIP 33157, 237 homes are on the market and 17% are under contract — a slower corner of Palmetto Bay.
Across Miami-Dade County, 14,507 homes are active and 2,241 pending (13% under contract).
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.
ZIP and county figures describe the wider market, not The Banyan Drive Estates specifically. Momentum Research analysis of MLS records.
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 2026-11-11, 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 2026 through 2026. Tap any home to ask about it.
The The Banyan Drive Estates buying strategy.
If we were buying in The Banyan Drive 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 The Banyan Drive Estates.
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.
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.
Tools for a The Banyan Drive 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 The Banyan Drive Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in The Banyan Drive 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 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 all homes for sale in Palmetto Bay →
Should you buy in The Banyan Drive Estates?
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 11, 2026) |
| Under-contract shares | MIAMI MLS records, as of 2026-11-10 |
| Historical depth | Closed-sale records back to 2026 (1 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. A Momentum agent can price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how THE BANYAN DRIVE ESTATES fits the bigger picture — live prices, inventory, and Momentum Scores: