The Banyan Drive Estates
Homes for Sale in Palmetto Bay, FL
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
Over the 12 months ending 2026-09-12, 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 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 12, 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.
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.
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
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level MIAMI MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($700K) IS the median in the snapshot above.
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.
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.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Miami-Dade County scorecard.
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.
THE BANYAN DRIVE ESTATES Market Scorecard
THE BANYAN DRIVE ESTATES is currently a thin data market. Limited supply, a median asking price of n/a.
Typical home value in the 33157 ZIP is $630,584, about 57.3% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. 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 2026-09-12, 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.
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.
HOA, CDD & Fees
- 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.
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.
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Frequently Asked Questions
What is the median home price in The Banyan Drive Estates?
How long do homes in The Banyan Drive Estates take to sell?
Who is the best real estate agent for The Banyan Drive Estates?
How do I find a top Palmetto Bay real estate agent who knows The Banyan Drive Estates?
Can Momentum Realty connect me with an agent for The Banyan Drive Estates?
Should you buy in The Banyan Drive Estates?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near The Banyan Drive Estates with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: September 12, 2026) |
| Community market stats | MIAMI MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-09-08 |
| Historical depth | Closed-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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See how THE BANYAN DRIVE ESTATES fits the bigger picture — live prices, inventory, and Momentum Scores: