Palmetto Bay, Florida is a thriving community located in Miami-Dade County. Known for its beautiful parks, top-rated schools, and luxurious homes, Palmetto Bay has become a popular destination for families and investors alike.
The real estate market in Palmetto Bay is strong, with a median home value of $650,000. Homes in Palmetto Bay range in price from $200,000 for smaller properties to over $5 million for luxury estates. The median price per square foot for homes in Palmetto Bay is $269.
For those interested in condos, the median price in Palmetto Bay is $190,000, with prices ranging from $100,000 to over $1 million for luxury units. The median price per square foot for condos in Palmetto Bay is $172.
Apartments in Palmetto Bay are also available for those who prefer to rent. The median monthly rent for a one-bedroom apartment is $1,600, while a two-bedroom apartment rents for around $2,200 per month. Rental prices can vary based on location and amenities.
Investing in a house in Palmetto Bay is a wise choice due to the community’s strong real estate market, excellent schools, and close proximity to Miami’s top attractions. The community is known for its lush greenery, with many parks and natural areas for residents to enjoy. Popular parks include Coral Reef Park, which features a lake for fishing, hiking trails, and picnic areas. Bill Sadowski Park is another popular destination, offering nature trails and a butterfly garden.
Palmetto Bay is also home to some of the top-rated schools in Miami-Dade County, including Coral Reef Elementary School, Southwood Middle School, and Miami Palmetto Senior High School. This makes the community a great choice for families with children who are looking for excellent educational opportunities.
In addition to its natural beauty and top-rated schools, Palmetto Bay is also located close to Miami’s top attractions. Residents can easily access the vibrant nightlife and shopping of downtown Miami, as well as the beaches of South Beach and Key Biscayne.
In conclusion, Palmetto Bay, Florida is a desirable community for those looking to invest in real estate. With a strong real estate market, beautiful parks, excellent schools, and easy access to Miami’s top attractions, Palmetto Bay is a great place to call home.
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