Palmetto Bay is a Miami suburban incorporated village in Miami-Dade County, Florida.
Palmetto Bay is populated by quite a few smart, college-educated people with impressive degrees. If you're tired of the young party scene and want somewhere to settle down and live a quieter life, this city with its large percentage of married couples could be just what you're looking for. The residents of this place tend to have higher incomes.
Real estate prices in Palmetto Bay increased 2.6 percent this year to reach [an average listing price of $666,371] from a previous $649,620. In the meantime, the local for-sale market inventory slightly declined 1.4 percent last year to reach 205 for-sale listings. Several properties in Palmetto Bay have pools where neighbors, friends and family are often seen swimming, sunning and socializing. Nothing says relaxation like living right on the waterfront, and you'll find plenty of waterfront homes around here to give you that daily sense of peace and tranquility.