Palmetto Bay Real Estate Category
Just Listed: A Kings Bay Masterpiece
This beautiful home located at 6235 Marlin Drive is our newest listing and it just hit the market today! The property is located in the Kings Bay community, one of the best kept secrets in Miami real estate. Although the home has a Gables address, its location further south places it in Pinecrest’s school zone (Howard Dr. Palmetto Middle, Palmetto High). This home is a wonderful value for the wealth of features it provides: it has a signature Gables luxury feel, great schools, desirable location in a pristine gated community, quiet streets, and the boat ramp provides convenience for boaters. For more information visit 6235marlin.com or Contact Us for more details!
First Quarter Single Family Home Sales for Miami-Dade

The most expensive home to sell in Q1 in Miami. Located on Mashta Drive, Key Biscayne
Q1 Single Family Home Sales in Miami-Dade:
Almost all of the closed sales that occurred in Miami-Dade are in for the first quarter of 2011. The number of single family homes sold is up 13% over Q1 of 2010 and up 129% from the first quarter of 2008. The lowest price homes are still far outpacing the rest of the market with 90% of sales going for less than $500,000 and only 3.7% over $1 million.
Below are more detailed Q1 stats for much of the county. Pricing varies a great deal by area, but two of the overall hot spots in the first quarter were Miami Beach and Key Biscayne.
If we didn’t include the area where you live, just give us a call – we’d love to hear from you and give you the scoop in person.
Year-over-year comparisons of Miami real estate Q1 2011 to Q1 2010
Coconut Grove:
- # of homes sold: Up 40%
- Avg sale price/sq ft: Down 13%
Coral Gables:
- # homes sold: Down 8.6%
- Avg sale price/sq ft: Down 9.5%
Key Biscayne: (One of the brightest spots in the market!)
- # homes sold: Up 100%
- Avg sale price/sq ft: Up 16%
Miami Beach:
- # homes sold: Up 19%
- Avg sale price/sq ft: Down .5%
Palmetto Bay:
- # homes sold: Up 47%
- Avg sale price/sq ft: Down 8%
Pinecrest:
- # Homes sold: Down 8.6%
- Avg sale price/sq ft: Down 5.4%
Pinecrest vs. Palmetto Elementary – By the Numbers
A few days ago, during a debate as to which is the better school, Pinecrest or Palmetto Elementary, a friend of mine asked me for the average price-per-square foot of a home within each of the two boundary areas. While I pretty much knew the answer for the Palmetto school district, I rarely look at the Pinecrest Elementary district as a whole that way and thought it would be interesting to find out.
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