The Palms Condo Homes for Sale

The Palms Condo is a community in Bay Harbor Islands, Miami-Dade County, Florida. Active listings are priced from $745,000 to $799,000. Homes were built starting 2018. Pure Equity lists homes in The Palms Condo and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers The Palms Condo and the Bay Harbor Islands area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 3 The Palms Condo Bay Harbor Islands homes for sale as of October 2026. The median asking price is $799,000. Asking prices run from $739,000 to $799,000.

That is 43% below the Bay Harbor Islands median of $1.4M. On a per-foot basis, homes here ask about $634 per square foot, compared with $878 across Bay Harbor Islands. So the median price buys roughly 1,250 square feet of living area.

Listings here have averaged 108 days on the market. That is faster than the Bay Harbor Islands average of 161 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in The Palms Condo date from 2018, so they are about 8 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

The Palms Condo has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

Rentals in The Palms Condo have a median asking rent of $4,975 per month, across 7 active rental listings. For comparison, the Bay Harbor Islands median is $4,200, so rents here run 18% higher.

For investors, those medians imply a gross yield near 7.5% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Bay Harbor Islands rentals or ask us for a rent estimate on a specific The Palms Condo home.

Here is what the median The Palms Condo price means in Florida closing terms. At $799,000, a 20% down payment comes to about $160,000, leaving a loan near $639,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,237. Next, the intangible tax of 0.2% adds about $1,278. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $4,794 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent The Palms Condo listings show assignments to Ruth K. Broad Bay Harbor K-8 (elementary) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.