Palmetto Park Terrace Homes for Sale

Palmetto Park Terrace is a residential community in Boca Raton, Florida.

Pure Equity Realty covers Palmetto Park Terrace and the Boca Raton 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 2 Palmetto Park Terrace Boca Raton homes for sale as of September 2026. The median asking price is $842,000. Asking prices run from $839,000 to $845,000.

That is 51% above the Boca Raton median of $559,000. On a per-foot basis, homes here ask about $499 per square foot, compared with $353 across Boca Raton. So the median price buys roughly 1,700 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 54 days on the market. That is faster than the Boca Raton average of 112 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Palmetto Park Terrace date from 1960 to 1965. That puts them between 61 and 66 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Rentals in Palmetto Park Terrace have a median asking rent of $5,745 per month, across 2 active rental listings. For comparison, the Boca Raton median is $3,250, so rents here run 77% higher.

You can browse current Boca Raton rentals or ask us for a rent estimate on a specific Palmetto Park Terrace home.

Here is what the median Palmetto Park Terrace price means in Florida closing terms. At $842,000, a 20% down payment comes to about $168,000, leaving a loan near $674,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,358. Next, the intangible tax of 0.2% adds about $1,347. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Palmetto Park Terrace median, that is about $5,894.

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 Palmetto Park Terrace listings show assignments to Addison Mizner (elementary) and Boca Raton (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.