The Palms 51 Condo Homes for Sale

The Palms 51 Condo is a residential community in North Miami Beach, Florida. Active listings are currently priced from $163K–$195K.

Pure Equity Realty covers The Palms 51 Condo and the North Miami Beach 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 9 The Palms 51 Condo North Miami Beach homes for sale as of September 2026. The median asking price is $175,000. Asking prices run from $149,000 to $195,000.

That is 67% below the North Miami Beach median of $530,000. On a per-foot basis, homes here ask about $266 per square foot, compared with $401 across North Miami Beach. So the median price buys roughly 650 square feet of living area.

Listings here have averaged 126 days on the market. That is faster than the North Miami Beach average of 158 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in The Palms 51 Condo date from 1965 to 1967. That puts them between 59 and 61 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

The Palms 51 Condo is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in The Palms 51 Condo have a median asking rent of $1,600 per month, across 3 active rental listings. For comparison, the North Miami Beach median is $2,300, so rents here run 30% lower.

For investors, those medians imply a gross yield near 11.0% 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 North Miami Beach rentals or ask us for a rent estimate on a specific The Palms 51 Condo home.

Here is what the median The Palms 51 Condo price means in Florida closing terms. At $175,000, a 20% down payment comes to about $35,000, leaving a loan near $140,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $490. Next, the intangible tax of 0.2% adds about $280. 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 $1,050 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 51 Condo listings show assignments to Fulford (elementary), John F. Kennedy (Miami-Dade) (middle) and North Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.