Pine Bay Estates South Homes for Sale

Pine Bay Estates South is a residential community in Palmetto Bay, Florida.

Pure Equity Realty covers Pine Bay Estates South and the Palmetto Bay 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 Pine Bay Estates South Palmetto Bay homes for sale as of September 2026. The median asking price is $1.99M. Asking prices run from $1.99M to $2.0M.

That is 33% above the Palmetto Bay median of $1.5M. On a per-foot basis, homes here ask about $548 per square foot, roughly in line with the city at $553. So the median price buys roughly 3,650 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 141 days on the market. That is slower than the Palmetto Bay average of 98 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Pine Bay Estates South date from 1981, so they are about 45 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 Pine Bay Estates South have a median asking rent of $9,500 per month, across 1 active rental listing. For comparison, the Palmetto Bay median is $3,000, so rents here run 217% higher.

You can browse current Palmetto Bay rentals or ask us for a rent estimate on a specific Pine Bay Estates South home.

Here is what the median Pine Bay Estates South price means in Florida closing terms. At $1.99M, a 20% down payment comes to about $399,000, leaving a loan near $1.6M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $5,585. Next, the intangible tax of 0.2% adds about $3,191. 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 $11,967 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 Pine Bay Estates South listings show assignments to Coral Reef (Miami-Dade) (elementary), Southwood (middle) and Miami Palmetto (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.