8701 SW 141st St APT A7, Palmetto Bay, FL 33176

Affordable Palmetto Bay Condo: Your Gateway to South Florida Living!

Discover an incredible opportunity at 8701 SW 141st St APT A7, Palmetto Bay, FL 33176! This charming 1-bedroom, 1-bathroom condo offers a cozy yet efficient 560 sqft of living space. Built in 1968, this unit is part of the well-established Casa Granada Condo community, known for its solid construction and convenient location.

Priced at an attractive $150,000, with an estimated refinance payment of just $1,496/month, this property presents exceptional value for those seeking an affordable entry into the highly desirable Palmetto Bay market. This price is significantly below the typical value for 1-bedroom condos in Palmetto Bay, which often range from $174,900 to $205,000, and is well under the Redfin estimate of $194,338. The Palmetto Bay condo market for 1-bedroom units saw a slight decrease of -1.1% year-over-year in June 2025, with an increased inventory of 1-bedroom homes for sale (+25% month-over-month), indicating a favorable buyer’s market where 80% of homes sold below asking price last month.

Palmetto Bay is renowned for its beautiful surroundings, family-oriented atmosphere, excellent public and private schools, and abundant green spaces like Coral Reef Park. Residents enjoy quick access to unique recreational opportunities on Biscayne Bay and a convenient commercial corridor along South Dixie Highway, with various shopping and dining options. This condo is ideal for a first-time homebuyer, a student attending nearby colleges (like Miami Dade College or the University of Miami), or an investor seeking a rental property in a strong market (average rent in 33176 is around $2,326/month).