Miami Luxury Condos · Palm Bay Towers
The median home is 2,957 square feet.
By Josh Stein · Florida license SL3057661 · Updated 1 October 2026
Verified 17 August 2026Miami-Dade County Property Appraiser1 source
Palm Bay Towers — photography to follow
Building facts
- Address
- 720 NE 69th St
- Neighborhood
- Miami
- Year built
- 1972
- Residences
- 67
- Status
- Delivered — completed 1972
Key Takeaways
- Palm Bay Towers recorded only two sales in the 12 months to 23 September 2026 — on the Miami-Dade County Property Appraiser record, too few for a reliable median. The latest recorded sale was on 21 May 2026. Own at Palm Bay Towers? Ask Josh what yours would sell for on WhatsApp.
- The median home is 2,957 square feet, and the seven qualified sales since 2024 have a median of $275 per square foot, lower than any of the 426 other buildings in my county-record set with five or more sales since 2024.
- 67 residences only at 720 NE 69th Street, with no commercial folios.
- There is no small inventory — the smallest home is 1,763 square feet. The mix is 42 three-bedrooms, 22 two-bedrooms, two four-bedrooms and one five-bedroom.
- The 2026 median assessed value is $484,433, for homes with a median of 2,957 square feet on Biscayne Bay.
- Per-foot medians have swung on few sales: $278 in 2023 (6 sales), $260 in 2024 (4), $440 in 2025 (1) and $422 in 2026 to date (2).
- It barely trades: six, four, one and two qualified sales across 2023 to 2026.
720 NE 69th Street, Miami, Florida | Neighborhood: Upper East Side
Large homes at a low assessed value
Counted against the Miami-Dade County Property Appraiser record on 23 September 2026, Palm Bay Towers returns 68 folios, of which 67 are residential, with no commercial folios.
The numbers are genuinely unusual. Heated area runs 1,763 to 5,914 square feet, with a median of 2,957 — meaning a large share of the building consists of its largest floorplate. The mix is 42 three-bedrooms, 22 two-bedrooms, two four-bedrooms and one five-bedroom, with nothing smaller.
Yet the median assessed value is just $484,433. Set that against the 98 other buildings in my county-record set with a median assessed value within 15% of that: their median home is 1,108 square feet, and none reaches 2,957. You are getting roughly 2.7 times the floor area for a similar assessed value, on Biscayne Bay in the Upper East Side.
Per-foot medians since 2023, on few sales
Qualified sales from the county record — arm’s-length only.
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 6 | $912,500 | $278 |
| 2024 | 4 | $517,500 | $260 |
| 2025 | 1 | $1,300,000 | $440 |
| 2026 to date | 2 | $1,047,500 | $422 |
Two things are true at once here, and both matter.
The yearly per-foot medians have swung widely: $260 in 2024, $440 in 2025 and $422 so far in 2026. The 2025 figure is one 2,957 sq ft sale, and the 2026 figure is the midpoint of two different sizes ($337 per square foot at 1,763 sq ft and $507 at 2,957 sq ft). Pooled, the seven sales since 2024 have a median of $275 per square foot, lower than any of the 426 other buildings in my county-record set with five or more sales since 2024.
The caveat is unavoidable: the 2025 row is a single sale and 2026 is two. Thirteen qualified sales across four years in a 67-home building is a very thin record, and the 2023 and 2024 medians of $912,500 and $517,500 show how violently the headline number swings when only four or five homes trade.
What I would take from it: the sale record shows no clear direction, with yearly medians between $258 and $440 per square foot since 2014, and the recent sample is too small to be precise.
Who is Palm Bay Towers right for?
This suits a buyer who wants a lot of space on the water and is genuinely indifferent to a prestige address. The median home is 2,957 square feet and the county assesses it at $484,433.
It requires patience in both directions. Thirteen sales in four years means inventory rarely appears, and an exit is a project rather than a transaction. That thin volume is also part of why pricing has lagged — few trades means few comparables, and few comparables makes buyers cautious.
If you are selling here, the closest comparables are the two 2026 sales, which were different sizes ($337 and $507 per square foot). If you are buying, expect a thin record to price against and an exit that takes time.
Palm Bay Towers — Frequently Asked Questions
What have homes at Palm Bay Towers sold for in the last 12 months?
Only two sales were recorded on the Miami-Dade County Property Appraiser record in the 12 months to 23 September 2026, too few to state a reliable median. The latest recorded sale was on 21 May 2026. A price for a specific home depends on its line, floor and condition. If you own at Palm Bay Towers, message Josh Stein on WhatsApp at (305) 695-8257.
How many units are in Palm Bay Towers?
The Miami-Dade County Property Appraiser records 68 folios at 720 NE 69th Street, of which 67 are residential. There are no commercial folios.
How big are the homes at Palm Bay Towers?
Heated area runs from 1,763 to 5,914 square feet, with a median of 2,957 — a large share of the building is its biggest floorplate. The mix is 42 three-bedrooms, 22 two-bedrooms, two four-bedrooms and one five-bedroom, with nothing smaller.
How does the price per square foot at Palm Bay Towers compare with other buildings?
The seven qualified sales since 2024 have a median of $275 per square foot, lower than any of the 426 other buildings in my county-record set with five or more sales since 2024. Yearly medians ran between $260 and $440 over 2023 to 2026. The record is thin, thirteen qualified sales in four years, so a few trades can move the figure.
What do condos at Palm Bay Towers sell for?
Two qualified sales so far in 2026: $595,000 for a 1,763 sq ft home ($337 per square foot) and $1,500,000 for a 2,957 sq ft home ($507), a median of $1,047,500 and $422 per square foot. The prior year recorded a single sale at $1,300,000 and $440 per square foot. These are very small samples.
What has the price per square foot done at Palm Bay Towers?
Yearly medians were $278 in 2023 (6 sales), $260 in 2024 (4), $440 in 2025 (1) and $422 in 2026 to date (2). The record is too thin to call a direction: the 2025 and 2026 figures rest on three sales of different sizes.
What does the sale record show about prices at Palm Bay Towers?
The seven qualified sales since 2024 have a median of $275 per square foot, against $267 across the 34 qualified sales of the 2010s. Thirteen qualified sales in four years, roughly three a year, is a thin record.
Sources and further reading
Palm Bay Towers Condos
720 NE 69th St, Miami, Florida 33138 | Neighborhood: Upper East Side
Home > Miami Luxury Condos > Palm Bay Towers
Palm Bay Towers is an intimate bayfront enclave offering comfort, design and several high-end amenities including a pool deck, fitness center and tennis courts.
Thinking about Palm Bay Towers?
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after.
Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.comRelated coverage
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