Palmetto Bay estate offers 5% buyer-agent compensation on rebuilt home

A fully rebuilt five-bedroom estate in Palmetto Bay is listing for $1,674,999 with a 5% buyer-agent compensation offer, a structure the seller says can cover agent fees and reduce buyer closing costs. The home’s recent permitted renovation, storm-resistant features and South Florida location are meant to stand out in a market where insurance and compensation rules matter more to buyers.

Why it matters: - The 5% buyer-agent compensation offer is unusual after the 2024 NAR settlement, when many sellers cut back on these incentives. - Any amount above a buyer agent’s fee can be applied as a credit toward the buyer’s closing costs. - The offer is designed to make the home more attractive to agents and buyers at the same time.

What happened: - The seller of 8820 SW 182nd Terrace in Palmetto Bay listed the fully rebuilt five-bedroom estate for $1,674,999. - The home is being marketed through LivePalmettoBay.com. - The seller is offering 5% total buyer-agent compensation. - Buyers and agents can review property details, the photo gallery and the written compensation agreement at LivePalmettoBay.com. - Showings are by appointment.

The details: - The residence measures 2,758 square feet, with 3,647 square feet under roof. - The estate sits on a 15,000-square-foot lot and has no HOA. - A permitted renovation was completed in 2025. - Major updates include a new electrical panel and wiring in 2024, new PVC plumbing throughout in 2024, a new metal roof in 2024, two new energy-efficient air conditioning systems in 2025, a new water heater and new concrete. - The property has CBS hurricane-resistant construction, a 2024 metal roof and Miami-Dade certified impact windows and doors throughout. - Inside, the home includes a custom oversized kitchen island with built-in under-cabinet storage, an integrated wine cooler, an expansive quartz countertop and a full suite of LG Smart appliances. - Porcelain tile runs throughout the home, and electric blinds cover every window. - The split floorplan includes two master suites with renovated en-suite bathrooms. - Outdoor features include a new 15x30 heated saltwater pool, a new fence, grass-paver accents and mature tropical landscaping. - The lot still has room for a private pickleball court. - An oversized air-conditioned two-car garage includes a Tesla EV charging station. - AT&T Fiber and Xfinity service the property. - The home is minutes from Westminster Christian School and Palmer Trinity School and is close to Old Cutler Road and the Deering Estate.

Between the lines: - The seller is leaning on both compensation and renovation quality to stand out in a competitive South Florida market. - Insurance resilience is a selling point because wind mitigation remains a major concern for Florida buyers. - The property’s layout also targets multigenerational households, not just traditional single-family buyers.

What's next: - Buyers and agents can schedule showings by appointment. - The compensation structure will likely be part of the home’s pitch as the listing circulates among local agents. - If the home attracts interest, the buyer-agent credit could reduce out-of-pocket closing costs for purchasers.