This rapidly expanding settlement got its name from the many palmetto palm trees that can be seen all along the main road and throughout the area. Palmetto Point is divided into two sections, North and South; the North is referred to by the locals as 'The Country' and the South as 'South Side'.
South Side was settled first, but due to the shortage of water, the settlers moved to the north side and that settlement flourished because it had fresh water wells. The south side is well settled today and has several tourist accommodations.
The first settlers carried the surnames, Bethel, Sands, and Knowles. A place of special interest on the north side is the massive 127-year-old Silk Cotton Tree, where many public functions are held.
This settlement can also boast about having two sons of the soil as Members of Parliament, namely Rev. Philip M. Bethel, who served from 1972-1997, and the Hon. Hank Johnson, who currently serves.