55 Merrick Homes for Sale

55 Merrick Condo is an age-restricted 55+ community in Coral Gables, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $997,800 to $998,000. At least one resident per home must be 55 or older. Pure Equity lists homes in 55 Merrick and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers 55 Merrick and the Coral Gables 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 55 Merrick Coral Gables homes for sale as of October 2026. The median asking price is $625,000. Asking prices run from $500,000 to $749,000.

That is 68% below the Coral Gables median of $1.94M. On a per-foot basis, homes here ask about $618 per square foot, compared with $936 across Coral Gables. So the median price buys roughly 1,000 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 7 days on the market. That is faster than the Coral Gables average of 135 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in 55 Merrick date from 2008, so they are about 18 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

55 Merrick is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in 55 Merrick have a median asking rent of $3,100 per month, across 3 active rental listings. For comparison, the Coral Gables median is $4,200, so rents here run 26% lower.

You can browse current Coral Gables rentals or ask us for a rent estimate on a specific 55 Merrick home.

Here is what the median 55 Merrick price means in Florida closing terms. At $625,000, a 20% down payment comes to about $125,000, leaving a loan near $500,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,749. Next, the intangible tax of 0.2% adds about $999. 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 $3,747 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 55 Merrick listings show assignments to Coral Gables Preparatory Academy (elementary), Ponce De Leon (middle) and Coral Gables (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.