Deering Bay Estates Homes for Sale

Deering Bay Estates and Deering Bay are the same community in Coral Gables. Buyers know it as Deering Bay Estates, while MLS records file it as Deering Bay. It is a waterfront, luxury, condominium community in Miami-Dade County, Florida. Active listings run from $1,799,999 to $2,100,000, about $635 per square foot, averaging 212 days on market. Homes were built 1995. 3 homes are currently for sale. Pure Equity lists homes in Deering Bay Estates 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 Deering Bay Estates 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 a single listing for Deering Bay Estates Coral Gables homes for sale as of September 2026. The median asking price is $4.5M.

That is 132% above the Coral Gables median of $1.94M. On a per-foot basis, homes here ask about $1,064 per square foot, compared with $936 across Coral Gables. So the median price buys roughly 4,250 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 85 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 Deering Bay Estates date from 1995, so they are about 31 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Rentals in Deering Bay Estates have a median asking rent of $25,000 per month, across 1 active rental listing. For comparison, the Coral Gables median is $4,200, so rents here run 495% higher.

You can browse current Coral Gables rentals or ask us for a rent estimate on a specific Deering Bay Estates home.

Here is what the median Deering Bay Estates price means in Florida closing terms. At $4.5M, a 20% down payment comes to about $900,000, leaving a loan near $3.6M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $12,600. Next, the intangible tax of 0.2% adds about $7,200. 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 $27,000 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 Deering Bay Estates listings show assignments to Howard Drive (elementary), Palmetto (middle) and Miami Palmetto (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.