Deering Bay Homes for Sale

Deering Bay Condo Ii is a luxury waterfront, luxury community in Coral Gables, Miami-Dade County, Florida. Properties are priced from $1,800,000 to $2,200,000. Pure Equity lists homes in Deering Bay 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 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 Deering Bay Coral Gables homes for sale as of October 2026. The median asking price is $1.55M. Asking prices run from $1.3M to $1.8M.

That is 20% below the Coral Gables median of $1.94M. On a per-foot basis, homes here ask about $538 per square foot, compared with $936 across Coral Gables. So the median price buys roughly 2,900 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 246 days on the market. That is slower than the Coral Gables average of 135 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Deering Bay 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Deering Bay includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

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

At a median near $1.55M, Deering Bay sits in the luxury tier of Coral Gables. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median Deering Bay price means in Florida closing terms. At $1.55M, a 20% down payment comes to about $310,000, leaving a loan near $1.24M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $4,340. Next, the intangible tax of 0.2% adds about $2,480. 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 $9,300 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 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.