Kings Bay Sub Homes for Sale

Kings Bay Sub is a luxury community in Coral Gables, Miami-Dade County, Florida. Properties are priced from $2,600,000 to $3,500,000. Pure Equity lists homes in Kings Bay Sub 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 Kings Bay Sub 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 3 Kings Bay Sub Coral Gables homes for sale as of October 2026. The median asking price is $2.4M. Asking prices run from $2.4M to $3.19M.

That is 23% above the Coral Gables median of $1.95M. On a per-foot basis, homes here ask about $956 per square foot, roughly in line with the city at $959. So the median price buys roughly 2,500 square feet of living area.

Listings here have averaged 162 days on the market. That tracks the Coral Gables average of 137 days, so pricing and terms follow the wider city market.

Homes listed in Kings Bay Sub date from 1969 to 1994. That puts them between 32 and 57 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.

At a median near $2.4M, Kings Bay Sub sits in the luxury tier of Coral Gables. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Kings Bay Sub have a median asking rent of $11,250 per month, across 4 active rental listings. For comparison, the Coral Gables median is $3,900, so rents here run 188% higher.

For investors, those medians imply a gross yield near 5.6% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

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

Here is what the median Kings Bay Sub price means in Florida closing terms. At $2.4M, a 20% down payment comes to about $480,000, leaving a loan near $1.92M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $6,720. Next, the intangible tax of 0.2% adds about $3,840. 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 $14,400 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 Kings Bay Sub 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.