Mac Farlane Homestead Homes for Sale

Mac Farlane Homestead is a residential community in Coral Gables, Florida. Active listings are currently priced from $489K–$1.1M.

Pure Equity Realty covers Mac Farlane Homestead 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 Mac Farlane Homestead Coral Gables homes for sale as of October 2026. The median asking price is $782,000. Asking prices run from $489,000 to $1.07M.

That is 59% below the Coral Gables median of $1.9M. On a per-foot basis, homes here ask about $725 per square foot, compared with $934 across Coral Gables. So the median price buys roughly 1,100 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 120 days on the market. That tracks the Coral Gables average of 135 days, so pricing and terms follow the wider city market.

Homes listed in Mac Farlane Homestead date from 1930, so they are about 96 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 Mac Farlane Homestead have a median asking rent of $6,950 per month, across 1 active rental listing. For comparison, the Coral Gables median is $4,200, so rents here run 65% higher.

You can browse current Coral Gables rentals or ask us for a rent estimate on a specific Mac Farlane Homestead home.

Here is what the median Mac Farlane Homestead price means in Florida closing terms. At $782,000, a 20% down payment comes to about $156,000, leaving a loan near $626,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,190. Next, the intangible tax of 0.2% adds about $1,251. 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 $4,692 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 Mac Farlane Homestead listings show assignments to George Washington Carver (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.