Eureka Drive Estates Homes for Sale

Eureka Drive Estates is a residential community in Cutler Bay, Florida.

Pure Equity Realty covers Eureka Drive Estates and the Cutler Bay 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 Eureka Drive Estates Cutler Bay homes for sale as of October 2026. The median asking price is $800,000.

That is 34% above the Cutler Bay median of $599,000. On a per-foot basis, homes here ask about $401 per square foot, compared with $323 across Cutler Bay. So the median price buys roughly 2,000 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 19 days on the market. That is faster than the Cutler Bay average of 90 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Eureka Drive Estates date from 1963, so they are about 63 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.

Here is what the median Eureka Drive Estates price means in Florida closing terms. At $800,000, a 20% down payment comes to about $160,000, leaving a loan near $640,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,240. Next, the intangible tax of 0.2% adds about $1,280. 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 $4,800 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.