Lakes By The Bay Faye Homes for Sale

Lakes By The Bay Faye is a residential community in Cutler Bay, Florida.

Pure Equity Realty covers Lakes By The Bay Faye 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 Lakes By The Bay Faye Cutler Bay homes for sale as of October 2026. The median asking price is $630,000.

That is 5% above the Cutler Bay median of $599,000. On a per-foot basis, homes here ask about $253 per square foot, compared with $323 across Cutler Bay. So the median price buys roughly 2,500 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Homes listed in Lakes By The Bay Faye date from 2013, so they are about 13 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Here is what the median Lakes By The Bay Faye price means in Florida closing terms. At $630,000, a 20% down payment comes to about $126,000, leaving a loan near $504,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,764. Next, the intangible tax of 0.2% adds about $1,008. 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 $3,780 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 Lakes By The Bay Faye listings show assignments to Dr. Edward L. Whigham (elementary), Cutler Bay Middle (middle) and Miami Southridge (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.