Lakes By The Bay Gee Homes for Sale

Lakes By The Bay Gee is an age-restricted 55+ community in Cutler Bay, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $429,900 to $580,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Lakes By The Bay Gee 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 Lakes By The Bay Gee 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 5 Lakes By The Bay Gee Cutler Bay homes for sale as of October 2026. The median asking price is $455,000. Asking prices run from $450,000 to $530,000.

That is 24% below the Cutler Bay median of $600,000. On a per-foot basis, homes here ask about $260 per square foot, compared with $323 across Cutler Bay. So the median price buys roughly 1,750 square feet of living area.

Listings here have averaged 76 days on the market. That is faster than the Cutler Bay average of 99 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Lakes By The Bay Gee date from 2006 to 2011. That puts them between 15 and 20 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.

Rentals in Lakes By The Bay Gee have a median asking rent of $2,800 per month, across 4 active rental listings. For comparison, the Cutler Bay median is $2,350, so rents here run 19% higher.

For investors, those medians imply a gross yield near 7.4% 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 Cutler Bay rentals or ask us for a rent estimate on a specific Lakes By The Bay Gee home.

Here is what the median Lakes By The Bay Gee price means in Florida closing terms. At $455,000, a 20% down payment comes to about $91,000, leaving a loan near $364,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,274. Next, the intangible tax of 0.2% adds about $728. 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 $2,730 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 Gee 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.