505 Deerfield Homes for Sale

505 Deerfield is a waterfront community in Deerfield Beach, Broward County, Florida. Active listings are priced from $240,000 to $374,999. Homes were built between 1974 and 1979. Pure Equity lists homes in 505 Deerfield 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 505 Deerfield and the Deerfield Beach 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 2 505 Deerfield Deerfield Beach homes for sale as of October 2026. The median asking price is $400,000. Asking prices run from $375,000 to $425,000.

That is 89% above the Deerfield Beach median of $212,000. On a per-foot basis, homes here ask about $280 per square foot, compared with $219 across Deerfield Beach. So the median price buys roughly 1,450 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 138 days on the market. That tracks the Deerfield Beach average of 129 days, so pricing and terms follow the wider city market.

Homes listed in 505 Deerfield date from 1974 to 1979. That puts them between 47 and 52 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

505 Deerfield includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

505 Deerfield is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Here is what the median 505 Deerfield price means in Florida closing terms. At $400,000, a 20% down payment comes to about $80,000, leaving a loan near $320,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,120. Next, the intangible tax of 0.2% adds about $640. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the 505 Deerfield median, that is about $2,800.

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.