Cove 5th Homes for Sale

Cove 5th is a residential community in Deerfield Beach, Florida.

Pure Equity Realty covers Cove 5th 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 5 Cove 5th Deerfield Beach homes for sale as of October 2026. The median asking price is $2.4M. Asking prices run from $900,000 to $2.5M.

That is 1041% above the Deerfield Beach median of $210,000. On a per-foot basis, homes here ask about $962 per square foot, compared with $218 across Deerfield Beach. So the median price buys roughly 2,500 square feet of living area.

Listings here have averaged 61 days on the market. That is faster than the Deerfield Beach average of 130 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Cove 5th date from 1972 to 1978. That puts them between 48 and 54 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 Cove 5th have a median asking rent of $8,000 per month, across 3 active rental listings. For comparison, the Deerfield Beach median is $2,350, so rents here run 240% higher.

For investors, those medians imply a gross yield near 4.0% 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 Deerfield Beach rentals or ask us for a rent estimate on a specific Cove 5th home.

Here is what the median Cove 5th price means in Florida closing terms. At $2.4M, a 20% down payment comes to about $479,000, leaving a loan near $1.92M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $6,706. Next, the intangible tax of 0.2% adds about $3,832. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Cove 5th median, that is about $16,765.

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 Cove 5th listings show assignments to Deerfield Beach (elementary), Deerfield Beach (middle) and Deerfield Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.