Palm Springs 5th Homes for Sale

Palm Springs 5th Addn Sec is a waterfront community in Hialeah, Miami-Dade County, Florida. Active listings are priced from $780,000 to $929,999. Homes were built between 1956 and 1957. Pure Equity lists homes in Palm Springs 5th 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 Palm Springs 5th and the Hialeah 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 Palm Springs 5th Hialeah homes for sale as of October 2026. The median asking price is $653,000. Asking prices run from $625,000 to $680,000.

That is 37% above the Hialeah median of $475,000. On a per-foot basis, homes here ask about $425 per square foot, compared with $320 across Hialeah. So the median price buys roughly 1,550 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 26 days on the market. That is faster than the Hialeah average of 120 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Palm Springs 5th date from 1956 to 1957. That puts them between 69 and 70 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.

Palm Springs 5th 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.

Here is what the median Palm Springs 5th price means in Florida closing terms. At $653,000, a 20% down payment comes to about $131,000, leaving a loan near $522,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,827. Next, the intangible tax of 0.2% adds about $1,044. 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 $3,915 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 Palm Springs 5th listings show assignments to Twin Lakes (elementary), Palm Springs (Miami-Dade) (middle) and Hialeah (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.