Racewood Homes for Sale

Racewood is a residential community in Hialeah, Florida. Active listings are currently priced from $625K–$980K.

Pure Equity Realty covers Racewood 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 Racewood Hialeah homes for sale as of October 2026. The median asking price is $815,000. Asking prices run from $650,000 to $980,000.

That is 72% above the Hialeah median of $475,000. On a per-foot basis, homes here ask about $519 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 14 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 Racewood date from 1958 to 1960. That puts them between 66 and 68 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 Racewood have a median asking rent of $4,600 per month, across 1 active rental listing. For comparison, the Hialeah median is $2,250, so rents here run 104% higher.

You can browse current Hialeah rentals or ask us for a rent estimate on a specific Racewood home.

Here is what the median Racewood price means in Florida closing terms. At $815,000, a 20% down payment comes to about $163,000, leaving a loan near $652,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,282. Next, the intangible tax of 0.2% adds about $1,304. 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 $4,890 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 Racewood listings show assignments to Meadowlane (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.