Spanish Lakes 1st Homes for Sale

Spanish Lakes 1st is a residential community in Hialeah, Florida.

Pure Equity Realty covers Spanish Lakes 1st 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 a single listing for Spanish Lakes 1st Hialeah homes for sale as of October 2026. The median asking price is $590,000.

That is 24% above the Hialeah median of $475,000. On a per-foot basis, homes here ask about $434 per square foot, compared with $320 across Hialeah. So the median price buys roughly 1,350 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 146 days on the market. That is slower than the Hialeah average of 120 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Spanish Lakes 1st date from 1996 to 1998. That puts them between 28 and 30 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.

Here is what the median Spanish Lakes 1st price means in Florida closing terms. At $590,000, a 20% down payment comes to about $118,000, leaving a loan near $472,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,652. Next, the intangible tax of 0.2% adds about $944. 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 $3,540 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 Spanish Lakes 1st listings show assignments to Spanish Lake (elementary), Lawton Chiles (middle) and American (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.