Gem Homes No Three Homes for Sale

Gem Homes No Three is a waterfront community in Homestead, Miami-Dade County, Florida. Active listings are priced from $495,000 to $593,900. Homes were built starting 1973. Pure Equity lists homes in Gem Homes No Three 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 Gem Homes No Three and the Homestead 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 Gem Homes No Three Homestead homes for sale as of October 2026. The median asking price is $650,000.

That is 45% above the Homestead median of $449,000. On a per-foot basis, homes here ask about $333 per square foot, compared with $265 across Homestead. So the median price buys roughly 1,950 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 23 days on the market. That is faster than the Homestead average of 118 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Gem Homes No Three date from 1973, so they are about 53 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.

Gem Homes No Three 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 Gem Homes No Three price means in Florida closing terms. At $650,000, a 20% down payment comes to about $130,000, leaving a loan near $520,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,820. Next, the intangible tax of 0.2% adds about $1,040. 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 $3,899 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 Gem Homes No Three listings show assignments to Irving & Beatrice Peskoe K-8 (elementary), Redland (middle) and Homestead (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.