Homestead Lakes Tennessee Homes for Sale

Homestead Lakes Tennessee is an age-restricted 55+ community in Homestead, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $495,000 to $535,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Homestead Lakes Tennessee 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 Homestead Lakes Tennessee 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 3 Homestead Lakes Tennessee Homestead homes for sale as of October 2026. The median asking price is $557,000. Asking prices run from $500,000 to $559,000.

That is 25% above the Homestead median of $445,000. On a per-foot basis, homes here ask about $310 per square foot, compared with $262 across Homestead. So the median price buys roughly 1,800 square feet of living area.

Listings here have averaged 77 days on the market. That is faster than the Homestead average of 124 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Homestead Lakes Tennessee date from 1979 to 1981. That puts them between 45 and 47 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 Homestead Lakes Tennessee have a median asking rent of $2,750 per month, across 3 active rental listings. For comparison, the Homestead median is $2,500, so rents here run 10% higher.

For investors, those medians imply a gross yield near 5.9% 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 Homestead rentals or ask us for a rent estimate on a specific Homestead Lakes Tennessee home.

Here is what the median Homestead Lakes Tennessee price means in Florida closing terms. At $557,000, a 20% down payment comes to about $111,000, leaving a loan near $446,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,560. Next, the intangible tax of 0.2% adds about $891. 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 $3,342 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 Homestead Lakes Tennessee listings show assignments to Gateway Environmental K-8 Learning Center (elementary), Homestead (middle) and Homestead (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.