Monterey At Malibu Bay Homes for Sale

Monterey At Malibu Bay is a residential community in Homestead, Florida.

Pure Equity Realty covers Monterey At Malibu Bay 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 15 Monterey At Malibu Bay Homestead homes for sale as of October 2026. The median asking price is $249,000. Asking prices run from $200,000 to $329,000.

That is 44% below the Homestead median of $445,000. On a per-foot basis, homes here ask about $251 per square foot, roughly in line with the city at $262. So the median price buys roughly 1,000 square feet of living area.

Listings here have averaged 144 days on the market. That tracks the Homestead average of 124 days, so pricing and terms follow the wider city market.

Homes listed in Monterey At Malibu Bay date from 2005, so they are about 21 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Monterey At Malibu Bay is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Monterey At Malibu Bay have a median asking rent of $1,990 per month, across 10 active rental listings. For comparison, the Homestead median is $2,500, so rents here run 20% lower.

For investors, those medians imply a gross yield near 9.6% 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 Monterey At Malibu Bay home.

Here is what the median Monterey At Malibu Bay price means in Florida closing terms. At $249,000, a 20% down payment comes to about $50,000, leaving a loan near $199,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $697. Next, the intangible tax of 0.2% adds about $398. 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 $1,494 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 Monterey At Malibu Bay listings show assignments to Mandarin Lakes K-8 Academy (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.