Portofino Bay Homes for Sale

Portofino Bay 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 $440,000 to $489,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Portofino Bay 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 Portofino 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 7 Portofino Bay Homestead homes for sale as of October 2026. The median asking price is $440,000. Asking prices run from $369,000 to $490,000.

That sits close to the Homestead median of $449,000. On a per-foot basis, homes here ask about $304 per square foot, compared with $265 across Homestead. So the median price buys roughly 1,450 square feet of living area.

Listings here have averaged 71 days on the market. That is faster than the Homestead average of 119 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Portofino Bay date from 2004, so they are about 22 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.

Rentals in Portofino Bay have a median asking rent of $3,050 per month, across 6 active rental listings. For comparison, the Homestead median is $2,500, so rents here run 22% higher.

For investors, those medians imply a gross yield near 8.3% 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 Portofino Bay home.

Here is what the median Portofino Bay price means in Florida closing terms. At $440,000, a 20% down payment comes to about $88,000, leaving a loan near $352,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,232. Next, the intangible tax of 0.2% adds about $704. 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 $2,640 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 Portofino 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.