Towngate Condo Five Homes for Sale

Towngate Condo Five is a residential community in Homestead, Florida.

Pure Equity Realty covers Towngate Condo Five 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 Towngate Condo Five Homestead homes for sale as of September 2026. The median asking price is $240,000.

That is 46% below the Homestead median of $445,000. On a per-foot basis, homes here ask about $175 per square foot, compared with $262 across Homestead. 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 119 days on the market. That tracks the Homestead average of 124 days, so pricing and terms follow the wider city market.

Homes listed in Towngate Condo Five date from 2003, so they are about 23 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.

Here is what the median Towngate Condo Five price means in Florida closing terms. At $240,000, a 20% down payment comes to about $48,000, leaving a loan near $192,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $672. Next, the intangible tax of 0.2% adds about $384. 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 $1,440 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 Towngate Condo Five 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.