First Deco Homes for Sale

First Deco is a residential community in Miami Beach, Florida. Active listings are currently priced from $280K–$280K.

Pure Equity Realty covers First Deco and the Miami Beach 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 2 First Deco Miami Beach homes for sale as of October 2026. The median asking price is $265,000. Asking prices run from $249,000 to $280,000.

That is 59% below the Miami Beach median of $650,000. On a per-foot basis, homes here ask about $532 per square foot, compared with $697 across Miami Beach. So the median price buys roughly 500 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 222 days on the market. That is slower than the Miami Beach average of 174 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in First Deco date from 1940 to 2020. That puts them between 6 and 86 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

First Deco is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in First Deco have a median asking rent of $2,212 per month, across 2 active rental listings. For comparison, the Miami Beach median is $3,500, so rents here run 37% lower.

You can browse current Miami Beach rentals or ask us for a rent estimate on a specific First Deco home.

Here is what the median First Deco price means in Florida closing terms. At $265,000, a 20% down payment comes to about $53,000, leaving a loan near $212,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $741. Next, the intangible tax of 0.2% adds about $423. 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 $1,587 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 First Deco listings show assignments to Miami Beach South Pointe (elementary), Miami Beach Nautilus (middle) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.