The Patricia Homes for Sale

The Patricia is a residential community in Miami Beach, Florida.

Pure Equity Realty covers The Patricia 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 3 The Patricia Miami Beach homes for sale as of October 2026. The median asking price is $190,000. Asking prices run from $160,000 to $195,000.

That is 71% below the Miami Beach median of $650,000. On a per-foot basis, homes here ask about $365 per square foot, compared with $697 across Miami Beach. So the median price buys roughly 500 square feet of living area.

Listings here have averaged 126 days on the market. That is faster than the Miami Beach average of 174 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in The Patricia date from 1925, so they are about 101 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.

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.

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

Here is what the median The Patricia price means in Florida closing terms. At $190,000, a 20% down payment comes to about $38,000, leaving a loan near $152,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $532. Next, the intangible tax of 0.2% adds about $304. 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 $1,140 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 The Patricia listings show assignments to Miami Beach Fienberg / Fisher K-8 (elementary) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.