1st Addn To Magnolia Sub Homes for Sale

1st Addn To Magnolia Sub is a residential community in Miami Gardens, Florida.

Pure Equity Realty covers 1st Addn To Magnolia Sub and the Miami Gardens 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 1st Addn To Magnolia Sub Miami Gardens homes for sale as of October 2026. The median asking price is $475,000.

That is 10% below the Miami Gardens median of $530,000. On a per-foot basis, homes here ask about $699 per square foot, compared with $350 across Miami Gardens. So the median price buys roughly 700 square feet of living area.

Listings here have averaged 79 days on the market. That tracks the Miami Gardens average of 94 days, so pricing and terms follow the wider city market.

Homes listed in 1st Addn To Magnolia Sub date from 1958, so they are about 68 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.

Rentals in 1st Addn To Magnolia Sub have a median asking rent of $2,650 per month, across 1 active rental listing. That is close to the Miami Gardens median of $2,700.

You can browse current Miami Gardens rentals or ask us for a rent estimate on a specific 1st Addn To Magnolia Sub home.

Here is what the median 1st Addn To Magnolia Sub price means in Florida closing terms. At $475,000, a 20% down payment comes to about $95,000, leaving a loan near $380,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,330. Next, the intangible tax of 0.2% adds about $760. 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 $2,850 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 1st Addn To Magnolia Sub listings show assignments to Rainbow Park (elementary), North Dade (middle) and Hialeah-Miami Lakes (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.