Monterrey 4th Homes for Sale

Monterrey 4th Addn is an age-restricted 55+ community in Miami Gardens, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $425,000 to $525,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Monterrey 4th 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 Monterrey 4th 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 2 Monterrey 4th Miami Gardens homes for sale as of October 2026. The median asking price is $460,000. Asking prices run from $409,000 to $510,000.

That is 12% below the Miami Gardens median of $525,000. On a per-foot basis, homes here ask about $320 per square foot, compared with $351 across Miami Gardens. So the median price buys roughly 1,450 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 70 days on the market. That is faster than the Miami Gardens average of 95 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Monterrey 4th date from 1992 to 1994. That puts them between 32 and 34 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 Monterrey 4th have a median asking rent of $3,700 per month, across 1 active rental listing. For comparison, the Miami Gardens median is $2,800, so rents here run 32% higher.

You can browse current Miami Gardens rentals or ask us for a rent estimate on a specific Monterrey 4th home.

Here is what the median Monterrey 4th price means in Florida closing terms. At $460,000, a 20% down payment comes to about $92,000, leaving a loan near $368,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,287. Next, the intangible tax of 0.2% adds about $735. 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 $2,757 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 Monterrey 4th listings show assignments to Lake Stevens (elementary), Lake Stevens (middle) and Miami Carol City (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.