Norwood 5th Homes for Sale

Norwood 5th Addn Sec 2 is a community in Miami Gardens, Miami-Dade County, Florida. Active listings are priced from $529,999 to $690,000. Homes were built starting 1958. Pure Equity lists homes in Norwood 5th 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 Norwood 5th 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 Norwood 5th Miami Gardens homes for sale as of October 2026. The median asking price is $583,000. Asking prices run from $475,000 to $690,000.

That is 11% above the Miami Gardens median of $525,000. On a per-foot basis, homes here ask about $283 per square foot, compared with $351 across Miami Gardens. So the median price buys roughly 2,050 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 439 days on the market. That is slower than the Miami Gardens average of 95 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Norwood 5th 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.

Here is what the median Norwood 5th price means in Florida closing terms. At $583,000, a 20% down payment comes to about $117,000, leaving a loan near $466,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,631. Next, the intangible tax of 0.2% adds about $932. 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 $3,495 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 Norwood 5th listings show assignments to Parkway (Miami-Dade) (elementary), Norland (middle) and Miami Norland (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.