5th Addn To Royal Oaks Homes for Sale

5th Addn To Royal Oaks is a residential community in Miami Lakes, Florida. Active listings are currently priced from $1.3M–$1.4M.

Pure Equity Realty covers 5th Addn To Royal Oaks and the Miami Lakes 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 5th Addn To Royal Oaks Miami Lakes homes for sale as of October 2026. The median asking price is $1.3M. Asking prices run from $1.05M to $1.35M.

That is 49% above the Miami Lakes median of $875,000. On a per-foot basis, homes here ask about $405 per square foot, roughly in line with the city at $414. So the median price buys roughly 3,200 square feet of living area.

Listings here have averaged 118 days on the market. That is slower than the Miami Lakes average of 75 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in 5th Addn To Royal Oaks date from 1993 to 1995. That puts them between 31 and 33 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 5th Addn To Royal Oaks have a median asking rent of $7,700 per month, across 1 active rental listing. For comparison, the Miami Lakes median is $2,650, so rents here run 191% higher.

You can browse current Miami Lakes rentals or ask us for a rent estimate on a specific 5th Addn To Royal Oaks home.

Here is what the median 5th Addn To Royal Oaks price means in Florida closing terms. At $1.3M, a 20% down payment comes to about $260,000, leaving a loan near $1.04M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $3,640. Next, the intangible tax of 0.2% adds about $2,080. 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 $7,800 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 5th Addn To Royal Oaks listings show assignments to Bob Graham Education Center (elementary), Miami Lakes (middle) and Barbara Goleman (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.