First Addn Pasadena Pk Homes for Sale

First Addn Pasadena Pk is a luxury community in Miami Shores, Miami-Dade County, Florida. Properties are priced from $1,700,000 to $2,100,000. Pure Equity lists homes in First Addn Pasadena Pk 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 First Addn Pasadena Pk and the Miami Shores 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 a single listing for First Addn Pasadena Pk Miami Shores homes for sale as of October 2026. The median asking price is $1.2M.

That is 11% below the Miami Shores median of $1.35M. On a per-foot basis, homes here ask about $954 per square foot, compared with $719 across Miami Shores. So the median price buys roughly 1,250 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 113 days on the market. That is slower than the Miami Shores average of 90 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in First Addn Pasadena Pk date from 1947 to 1967. That puts them between 59 and 79 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.

At a median near $1.2M, First Addn Pasadena Pk sits in the luxury tier of Miami Shores. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median First Addn Pasadena Pk price means in Florida closing terms. At $1.2M, a 20% down payment comes to about $239,000, leaving a loan near $956,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $3,346. Next, the intangible tax of 0.2% adds about $1,912. 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 $7,170 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.