Miami Shores Estates Homes for Sale

Miami Shores Estates is an age-restricted 55+ community in Miami Shores, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $1,200,000 to $2,700,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Miami Shores Estates 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 Miami Shores Estates 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 4 Miami Shores Estates Miami Shores homes for sale as of September 2026. The median asking price is $2.17M. Asking prices run from $1.13M to $2.65M.

That is 46% above the Miami Shores median of $1.49M. On a per-foot basis, homes here ask about $789 per square foot, roughly in line with the city at $806. So the median price buys roughly 2,750 square feet of living area.

Listings here have averaged 144 days on the market. That is slower than the Miami Shores average of 96 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Miami Shores Estates date from 1947 to 1951. That puts them between 75 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 $2.17M, Miami Shores Estates sits in the luxury tier of Miami Shores. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Miami Shores Estates have a median asking rent of $6,500 per month, across 5 active rental listings. That is close to the Miami Shores median of $6,300.

For investors, those medians imply a gross yield near 3.6% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Miami Shores rentals or ask us for a rent estimate on a specific Miami Shores Estates home.

Here is what the median Miami Shores Estates price means in Florida closing terms. At $2.17M, a 20% down payment comes to about $435,000, leaving a loan near $1.74M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $6,084. Next, the intangible tax of 0.2% adds about $3,477. 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 $13,038 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 Miami Shores Estates listings show assignments to Miami Shores (elementary), Horace Mann (middle) and Miami Edison (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.