5th Addn To Richmond Hgts Homes for Sale

5th Addn To Richmond Hgts is a residential community in Miami, Florida. Active listings are currently priced from $589K–$589K.

Pure Equity Realty covers 5th Addn To Richmond Hgts and the Miami 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 5th Addn To Richmond Hgts Miami homes for sale as of October 2026. The median asking price is $589,000.

That is 9% below the Miami median of $645,000. On a per-foot basis, homes here ask about $491 per square foot, roughly in line with the city at $508. So the median price buys roughly 1,200 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Homes listed in 5th Addn To Richmond Hgts date from 1972, so they are about 54 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 Richmond Hgts have a median asking rent of $3,500 per month, across 1 active rental listing. For comparison, the Miami median is $3,000, so rents here run 17% higher.

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

Here is what the median 5th Addn To Richmond Hgts price means in Florida closing terms. At $589,000, a 20% down payment comes to about $118,000, leaving a loan near $471,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,649. Next, the intangible tax of 0.2% adds about $942. 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 $3,534 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.