Fantasy Reef Homes for Sale

Fantasy Reef is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $835,000 to $1,100,000. Homes were built starting 2001. Pure Equity lists homes in Fantasy Reef 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 Fantasy Reef 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 Fantasy Reef Miami homes for sale as of October 2026. The median asking price is $760,000.

That is 19% above the Miami median of $640,000. On a per-foot basis, homes here ask about $328 per square foot, compared with $507 across Miami. So the median price buys roughly 2,300 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Homes listed in Fantasy Reef date from 2001, so they are about 25 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.

Here is what the median Fantasy Reef price means in Florida closing terms. At $760,000, a 20% down payment comes to about $152,000, leaving a loan near $608,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,128. Next, the intangible tax of 0.2% adds about $1,216. 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 $4,560 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 Fantasy Reef listings show assignments to Norma Butler Bossard (elementary), Jorge Mas Canosa (middle) and Miami Southridge (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.