Forest Lakes Estates Homes for Sale

Forest Lakes Estates Sec is an age-restricted 55+ community in Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $624,999 to $898,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Forest Lakes 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 Forest Lakes Estates 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 5 Forest Lakes Estates Miami homes for sale as of October 2026. The median asking price is $780,000. Asking prices run from $690,000 to $898,000.

That is 21% above the Miami median of $645,000. On a per-foot basis, homes here ask about $342 per square foot, compared with $509 across Miami. So the median price buys roughly 2,300 square feet of living area.

Listings here have averaged 77 days on the market. That is faster than the Miami average of 144 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Forest Lakes Estates date from 1996 to 1997. That puts them between 29 and 30 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.

Here is what the median Forest Lakes Estates price means in Florida closing terms. At $780,000, a 20% down payment comes to about $156,000, leaving a loan near $624,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,184. Next, the intangible tax of 0.2% adds about $1,248. 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 $4,679 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 Forest Lakes Estates listings show assignments to Christina M. Eve (elementary), Hammocks (middle) and Felix Varela (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.