Grand Lakes Homes for Sale

Grand Lakes Phase I is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $499,999 to $559,000. Homes were built between 2003 and 2004. Pure Equity lists homes in Grand Lakes 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 Grand Lakes 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 4 Grand Lakes Miami homes for sale as of October 2026. The median asking price is $1.15M. Asking prices run from $1.1M to $1.28M.

That is 78% above the Miami median of $645,000. On a per-foot basis, homes here ask about $402 per square foot, compared with $509 across Miami. So the median price buys roughly 2,850 square feet of living area.

Listings here have averaged 72 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 Grand Lakes date from 2003 to 2004. That puts them between 22 and 23 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Rentals in Grand Lakes have a median asking rent of $3,500 per month, across 3 active rental listings. For comparison, the Miami median is $3,000, so rents here run 17% higher.

For investors, those medians imply a gross yield near 3.7% 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 rentals or ask us for a rent estimate on a specific Grand Lakes home.

Here is what the median Grand Lakes price means in Florida closing terms. At $1.15M, a 20% down payment comes to about $230,000, leaving a loan near $919,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $3,216. Next, the intangible tax of 0.2% adds about $1,838. 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 $6,891 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 Grand Lakes listings show assignments to Zora Neale Hurston (elementary), W. R. Thomas (middle) and G. Holmes Braddock (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.