Lago Mar South Homes for Sale

Lago Mar South 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 $720,000 to $730,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Lago Mar South 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 Lago Mar South 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 2 Lago Mar South Miami homes for sale as of September 2026. The median asking price is $725,000. Asking prices run from $720,000 to $730,000.

That is 13% above the Miami median of $640,000. On a per-foot basis, homes here ask about $399 per square foot, compared with $507 across Miami. So the median price buys roughly 1,800 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 192 days on the market. That is slower than the Miami average of 144 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Lago Mar South date from 1994, so they are about 32 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 Lago Mar South price means in Florida closing terms. At $725,000, a 20% down payment comes to about $145,000, leaving a loan near $580,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,030. Next, the intangible tax of 0.2% adds about $1,160. 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 $4,350 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 Lago Mar South listings show assignments to Dante B. Fascell (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.