Mahogany Isle Homes Homes for Sale

Mahogany Isle Homes Condo 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 $498,000 to $500,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Mahogany Isle Homes 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 Mahogany Isle Homes 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 Mahogany Isle Homes Miami homes for sale as of October 2026. The median asking price is $499,000.

That is 23% below the Miami median of $645,000. On a per-foot basis, homes here ask about $347 per square foot, compared with $509 across Miami. So the median price buys roughly 1,450 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 505 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 Mahogany Isle Homes date from 1997, so they are about 29 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 Mahogany Isle Homes price means in Florida closing terms. At $499,000, a 20% down payment comes to about $100,000, leaving a loan near $399,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,397. Next, the intangible tax of 0.2% adds about $798. 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 $2,994 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 Mahogany Isle Homes listings show assignments to Oliver Hoover (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.