Majestic Estates 1st Addn Homes for Sale

Majestic Estates 1st Addn is a residential community in Miami, Florida. Active listings are currently priced from $650K–$650K.

Pure Equity Realty covers Majestic Estates 1st Addn 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 Majestic Estates 1st Addn Miami homes for sale as of October 2026. The median asking price is $650,000.

That sits close to the Miami median of $645,000. On a per-foot basis, homes here ask about $400 per square foot, compared with $508 across Miami. So the median price buys roughly 1,650 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 28 days on the market. That is faster than the Miami average of 143 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Majestic Estates 1st Addn date from 1999, so they are about 27 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 Majestic Estates 1st Addn price means in Florida closing terms. At $650,000, a 20% down payment comes to about $130,000, leaving a loan near $520,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,820. Next, the intangible tax of 0.2% adds about $1,040. 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 $3,900 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 Majestic Estates 1st Addn listings show assignments to Miami Heights (elementary), Jorge Mas Canosa (middle) and South Dade (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.