Melrose Heights 3rd Homes for Sale

Melrose Heights 3rd is a residential community in Miami, Florida. Active listings are currently priced from $380K–$475K.

Pure Equity Realty covers Melrose Heights 3rd 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 Melrose Heights 3rd Miami homes for sale as of October 2026. The median asking price is $578,000. Asking prices run from $380,000 to $700,000.

That is 10% below the Miami median of $645,000. On a per-foot basis, homes here ask about $291 per square foot, compared with $509 across Miami. So the median price buys roughly 2,000 square feet of living area.

Listings here have averaged 160 days on the market. That tracks the Miami average of 144 days, so pricing and terms follow the wider city market.

Homes listed in Melrose Heights 3rd date from 1926 to 1948. That puts them between 78 and 100 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.

Rentals in Melrose Heights 3rd have a median asking rent of $1,300 per month, across 1 active rental listing. For comparison, the Miami median is $3,000, so rents here run 57% lower.

You can browse current Miami rentals or ask us for a rent estimate on a specific Melrose Heights 3rd home.

Here is what the median Melrose Heights 3rd price means in Florida closing terms. At $578,000, a 20% down payment comes to about $116,000, leaving a loan near $462,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,617. Next, the intangible tax of 0.2% adds about $924. 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 $3,465 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 Melrose Heights 3rd listings show assignments to Melrose (elementary), Brownsville (middle) and Miami Northwestern (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.