Monaco Estates 1st Homes for Sale

Monaco Estates 1st Addn is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $695,000 to $740,000. Homes were built starting 1993. Pure Equity lists homes in Monaco Estates 1st 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 Monaco Estates 1st 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 Monaco Estates 1st Miami homes for sale as of September 2026. The median asking price is $695,000.

That is 8% above the Miami median of $645,000. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 174 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 Monaco Estates 1st date from 1993, so they are about 33 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 Monaco Estates 1st have a median asking rent of $1,050 per month, across 1 active rental listing. For comparison, the Miami median is $3,000, so rents here run 65% lower.

You can browse current Miami rentals or ask us for a rent estimate on a specific Monaco Estates 1st home.

Here is what the median Monaco Estates 1st price means in Florida closing terms. At $695,000, a 20% down payment comes to about $139,000, leaving a loan near $556,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,946. Next, the intangible tax of 0.2% adds about $1,112. 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 $4,170 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 Monaco Estates 1st 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.