Montecarlo Homes for Sale

Montecarlo is a residential community in Miami, Florida. Active listings are currently priced from $94K–$230K.

Pure Equity Realty covers Montecarlo 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 42 Montecarlo Miami homes for sale as of October 2026. The median asking price is $158,000. Asking prices run from $94,000 to $230,000.

That is 76% below the Miami median of $645,000. On a per-foot basis, homes here ask about $162 per square foot, compared with $509 across Miami. So the median price buys roughly 1,000 square feet of living area.

Listings here have averaged 259 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 Montecarlo date from 1972, so they are about 54 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Montecarlo is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Montecarlo have a median asking rent of $1,850 per month, across 13 active rental listings. For comparison, the Miami median is $3,000, so rents here run 38% lower.

For investors, those medians imply a gross yield near 14.1% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Miami rentals or ask us for a rent estimate on a specific Montecarlo home.

Here is what the median Montecarlo price means in Florida closing terms. At $158,000, a 20% down payment comes to about $32,000, leaving a loan near $126,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $442. Next, the intangible tax of 0.2% adds about $253. 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 $948 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 Montecarlo listings show assignments to Linda Lentin K-8 (elementary), Thomas Jefferson (middle) and North Miami (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.