Paradise Reef Homes for Sale

Paradise Reef is a residential community in Miami, Florida. Active listings are currently priced from $1M–$1M.

Pure Equity Realty covers Paradise Reef 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 Paradise Reef Miami homes for sale as of October 2026. The median asking price is $1.01M.

That is 57% above the Miami median of $645,000. On a per-foot basis, homes here ask about $422 per square foot, compared with $509 across Miami. So the median price buys roughly 2,400 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 252 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 Paradise Reef date from 2000, so they are about 26 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 Paradise Reef price means in Florida closing terms. At $1.01M, a 20% down payment comes to about $202,000, leaving a loan near $808,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,828. Next, the intangible tax of 0.2% adds about $1,616. 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 $6,060 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 Paradise Reef listings show assignments to Norma Butler Bossard (elementary), Jorge Mas Canosa (middle) and Miami Southridge (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.