Park Lakes Homes for Sale

Park Lakes Sec 2 is an age-restricted 55+ community in Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $600,000 to $650,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Park Lakes 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 Park Lakes 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 Park Lakes Miami homes for sale as of October 2026. The median asking price is $675,000. Asking prices run from $650,000 to $699,000.

That is 5% above the Miami median of $645,000. On a per-foot basis, homes here ask about $290 per square foot, compared with $509 across Miami. So the median price buys roughly 2,350 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 3 days on the market. That is faster than the Miami average of 144 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Park Lakes date from 2002 to 2003. That puts them between 23 and 24 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Park Lakes includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Here is what the median Park Lakes price means in Florida closing terms. At $675,000, a 20% down payment comes to about $135,000, leaving a loan near $540,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,889. Next, the intangible tax of 0.2% adds about $1,079. 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 $4,047 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 Park Lakes listings show assignments to Jane S. Roberts K-8 (elementary) and John A. Ferguson (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.