Railway Shops Addn 1st Ad Homes for Sale

Railway Shops Addn 1st Ad is a residential community in Miami, Florida.

Pure Equity Realty covers Railway Shops Addn 1st Ad 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 Railway Shops Addn 1st Ad Miami homes for sale as of September 2026. The median asking price is $890,000.

That is 38% above the Miami median of $645,000. On a per-foot basis, homes here ask about $530 per square foot, roughly in line with the city at $509. So the median price buys roughly 1,700 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 131 days on the market. That tracks the Miami average of 144 days, so pricing and terms follow the wider city market.

Homes listed in Railway Shops Addn 1st Ad date from 1924, so they are about 102 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.

Here is what the median Railway Shops Addn 1st Ad price means in Florida closing terms. At $890,000, a 20% down payment comes to about $178,000, leaving a loan near $712,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,492. Next, the intangible tax of 0.2% adds about $1,424. 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 $5,340 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 Railway Shops Addn 1st Ad listings show assignments to Jose De Diego (middle) and Miami Edison (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.