Royal Bahamian Homes for Sale

Royal Bahamian is a residential community in Miami, Florida.

Pure Equity Realty covers Royal Bahamian 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 4 Royal Bahamian Miami homes for sale as of October 2026. The median asking price is $232,000. Asking prices run from $180,000 to $310,000.

That is 64% below the Miami median of $645,000. On a per-foot basis, homes here ask about $230 per square foot, compared with $508 across Miami. So the median price buys roughly 1,000 square feet of living area.

Listings here have averaged 414 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 Royal Bahamian date from 1968 to 1969. That puts them between 57 and 58 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 Royal Bahamian price means in Florida closing terms. At $232,000, a 20% down payment comes to about $46,000, leaving a loan near $186,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $651. Next, the intangible tax of 0.2% adds about $372. 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 $1,395 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 Royal Bahamian listings show assignments to Ojus (elementary), John F. Kennedy (Miami-Dade) (middle) and North Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.