Silver Lakes Sec 1 Amend Homes for Sale

Silver Lakes Sec 1 Amend is a waterfront community in Miami, Miami-Dade County, Florida. Active listings are priced from $795,000 to $815,000. Homes were built between 1993 and 1998. Pure Equity lists homes in Silver Lakes Sec 1 Amend 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 Silver Lakes Sec 1 Amend 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 Silver Lakes Sec 1 Amend Miami homes for sale as of September 2026. The median asking price is $755,000. Asking prices run from $750,000 to $760,000.

That is 18% above the Miami median of $639,000. On a per-foot basis, homes here ask about $329 per square foot, compared with $497 across Miami. So the median price buys roughly 2,300 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 154 days on the market. That tracks the Miami average of 138 days, so pricing and terms follow the wider city market.

Homes listed in Silver Lakes Sec 1 Amend date from 1993 to 1998. That puts them between 28 and 33 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.

Silver Lakes Sec 1 Amend 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 Silver Lakes Sec 1 Amend price means in Florida closing terms. At $755,000, a 20% down payment comes to about $151,000, leaving a loan near $604,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,114. Next, the intangible tax of 0.2% adds about $1,208. 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 $4,530 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.