South Miami Lakes Homes for Sale

South Miami Lakes is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $560,000 to $697,000. Homes were built between 1985 and 2026. Pure Equity lists homes in South Miami 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 South Miami 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 4 South Miami Lakes Miami homes for sale as of October 2026. The median asking price is $613,000. Asking prices run from $610,000 to $795,000.

That sits close to the Miami median of $640,000. On a per-foot basis, homes here ask about $392 per square foot, compared with $507 across Miami. So the median price buys roughly 1,550 square feet of living area.

Listings here have averaged 6 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 South Miami Lakes date from 1985 to 2026. That puts them between 0 and 41 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

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.

Rentals in South Miami Lakes have a median asking rent of $4,300 per month, across 1 active rental listing. For comparison, the Miami median is $3,000, so rents here run 43% higher.

You can browse current Miami rentals or ask us for a rent estimate on a specific South Miami Lakes home.

Here is what the median South Miami Lakes price means in Florida closing terms. At $613,000, a 20% down payment comes to about $123,000, leaving a loan near $490,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,715. Next, the intangible tax of 0.2% adds about $980. 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 $3,675 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.