South Miami Homes for Sale

South Miami is a large-lot community in Miami, Miami-Dade County, Florida. Parcels and homes are priced from $461,000 to $7,900,000. Properties feature oversized lots with room for pools and outbuildings. Our agents specialize in acreage transactions throughout Miami-Dade County.

Pure Equity Realty covers South Miami 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 Miami homes for sale as of October 2026. The median asking price is $633,000. Asking prices run from $475,000 to $1.23M.

That sits close to the Miami median of $639,000.

Listings here have averaged 52 days on the market. That is faster than the Miami average of 138 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in South Miami date from 1948, so they are about 78 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

South Miami has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

Here is what the median South Miami price means in Florida closing terms. At $633,000, a 20% down payment comes to about $127,000, leaving a loan near $506,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,771. Next, the intangible tax of 0.2% adds about $1,012. 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 $3,795 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 South Miami listings show assignments to Coral Way K-8 (elementary) and Miami (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.