South Springs Homes Homes for Sale

South Springs Homes is an age-restricted 55+ community in Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $1,300,000 to $1,700,000. At least one resident per home must be 55 or older. Pure Equity lists homes in South Springs Homes 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 Springs Homes 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 a single listing for South Springs Homes Miami homes for sale as of October 2026. The median asking price is $1.7M.

That is 166% above the Miami median of $639,000. On a per-foot basis, homes here ask about $345 per square foot, compared with $497 across Miami. So the median price buys roughly 4,950 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 250 days on the market. That is slower than the Miami average of 138 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in South Springs Homes date from 2003 to 2007. That puts them between 19 and 23 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

At a median near $1.7M, South Springs Homes sits in the luxury tier of Miami. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median South Springs Homes price means in Florida closing terms. At $1.7M, a 20% down payment comes to about $340,000, leaving a loan near $1.36M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $4,760. Next, the intangible tax of 0.2% adds about $2,720. 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 $10,200 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 Springs Homes listings show assignments to South Miami Heights (elementary), Cutler Bay Middle (middle) and Miami Southridge (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.