Banyan Bay Condo Homes for Sale

Banyan Bay Condo is a waterfront community in Miramar, Broward County, Florida. Active listings are priced from $395,000 to $399,000. Homes were built between 2005 and 2006. Pure Equity lists homes in Banyan Bay Condo 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 Banyan Bay Condo and the Miramar 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 Banyan Bay Condo Miramar homes for sale as of October 2026. The median asking price is $380,000. Asking prices run from $335,000 to $590,000.

That is 30% below the Miramar median of $545,000. On a per-foot basis, homes here ask about $314 per square foot, roughly in line with the city at $319. So the median price buys roughly 1,200 square feet of living area.

Listings here have averaged 37 days on the market. That is faster than the Miramar average of 99 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Banyan Bay Condo date from 2005 to 2006. That puts them between 20 and 21 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.

Banyan Bay Condo 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.

Rentals in Banyan Bay Condo have a median asking rent of $3,200 per month, across 3 active rental listings. For comparison, the Miramar median is $2,700, so rents here run 19% higher.

For investors, those medians imply a gross yield near 10.1% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Miramar rentals or ask us for a rent estimate on a specific Banyan Bay Condo home.

Here is what the median Banyan Bay Condo price means in Florida closing terms. At $380,000, a 20% down payment comes to about $76,000, leaving a loan near $304,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,064. Next, the intangible tax of 0.2% adds about $608. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Banyan Bay Condo median, that is about $2,660.

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 Banyan Bay Condo listings show assignments to Coral Cove (elementary), New Renaissance (middle) and Everglades (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.