Magaluf Towers Condo Homes for Sale

Magaluf Towers Condo is a residential community in North Bay Village, Florida. Active listings are currently priced from $325K–$325K.

Pure Equity Realty covers Magaluf Towers Condo and the North Bay Village 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 Magaluf Towers Condo North Bay Village homes for sale as of October 2026. The median asking price is $325,000.

That is 24% below the North Bay Village median of $430,000. On a per-foot basis, homes here ask about $325 per square foot, compared with $436 across North Bay Village. So the median price buys roughly 1,000 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 23 days on the market. That is faster than the North Bay Village average of 196 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Magaluf Towers Condo date from 1979, so they are about 47 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.

Rentals in Magaluf Towers Condo have a median asking rent of $2,720 per month, across 2 active rental listings. That is close to the North Bay Village median of $2,800.

You can browse current North Bay Village rentals or ask us for a rent estimate on a specific Magaluf Towers Condo home.

Here is what the median Magaluf Towers Condo price means in Florida closing terms. At $325,000, a 20% down payment comes to about $65,000, leaving a loan near $260,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $910. Next, the intangible tax of 0.2% adds about $520. 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 $1,950 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 Magaluf Towers Condo listings show assignments to Treasure Island (elementary), Miami Beach Nautilus (middle) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.