The Lexi Homes for Sale

The Lexi Condo is a waterfront community in North Bay Village, Miami-Dade County, Florida. Active listings are priced from $625,000 to $770,000. Homes were built starting 2007. Pure Equity lists homes in The Lexi 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 The Lexi 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 3 The Lexi North Bay Village homes for sale as of October 2026. The median asking price is $729,000. Asking prices run from $725,000 to $825,000.

That is 70% above the North Bay Village median of $430,000. On a per-foot basis, homes here ask about $471 per square foot, compared with $436 across North Bay Village. So the median price buys roughly 1,550 square feet of living area.

Listings here have averaged 100 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 The Lexi date from 2007, so they are about 19 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.

The Lexi 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.

The Lexi is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in The Lexi have a median asking rent of $4,775 per month, across 4 active rental listings. For comparison, the North Bay Village median is $2,800, so rents here run 71% higher.

For investors, those medians imply a gross yield near 7.9% 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 North Bay Village rentals or ask us for a rent estimate on a specific The Lexi home.

Here is what the median The Lexi price means in Florida closing terms. At $729,000, a 20% down payment comes to about $146,000, leaving a loan near $583,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,041. Next, the intangible tax of 0.2% adds about $1,166. 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 $4,374 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 The Lexi 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.