Sailboat Cay Homes for Sale

Sailboat Cay is a residential community in North Miami, Florida. Active listings are currently priced from $125K–$280K.

Pure Equity Realty covers Sailboat Cay and the North 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 21 Sailboat Cay North Miami homes for sale as of October 2026. The median asking price is $170,000. Asking prices run from $125,000 to $280,000.

That is 55% below the North Miami median of $375,000. On a per-foot basis, homes here ask about $186 per square foot, compared with $281 across North Miami. So the median price buys roughly 900 square feet of living area.

Listings here have averaged 448 days on the market. That is slower than the North Miami average of 148 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Sailboat Cay date from 1973, so they are about 53 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.

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

Rentals in Sailboat Cay have a median asking rent of $2,150 per month, across 13 active rental listings. For comparison, the North Miami median is $2,400, so rents here run 10% lower.

You can browse current North Miami rentals or ask us for a rent estimate on a specific Sailboat Cay home.

Here is what the median Sailboat Cay price means in Florida closing terms. At $170,000, a 20% down payment comes to about $34,000, leaving a loan near $136,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $475. Next, the intangible tax of 0.2% adds about $271. 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 $1,017 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 Sailboat Cay listings show assignments to David Lawrence Jr. K-8 (elementary), North Miami (middle) and Alonzo and Tracy Mourning (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.