Magnolia Sub Homes for Sale

Magnolia Sub is a residential community in Opa-locka, Florida.

Pure Equity Realty covers Magnolia Sub and the Opa-locka 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 9 Magnolia Sub Opa-locka homes for sale as of September 2026. The median asking price is $700,000. Asking prices run from $561,000 to $1.4M.

That is 46% above the Opa-locka median of $480,000. On a per-foot basis, homes here ask about $468 per square foot, roughly in line with the city at $447. So the median price buys roughly 1,500 square feet of living area.

Listings here have averaged 163 days on the market. That is slower than the Opa-locka average of 124 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Magnolia Sub date from 1944 to 1962. That puts them between 64 and 82 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 Magnolia Sub have a median asking rent of $1,650 per month, across 15 active rental listings. For comparison, the Opa-locka median is $1,800, so rents here run 8% lower.

For investors, those medians imply a gross yield near 2.8% 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 Opa-locka rentals or ask us for a rent estimate on a specific Magnolia Sub home.

Here is what the median Magnolia Sub price means in Florida closing terms. At $700,000, a 20% down payment comes to about $140,000, leaving a loan near $560,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,960. Next, the intangible tax of 0.2% adds about $1,120. 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 $4,200 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 Magnolia Sub listings show assignments to Rainbow Park (elementary), North Dade (middle) and Hialeah-Miami Lakes (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.