Herman Hills 1st Addn Homes for Sale

Herman Hills 1st Addn is a residential community in Palmetto Bay, Florida. Active listings are currently priced from $890K–$1.1M.

Pure Equity Realty covers Herman Hills 1st Addn and the Palmetto Bay 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 2 Herman Hills 1st Addn Palmetto Bay homes for sale as of October 2026. The median asking price is $970,000. Asking prices run from $890,000 to $1.05M.

That is 35% below the Palmetto Bay median of $1.5M. On a per-foot basis, homes here ask about $528 per square foot, roughly in line with the city at $553. So the median price buys roughly 1,850 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 7 days on the market. That is faster than the Palmetto Bay average of 94 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Herman Hills 1st Addn date from 1963 to 1965. That puts them between 61 and 63 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.

Here is what the median Herman Hills 1st Addn price means in Florida closing terms. At $970,000, a 20% down payment comes to about $194,000, leaving a loan near $776,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,716. Next, the intangible tax of 0.2% adds about $1,552. 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 $5,820 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 Herman Hills 1st Addn listings show assignments to Dr. Henry E. Perrine Academy Of The Arts (elementary) and Miami Palmetto (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.