Southwood Homes for Sale

Southwood is a luxury community in Palmetto Bay, Miami-Dade County, Florida. Properties are priced from $1,100,000 to $1,300,000. Pure Equity lists homes in Southwood 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 Southwood 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 3 Southwood Palmetto Bay homes for sale as of October 2026. The median asking price is $1.29M. Asking prices run from $999,000 to $1.59M.

That is 13% below the Palmetto Bay median of $1.5M. On a per-foot basis, homes here ask about $670 per square foot, compared with $553 across Palmetto Bay. So the median price buys roughly 1,950 square feet of living area.

Listings here have averaged 104 days on the market. That tracks the Palmetto Bay average of 99 days, so pricing and terms follow the wider city market.

Homes listed in Southwood date from 1959 to 1960. That puts them between 66 and 67 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.

At a median near $1.29M, Southwood sits in the luxury tier of Palmetto Bay. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median Southwood price means in Florida closing terms. At $1.29M, a 20% down payment comes to about $259,000, leaving a loan near $1.04M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $3,626. Next, the intangible tax of 0.2% adds about $2,072. 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 $7,770 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 Southwood listings show assignments to Coral Reef (Miami-Dade) (elementary), Southwood (middle) and Miami Palmetto (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.