Merion Park Homes for Sale

Merion Park is a luxury community in South Miami, Miami-Dade County, Florida. Properties are priced from $1,600,000 to $1,800,000. Pure Equity lists homes in Merion Park 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 Merion Park and the South 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 3 Merion Park South Miami homes for sale as of October 2026. The median asking price is $1.3M. Asking prices run from $1.25M to $1.6M.

That is 13% above the South Miami median of $1.15M. On a per-foot basis, homes here ask about $671 per square foot, compared with $619 across South Miami. So the median price buys roughly 1,950 square feet of living area.

Listings here have averaged 335 days on the market. That is slower than the South Miami average of 119 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Merion Park date from 1956 to 1957. That puts them between 69 and 70 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 $1.3M, Merion Park sits in the luxury tier of South Miami. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Merion Park have a median asking rent of $10,000 per month, across 1 active rental listing. For comparison, the South Miami median is $2,598, so rents here run 285% higher.

You can browse current South Miami rentals or ask us for a rent estimate on a specific Merion Park home.

Here is what the median Merion Park price means in Florida closing terms. At $1.3M, a 20% down payment comes to about $260,000, 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 $3,637. Next, the intangible tax of 0.2% adds about $2,078. 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 $7,794 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 Merion Park listings show assignments to South Miami K-8 (elementary) and South Miami (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.