Somi Estates Homes for Sale

Somi Estates is a residential community in South Miami, Florida. Active listings are currently priced from $3.2M–$3.2M.

Pure Equity Realty covers Somi Estates 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 2 Somi Estates South Miami homes for sale as of October 2026. The median asking price is $3.2M.

That is 156% above the South Miami median of $1.25M. On a per-foot basis, homes here ask about $858 per square foot, compared with $658 across South Miami. So the median price buys roughly 3,750 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 92 days on the market. That is faster than the South Miami average of 126 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Somi Estates date from 2017, so they are about 9 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Here is what the median Somi Estates price means in Florida closing terms. At $3.2M, a 20% down payment comes to about $640,000, leaving a loan near $2.56M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $8,954. Next, the intangible tax of 0.2% adds about $5,117. 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 $19,188 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 Somi Estates 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.