Waterfront Community · Miami, FL
Faena Residences Miami Miami, FL Homes For Sale & Real Estate
Faena Residences Miami, Miami, FL, is a waterfront community in Miami-Dade County with 12 homes for sale right now. Faena Residences Miami is a luxury waterfront, luxury community in Miami, Miami-Dade County, Florida.
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Market Overview
Faena Residences Miami real estate market
There are 12 active listings for sale in Faena Residences Miami right now. The median list price is $2,841,050, or about $1807 per square foot. Listings span $1,375,900 to $8,250,000, so there is inventory across most budgets. Homes are averaging 327 days on market. These figures update from the MLS as the market moves.
Faena Residences Miami Market Stats
MLS data updated September 3, 2026- Active Listings
- 12
- Median List Price
- $2,841,050
- Median $/Sq Ft
- $1807
- Avg Days on Market
- 327
- Price Range
- $1,375,900 to $8,250,000
Frequently Asked Questions
- How many homes are for sale in Faena Residences Miami?
- There are 12 active listings for sale in Faena Residences Miami right now, and these counts update from the MLS as homes come on the market and go under contract. The most expensive listing asks about 6 times the least expensive, so budgets vary widely within Faena Residences Miami. Ask us to set up a search alert and you will see new Faena Residences Miami listings the day they reach the market.
- What is the median home price in Faena Residences Miami?
- The median list price in Faena Residences Miami is $2,841,050, or roughly $1807 per square foot. The median is the midpoint of what is currently listed, so about half of Faena Residences Miami homes ask more and half ask less, within a broader range of $1,375,900 to $8,250,000. The median sits in the lower part of that range, so most Faena Residences Miami homes are nearer the entry level and a few high-end listings pull the top up. We can pull recent comparable sales to price a specific home more precisely.
- What price range do homes in Faena Residences Miami cover?
- Homes for sale in Faena Residences Miami currently range from about $1,375,900 at the entry level to $8,250,000 at the top of the market. That spread reflects unit size, floor, and finish level across the condos and townhomes here, with the median list price around $2,841,050. That is a wide spread, so Faena Residences Miami genuinely holds homes at very different budgets rather than one price point. Tell us your budget and must-haves and we will send the Faena Residences Miami listings that actually fit.
- How long do homes take to sell in Faena Residences Miami?
- Homes in Faena Residences Miami are averaging 327 days on market, measured from the day a listing goes live to the day it goes under contract. That is a slow pace, so sellers here should expect to price carefully and buyers often have time to compare before committing. Days on market in Faena Residences Miami also shift with the season and with how a home is priced, so a sharply priced listing can still sell well ahead of the average.
- Are there waterfront homes in Faena Residences Miami?
- Yes. Faena Residences Miami includes waterfront homes with canal, lake, or Intracoastal frontage.
About Faena Residences Miami
Faena Residences Miami, Miami, FL, is a waterfront community in Miami-Dade County with 12 homes for sale right now. Faena Residences Miami is a luxury waterfront, luxury community in Miami, Miami-Dade County, Florida. Properties are priced from $1,400,000 to $8,300,000. Pure Equity lists homes in Faena Residences Miami and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
Homes & Architecture
Homes for sale in Faena Residences Miami
Homes for sale in Faena Residences Miami offer 1 to 4 bedrooms and 1.5 to 4.5 baths. Living areas run from about 910 to 3,091 square feet. The mix here includes condo homes. Current prices run from $1,375,900 to $8,250,000.
Schools
Schools near Faena Residences Miami
Homes for sale in Faena Residences Miami are typically zoned for the Miami public schools below, based on current MLS listings. Confirm the exact attendance zone for any specific address with the Miami-Dade County school district before you buy.
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
HOA
Faena Residences Miami HOA fees
- Median HOA fee
- $3,587/mo
- Typical range
- $2,763 to $5,086
- Lowest to highest
- $1,939 to $6,584
- Listings with a fee
- 3 of 12
Across the 3 homes for sale in Faena Residences Miami that list an HOA fee, the median is $3,587 a month. Half of them fall between $2,763 and $5,086. Fees quoted quarterly or yearly are converted to a monthly figure so they compare directly.
Listings here most often mention grounds maintenance, pool, business center and clubhouse.
All 12 listings that state a pet policy allow pets, some with size or number limits.
From current MLS listings in Faena Residences Miami; the figures change as homes come and go. Confirm the fee, any special assessments and the association's rules with the HOA before you buy.
Market & Value
Faena Residences Miami market and home values
Values in Faena Residences Miami track the community's own sales more closely than any broad regional number. The median list price in Faena Residences Miami is around $2,841,050, or roughly $1,807 per square foot. That sits about 374% above the Miami-Dade County median, which shows where Faena Residences Miami lands in the local market. Recent asking prices have run from $1,375,900 to $8,250,000, so the home you choose within Faena Residences Miami matters as much as the community average. Homes here have recently taken about 327 days to go under contract, a useful gauge of how quickly the Faena Residences Miami market is moving. For pricing an offer or a listing, comparable sales within Faena Residences Miami carry more weight than any headline number, since homes of the same type and size set the real range. Pure Equity can pull the active and recently sold homes in Faena Residences Miami so you work from real numbers, not an estimate.
How It Compares
Faena Residences Miami compared to nearby Miami communities
Faena Residences Miami sits 2 of 7 on median price among these Miami communities. Price per square foot is the fairer comparison between communities, because it adjusts for the fact that one neighborhood builds bigger homes than another. Days on market shows how quickly each one is actually selling.
| Community | Homes | Median | $/Sq Ft | Days |
|---|---|---|---|---|
| Aston Martin Residences | 45 | $3,250,000 | $1,571 | 243 |
| Faena Residences Miami this page | 12 | $2,841,050 | $1,807 | 327 |
| Rise | 43 | $1,099,900 | $856 | 134 |
| Paramount Miami Worldcent | 65 | $935,000 | $671 | 264 |
| Icon Brickell | 61 | $770,000 | $763 | 198 |
| Icon Brickell | 43 | $770,000 | $821 | 174 |
| Opera Tower | 46 | $340,000 | $478 | 186 |
Medians come from active listings in each community and move as inventory turns over. They describe the homes currently for sale, not what any one home is worth.
Who It Suits
Is Faena Residences Miami right for you?
A quick read on who fits Faena Residences Miami saves time before you visit. Faena Residences Miami appeals to boaters and buyers who want to be on the water, whether a canal, lake, or the Intracoastal. Waterfront homes carry their own insurance and maintenance considerations, so factor wind and flood coverage into the budget from the start. On price, Faena Residences Miami sits at the luxury end of the market, where buyers weigh the specific home, its finishes, and its setting closely. Whether Faena Residences Miami is right for you depends on how you plan to use the home, full time or seasonally, and Pure Equity can walk you through the tradeoffs before you commit.
Amenities & Lifestyle
Living in Faena Residences Miami
Waterfront homes here offer canal, lake, or Intracoastal frontage, and some sites include private dockage.
Location
Faena Residences Miami location
Faena Residences Miami is located in Miami, part of Miami-Dade County, Florida. The Miami area's shopping, dining, schools, and parks are all nearby, and the region's job centers, beaches, and airports are within driving distance.
Buying in Faena Residences Miami
Buying a home in Faena Residences Miami
Buying in Faena Residences Miami follows the same path as the rest of Miami-Dade County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Miami-Dade County is about $3,516. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Miami means you see new listings in Faena Residences Miami the day they reach the market.
Selling in Faena Residences Miami
Selling a home in Faena Residences Miami
A successful sale in Faena Residences Miami comes down to pricing, presentation, and marketing. List prices in Faena Residences Miami currently center around $2,841,050, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for Faena Residences Miami owners in Miami, so you can see what your property could sell for before you commit to listing.
Thinking of Selling?
What is your Faena Residences Miami home worth?
Online estimates miss what makes a home different. Tell us about yours and a licensed listing agent will send you a pricing opinion based on what has actually closed near you in Faena Residences Miami.
Listing agents and seller representation in Faena Residences Miami
Thinking about selling in Faena Residences Miami? The agent you pick shapes two numbers: what your home closes for, and how long it takes. A listing agent, also called a seller's agent, prices the property against what has actually closed nearby. They also prepare and market it, screen the offers that arrive, and negotiate the terms rather than just the price.
Conditions in Faena Residences Miami sit close to balanced, which rewards sellers who price against real closed sales instead of neighboring asking prices. Homes here are averaging about 327 days from listing to accepted offer, so build that into your moving timeline.
Community-level detail matters most here. Association rules, what the fees cover, and which buildings sell fastest all affect your outcome. So does whether a buyer needs board approval before closing. None of it appears in a listing description. All of it decides whether a sale closes on time.
Pure Equity is a licensed Florida brokerage serving Faena Residences Miami. Onias Derilus is the broker of record, Florida Real Estate Broker license BK3276618. A broker holds a higher license than an agent working under one. In practice that means the person advising you on price is also the one legally responsible for the file. That matters most when a deal gets complicated.
More on this: listing agents in Miami · how to choose a listing agent · short sales in Florida, and when they make sense
Realtors and real estate agents serving Faena Residences Miami
People search for realtors, real estate agents, and real estate brokers more or less interchangeably. For most purposes the job title matters less than licensing and representation. Every licensed agent in Florida works under a broker. That broker carries final responsibility for the transaction.
What separates real estate professionals in Faena Residences Miami is specificity. Can they answer questions about your street, not just your city? Ask what they have closed nearby and how they arrived at a price. A grounded answer cites particular recent sales. It also explains why those homes compare to yours. Vague reassurance is the warning sign.
More on this: zestimate vs CMA: how accurate are online estimates? · what affects home value in South Florida? · taxes and money when you sell
Buyer's agents in Faena Residences Miami
A buyer's agent represents the purchaser rather than the owner. They identify properties that actually fit and research what comparable homes sold for, not what they asked. They also advise on offer strategy. Finally, they manage inspection and financing deadlines through to closing.
Where buyers have room to negotiate, as they do in Faena Residences Miami, the leverage is only worth something if you know where it exists and what to ask for. If you are buying and selling at the same time, which is common for people moving within Miami-Dade County, sequencing the two is its own skill: contingencies, timing, and what happens if one closing slips all need planning before either home goes on the market.
What representation costs
Real estate commissions are negotiable. No law, multiple listing service, or association sets them. If an agent tells you there is a standard rate, they are misinforming you. What you pay is agreed between you and the brokerage you hire. Get it in writing before the work begins.
Industry rules changed in 2024. Now a buyer and their agent must put compensation in a written buyer agreement before touring homes together. Sellers may still offer to contribute toward the buyer's side. However, that is negotiated rather than assumed. It is worth thinking through with your listing agent before you go live.
More on this: how commission is actually structured · cash offer or financed offer? · when a sale falls through
Buying Instead?
Search Faena Residences Miami with someone local
We will tell you which listings are worth your time, what comparable homes actually closed for, and how to structure an offer that holds up through inspection and financing.
Frequently asked questions
How do I find a listing agent in Faena Residences Miami?
Ask any listing agent you interview two questions. Which homes have they closed near Faena Residences Miami, and how did they arrive at their suggested price? A grounded answer names recent closed sales. It also explains why those homes compare to yours. With a median around $2,841,050 here, the gap between realistic pricing guidance and optimistic guidance is real money. Verify the license too. Florida licenses are public and searchable through the state's DBPR portal. Pure Equity is a licensed brokerage serving Miami-Dade County. You can reach the broker directly at (561) 835-5400.
What does a seller's agent actually do?
A seller's agent prices the home against comparable closed sales. Before it goes live, they advise on repairs and presentation. Then they handle photography and marketing, and put the home in front of buyers and other agents. When offers arrive, they screen them and negotiate both price and terms. Terms matter as much as the number, because inspection windows, financing contingencies, and closing dates all affect whether an offer reaches the closing table.
How much does a real estate agent cost in Faena Residences Miami?
Commissions are fully negotiable. No law or real estate board sets them. What you pay is whatever you and your brokerage agree to in writing before work begins. Since the 2024 rule changes, buyers and their agents must agree compensation in a written buyer agreement before touring homes. Any seller contribution toward the buyer's side is negotiated rather than automatic. Ask any agent you interview to put their fee in writing.
What is the difference between a realtor, a real estate agent, and a broker?
A real estate agent holds a state license to represent buyers and sellers. A broker holds a higher-level license and can operate a brokerage. That broker also carries final legal responsibility for the office's transactions. Realtor is a membership term for agents belonging to the National Association of Realtors. For someone buying or selling in Faena Residences Miami, three practical questions matter. Is the person licensed, who do they represent in your transaction, and what can they actually tell you about your local market?
Do I need an agent to buy a home in Faena Residences Miami?
You are not legally required to use one, but most buyers in Faena Residences Miami do. A buyer's agent handles the parts that are easy to get wrong. That means identifying what comparable homes actually closed for, spotting condition or association issues early, and managing inspection and financing deadlines. Even in a slower market, negotiating room is only useful if you know where it exists.
Can one agent help me sell my current home and buy the next one?
Yes. For people moving within Miami-Dade County it is often the more practical route, because one person coordinates both timelines. Sequencing is the hard part. Should your purchase be contingent on your sale? How would you cover a gap if the closings do not line up? What happens if one side is delayed? Plan all of that before either home is listed, rather than after an offer arrives.
Public Records
Look up Faena Residences Miami property records
Anything on this page that affects what a home costs to own, assessed value, exemptions, flood zone, is published by a public agency. These are the official sources, not our summaries of them.
Miami-Dade County Property Appraiser
Assessed value, homestead exemption status, and recorded sales history for any parcel.
FEMA Flood Map Service Center
Look up the official flood zone for an address before you budget for insurance.
Florida Department of Revenue, property taxes
How Florida assesses property, and which exemptions you can claim.
More Communities in Miami
Aston Martin Residences
Waterfront Community
Paramount Miami Worldcent
Condominium
Icon Brickell
Waterfront Community
Opera Tower
Waterfront Community
Rise
Condominium
Icon Brickell
Waterfront Community
Montecarlo
Condominium
The Standard Residences
Waterfront Community
1300 S Miami Avenue
Condominium
Paraiso Bayviews
Waterfront Community
District 225
Condominium
Venetia
Waterfront Community
Nearby Communities in Miami-Dade County
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