Community · Cutler Bay, FL
Pending Homes in Lakes By The Bay Faye
Homes in Lakes By The Bay Faye that are under contract or pending sale.
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Currently Pending
No homes in Lakes By The Bay Faye are under contract right now. Ask us to be notified the moment one goes pending.
About Lakes By The Bay Faye
Lakes By The Bay Faye, Cutler Bay, FL, is a community in Miami-Dade County with 1 home for sale right now. Construction dates to 2013. Listings update from the MLS nightly.
Currently Pending in Lakes By The Bay Faye
Pending sales in Lakes By The Bay Faye
A home in Lakes By The Bay Faye goes pending once a buyer and seller agree to terms and the sale moves toward closing. Pending homes are not final, and a deal can still change during inspections, financing, or the appraisal, but pending activity is a useful read on demand because it shows what buyers are committing to now rather than what sellers are asking. When homes in Lakes By The Bay Faye go under contract quickly, competition is strong and buyers should be ready to move. When they sit before going pending, there is usually more room to negotiate. Because pending status turns over as deals close or fall through, the best read on Lakes By The Bay Faye is a live one. Pure Equity can tell you what is currently under contract, what recently closed, and what is still available to buy before it goes pending.
Market & Value
Lakes By The Bay Faye market and home values
Recent activity is the clearest guide to value in Lakes By The Bay Faye. The median list price in Lakes By The Bay Faye is around $630,000, or roughly $216 per square foot. That is close to the Miami-Dade County median, so Lakes By The Bay Faye tracks the broader local market rather than sitting at an extreme. Homes here have recently taken about 95 days to go under contract, a useful gauge of how quickly the Lakes By The Bay Faye market is moving. For pricing an offer or a listing, comparable sales within Lakes By The Bay Faye 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 Lakes By The Bay Faye so you work from real numbers, not an estimate.
Who It Suits
Is Lakes By The Bay Faye right for you?
Whether Lakes By The Bay Faye fits you comes down to how you plan to live here. Lakes By The Bay Faye suits a range of buyers, from first-time owners to move-up families, who want a home in Cutler Bay with the everyday conveniences of the area close by. On price, Lakes By The Bay Faye lands in the middle of the market, a common fit for move-up buyers and full-time residents. Whether Lakes By The Bay Faye 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 Lakes By The Bay Faye
Lakes By The Bay Faye is a residential neighborhood, and its homeowners association maintains the shared areas and community standards.
Location
Lakes By The Bay Faye location
Lakes By The Bay Faye sits in Cutler Bay, part of Miami-Dade County, Florida. The Cutler Bay 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 Lakes By The Bay Faye
Buying a home in Lakes By The Bay Faye
If a home in Lakes By The Bay Faye catches your eye here, the buying process 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 Cutler Bay means you see new listings in Lakes By The Bay Faye the day they reach the market.
Selling in Lakes By The Bay Faye
Selling a home in Lakes By The Bay Faye
Thinking of selling in Lakes By The Bay Faye? A successful sale here comes down to pricing, presentation, and marketing. List prices in Lakes By The Bay Faye currently center around $630,000, 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 Lakes By The Bay Faye owners in Cutler Bay, so you can see what your property could sell for before you commit to listing.
Frequently Asked Questions
- How many homes are for sale in Lakes By The Bay Faye?
- There are 1 active listings for sale in Lakes By The Bay Faye right now, and these counts update from the MLS as homes come on the market and go under contract. Prices sit in a narrow band here, so homes in Lakes By The Bay Faye tend to compete directly with each other. Ask us to set up a search alert and you will see new Lakes By The Bay Faye listings the day they reach the market.
- What is the median home price in Lakes By The Bay Faye?
- The median list price in Lakes By The Bay Faye is $630,000, or roughly $216 per square foot. The median is the midpoint of what is currently listed, so about half of Lakes By The Bay Faye homes ask more and half ask less, within a broader range of $630,000 to $630,000. Treat it as a gauge of the Lakes By The Bay Faye market rather than a valuation for any one home, since price turns on size, condition and location. We can pull recent comparable sales to price a specific home more precisely.
- What price range do homes in Lakes By The Bay Faye cover?
- Homes for sale in Lakes By The Bay Faye currently range from about $630,000 at the entry level to $630,000 at the top of the market. That spread reflects the local mix, from smaller condos and townhomes up to larger single-family and luxury homes, with the median list price around $630,000. The spread is tight, which usually points to a consistent housing stock rather than a mix of sizes and eras. Tell us your budget and must-haves and we will send the Lakes By The Bay Faye listings that actually fit.
- How long do homes take to sell in Lakes By The Bay Faye?
- Homes in Lakes By The Bay Faye are averaging 95 days on market, measured from the day a listing goes live to the day it goes under contract. That is a measured pace, which usually leaves buyers room to negotiate and makes pricing at the outset matter more for sellers. Days on market in Lakes By The Bay Faye 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.
Thinking of Selling?
What is your Lakes By The Bay Faye 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 Lakes By The Bay Faye.
Listing agents and seller representation in Lakes By The Bay Faye
Thinking about selling in Lakes By The Bay Faye? 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 Lakes By The Bay Faye sit close to balanced, which rewards sellers who price against real closed sales instead of neighboring asking prices. Homes here are averaging about 95 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 Lakes By The Bay Faye. 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: understanding your listing agreement · selling a condo in Florida
Realtors and real estate agents serving Lakes By The Bay Faye
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 Lakes By The Bay Faye 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: how a special assessment affects your sale · how a flood zone affects your home value · selling and buying at the same time
Buyer's agents in Lakes By The Bay Faye
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 Lakes By The Bay Faye, 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 · staging, and what it is actually for · listing photographs, and why they decide the outcome
Buying Instead?
Search Lakes By The Bay Faye 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 Lakes By The Bay Faye?
Ask any listing agent you interview two questions. Which homes have they closed near Lakes By The Bay Faye, 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 $630,000 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 Lakes By The Bay Faye?
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 Lakes By The Bay Faye, 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 Lakes By The Bay Faye?
You are not legally required to use one, but most buyers in Lakes By The Bay Faye 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 Lakes By The Bay Faye 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.
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