55+ Community · Coral Gables, FL
Recently Sold Homes in 55 Merrick
Recent closed sales in 55 Merrick, a read on what homes here actually sell for.
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About 55 Merrick
55 Merrick Condo is an age-restricted 55+ community in Coral Gables, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $997,800 to $998,000. At least one resident per home must be 55 or older. Pure Equity lists homes in 55 Merrick and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
Recently Sold in 55 Merrick
What homes sell for in 55 Merrick
Recent sales are the most reliable guide to value in 55 Merrick. Closed prices show what buyers actually paid, which matters far more than asking prices when you are pricing a home to sell or preparing an offer. A sold history also shows how long homes in 55 Merrick sat before closing and whether they went for over or under asking, and both shape a smart pricing or offer strategy. Closings turn over constantly, so a quiet stretch does not mean the market stopped, only that the most recent sales are already on record and the next ones have not closed yet. For a true read on value, the closest comparable homes matter more than any single headline figure. Pure Equity can pull a full sold report for 55 Merrick with the detail behind each sale, or a valuation built from the most comparable recent closings.
Homes & Architecture
Sold homes in 55 Merrick
Recent listings in 55 Merrick have offered 1 to 3 bedrooms and 1 to 2.5 baths. Living areas run from about 780 to 1,611 square feet. The mix here includes condo homes.
Market & Value
55 Merrick market and home values
Recent activity is the clearest guide to value in 55 Merrick. The median list price in 55 Merrick is around $500,000, or roughly $640 per square foot. That sits about 16% below the Miami-Dade County median, which shows where 55 Merrick lands in the local market. Homes here have recently taken about 1 days to go under contract, a useful gauge of how quickly the 55 Merrick market is moving. For pricing an offer or a listing, comparable sales within 55 Merrick 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 55 Merrick so you work from real numbers, not an estimate.
Who It Suits
Is 55 Merrick right for you?
Whether 55 Merrick fits you comes down to how you plan to live here. As an age-restricted community, 55 Merrick fits active adults, downsizers, and seasonal residents who want a lock-and-leave home and a full social calendar. At least one resident usually needs to meet the age requirement, so confirm the specific age rule and any younger-spouse provision before you buy. On price, 55 Merrick lands in the middle of the market, a common fit for move-up buyers and full-time residents. Whether 55 Merrick 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 55 Merrick
As an age-restricted community, 55 Merrick centers on an active adult lifestyle, with amenities and a social calendar built for residents 55 and over.
Location
55 Merrick location
55 Merrick sits in Coral Gables, part of Miami-Dade County, Florida. The Coral Gables 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 55 Merrick
Buying a home in 55 Merrick
Watching 55 Merrick for your next home? The buying process here is the one used across 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. Ask for the association's governing documents, budget, and reserve study before you write an offer. Association fees, any club or membership costs, and rules on rentals, pets, and leasing vary by community and materially affect the true cost of ownership. 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 Coral Gables means you see new listings in 55 Merrick the day they reach the market.
Selling in 55 Merrick
Selling a home in 55 Merrick
If recent activity in 55 Merrick has you thinking about selling, it starts with pricing the home correctly for current conditions. List prices in 55 Merrick currently center around $500,000, 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. Buyers in an association community also want to see the HOA or condo docs, the reserve study, and any pending or special assessments up front, so having those ready before you list avoids delays once you are under contract. 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 55 Merrick owners in Coral Gables, 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 55 Merrick?
- There are 1 active listings for sale in 55 Merrick 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 55 Merrick tend to compete directly with each other. Ask us to set up a search alert and you will see new 55 Merrick listings the day they reach the market.
- What is the median home price in 55 Merrick?
- The median list price in 55 Merrick is $500,000, or roughly $640 per square foot. The median is the midpoint of what is currently listed, so about half of 55 Merrick homes ask more and half ask less, within a broader range of $500,000 to $500,000. Treat it as a gauge of the 55 Merrick 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 55 Merrick cover?
- Homes for sale in 55 Merrick currently range from about $500,000 at the entry level to $500,000 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 $500,000. 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 55 Merrick listings that actually fit.
- How long do homes take to sell in 55 Merrick?
- Homes in 55 Merrick are averaging 1 days on market, measured from the day a listing goes live to the day it goes under contract. At that pace 55 Merrick is moving quickly, and well-priced homes here can go under contract before a buyer has finished touring the alternatives. Days on market in 55 Merrick 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.
- Is 55 Merrick a 55+ community?
- Yes. 55 Merrick is an age-restricted, 55-and-over active adult community, which generally means at least one resident per home must be 55 or older and the community is built around an active adult lifestyle. These communities usually pair lower-maintenance homes with amenities such as a clubhouse, pool, fitness center, and a full social calendar. Rules on age, occupancy, leasing, and pets are set by the HOA and vary, so confirm the current governing documents for 55 Merrick before you write an offer.
Thinking of Selling?
What is your 55 Merrick 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 55 Merrick.
Listing agents and seller representation in 55 Merrick
Thinking about selling in 55 Merrick? 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 55 Merrick sit close to balanced, which rewards sellers who price against real closed sales instead of neighboring asking prices. Homes here are averaging about 1 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 55 Merrick. 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: how to choose a listing agent · selling a house with a roof at the end of its life
Realtors and real estate agents serving 55 Merrick
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 55 Merrick 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: does a busy street lower your home value? · how much is my house worth in South Florida? · selling in a difficult situation
Buyer's agents in 55 Merrick
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 55 Merrick, 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 · seller concessions, and when to offer them · repair before listing, or sell as it stands?
Buying Instead?
Search 55 Merrick 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 55 Merrick?
Ask any listing agent you interview two questions. Which homes have they closed near 55 Merrick, 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 $500,000 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 55 Merrick?
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 55 Merrick, 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 55 Merrick?
You are not legally required to use one, but most buyers in 55 Merrick 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 55 Merrick 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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