Community · South Miami, FL
Banyans of South Miami South Miami, FL Homes For Sale & Real Estate
Banyans of South Miami, South Miami, FL, is a community in Miami-Dade County with 1 home for sale right now. Listings update from the MLS nightly.
Get Listings Alerts
Be the first to know when a new home hits the market in Banyans of South Miami.
Available Now
Market Overview
Banyans of South Miami real estate market
There are 1 active listings for sale in Banyans of South Miami right now. The median list price is $897,000, or about $408 per square foot. Listings span $897,000 to $897,000, so there is inventory across most budgets. Homes are averaging 270 days on market. These figures update from the MLS as the market moves.
Banyans of South Miami Market Stats
MLS data updated September 29, 2026- Active Listings
- 1
- Median List Price
- $897,000
- Median $/Sq Ft
- $408
- Avg Days on Market
- 270
- Price Range
- $897,000 to $897,000
Frequently Asked Questions
- How many homes are for sale in Banyans of South Miami?
- There are 1 active listings for sale in Banyans of South Miami 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 Banyans of South Miami tend to compete directly with each other. Ask us to set up a search alert and you will see new Banyans of South Miami listings the day they reach the market.
- What is the median home price in Banyans of South Miami?
- The median list price in Banyans of South Miami is $897,000, or roughly $408 per square foot. The median is the midpoint of what is currently listed, so about half of Banyans of South Miami homes ask more and half ask less, within a broader range of $897,000 to $897,000. Treat it as a gauge of the Banyans of South Miami 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 Banyans of South Miami cover?
- Homes for sale in Banyans of South Miami currently range from about $897,000 at the entry level to $897,000 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 $897,000. 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 Banyans of South Miami listings that actually fit.
- How long do homes take to sell in Banyans of South Miami?
- Homes in Banyans of South Miami are averaging 270 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 Banyans of South 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.
About Banyans of South Miami
Banyans of South Miami, South Miami, FL, is a community in Miami-Dade County with 1 home for sale right now. Listings update from the MLS nightly.
Homes & Architecture
Homes for sale in Banyans of South Miami
Homes for sale in Banyans of South Miami offer 3 bedrooms and 2.5 baths. Living areas are around 2,200 square feet. The mix here includes townhouse homes.
Recent Sales
Recently sold homes in Banyans of South Miami
These are the last 6 recorded closings in Banyans of South Miami, with the price each home actually sold for rather than what it was listed at. They closed at a median of $348 per square foot. The most recent closed on August 28, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$936,000
Sold · August 28, 2026
6671 SW 70th Terrace 20
4 bed · 3 bath · 2,200 sqft · $425/sqft
$61,500 under the asking price
Sold$840,000
Sold · June 16, 2026
6611 SW 72nd Street 38
3 bed · 2.5 bath · 2,200 sqft · $382/sqft
$59,000 under the asking price
Sold$760,000
Sold · June 1, 2026
7010 SW 66th Avenue 25
3 bed · 3 bath · 2,200 sqft · $345/sqft
$89,500 under the asking price
Sold$650,000
Sold · January 26, 2026
7101 SW 67th Avenue 1
3 bed · 3 bath · 2,200 sqft · $295/sqft
$99,000 under the asking price
Sold$638,000
Sold · December 15, 2025
6681 SW 71st Lane 16
3 bed · 3 bath · 2,200 sqft · $290/sqft
$111,500 under the asking price
Sold$765,000
Sold · October 30, 2025
6650 SW 71st Lane 3
3 bed · 3 bath · 2,200 sqft · $348/sqft
$34,999 under the asking price
See every recorded sale in Banyans of South Miami or find out what your Banyans of South Miami home is worth.
Market & Value
Banyans of South Miami market and home values
The Banyans of South Miami real estate market reads best through the community's own recent activity, not a county-wide average. The median list price in Banyans of South Miami is around $897,000, or roughly $408 per square foot. That sits about 51% above the Miami-Dade County median, which shows where Banyans of South Miami lands in the local market. Homes here have recently taken about 270 days to go under contract, a useful gauge of how quickly the Banyans of South Miami market is moving. For pricing an offer or a listing, comparable sales within Banyans of South 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 Banyans of South Miami so you work from real numbers, not an estimate.
How It Compares
Banyans of South Miami compared to nearby South Miami communities
Banyans of South Miami sits 5 of 7 on median price among these South 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 |
|---|---|---|---|---|
| Sea View Park | 2 | $6,350,000 | $1,025 | 258 |
| Cocoplum Terr | 4 | $4,949,000 | $1,220 | 206 |
| Somi Estates | 2 | $3,198,000 | $858 | 89 |
| Royal Palm Villas | 3 | $1,749,000 | $725 | 74 |
| Banyans of South Miami this page | 1 | $897,000 | $408 | 270 |
| Miller Sixty Seven Townho | 3 | $485,000 | $482 | 57 |
| Valencia Condo | 14 | $314,500 | $444 | 104 |
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 Banyans of South Miami right for you?
It helps to know who Banyans of South Miami tends to suit before you tour. Banyans of South Miami suits a range of buyers, from first-time owners to move-up families, who want a home in South Miami with the everyday conveniences of the area close by. On price, Banyans of South Miami sits in the upper tier, drawing buyers who want more space, newer construction, or a stronger location. Whether Banyans of South 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 Banyans of South Miami
Banyans of South Miami is a residential neighborhood, and its homeowners association maintains the shared areas and community standards.
Location
Banyans of South Miami location
Banyans of South Miami is located in South Miami, part of Miami-Dade County, Florida. The South 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 Banyans of South Miami
Buying a home in Banyans of South Miami
The buying process in Banyans of South Miami 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. 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 South Miami means you see new listings in Banyans of South Miami the day they reach the market.
Selling in Banyans of South Miami
Selling a home in Banyans of South Miami
Selling a home in Banyans of South Miami starts with pricing it correctly for current conditions. List prices in Banyans of South Miami currently center around $897,000, 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 Banyans of South Miami owners in South Miami, so you can see what your property could sell for before you commit to listing.
Thinking of Selling?
What is your Banyans of South 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 Banyans of South Miami.
Listing agents and seller representation in Banyans of South Miami
Thinking about selling in Banyans of South 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 Banyans of South Miami sit close to balanced, which rewards sellers who price against real closed sales instead of neighboring asking prices. Homes here are averaging about 270 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 Banyans of South 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: understanding your listing agreement · selling a house with a roof at the end of its life
Realtors and real estate agents serving Banyans of South 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 Banyans of South 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: does a busy street lower your home value? · how much is my house worth in South Florida? · taxes and money when you sell
Buyer's agents in Banyans of South 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 Banyans of South 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 · timing a listing in the Florida market · buying and selling at the same time
Buying Instead?
Search Banyans of South 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 Banyans of South Miami?
Ask any listing agent you interview two questions. Which homes have they closed near Banyans of South 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 $897,000 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 Banyans of South 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 Banyans of South 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 Banyans of South Miami?
You are not legally required to use one, but most buyers in Banyans of South 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 Banyans of South 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 South Miami
Nearby Communities in Miami-Dade County