Miramar

Miramar FL - Frequently Asked Questions

What buyers and sellers
ask about Miramar.

Answers to the most common questions about buying and selling real estate in Miramar, FL from InvesTeam Realty, serving this market for over 24 years.

What is the average home price in Miramar FL?
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As of early 2026, the median sale price in Miramar ranges from approximately $503,000 to $575,000 depending on the data source and property mix, with price per square foot averaging around $303 to $308. Miramar has a wide price range across its communities — entry-level condo communities start near $175,000 while larger single-family homes in premium communities such as Sunset Lakes exceed $1M. Homes are currently averaging 60 to 99 days on market and tend to sell at approximately 3% below list price, giving buyers solid negotiating room.
What types of communities are available in Miramar?
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Miramar has one of the broadest community spectrums in Broward County. It includes large master-planned single-family communities such as Sunset Lakes, Silver Falls, and Riviera Isles, as well as a significant inventory of condos, townhomes, and gated communities across a wide range of price points. Miramar also has communities qualifying under the Housing for Older Persons Act (HOPA), which permit residency restrictions for persons 55 and older. Buyers interested in any age-restricted community should verify current qualification status and occupancy requirements with their agent and a real estate attorney before purchasing.
Is Miramar a good place to invest in real estate?
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Miramar offers one of the most accessible entry points in South Florida with strong rental demand supported by its large employment base, proximity to Fort Lauderdale-Hollywood International Airport, and easy access to I-75 and I-95. The current market has 6.7 months of supply and homes selling at 97% of asking price, which favors buyers entering now. The broader market has undergone a healthy price correction from 2023 to 2024 peak levels, bringing values more in line with long-term fundamentals. HOPA-qualified condo communities carry rental and resale restrictions that affect investment yield and liquidity and require careful evaluation. Past performance does not guarantee future results.
How long does it take to buy a home in Miramar?
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Homes in Miramar are currently averaging 60 to 99 days on market. Well-priced single-family properties in desirable communities can move in around 45 days. Once under contract, financed purchases typically close in 30 to 45 days and cash transactions in 14 to 21 days. Condo and townhome purchases require review of HOA documents, financial statements, and reserve fund status before making an offer.
What public schools serve Miramar FL?
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Miramar is served by Broward County Public Schools. The city has 17 public schools along with access to 6 private and 8 charter school options. Broward County schools consistently perform above Florida state averages. School assignments are determined by property address and are subject to change - always verify zoning directly with Broward County Public Schools before making a purchase decision.
What are the HOA fees in Miramar communities?
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HOA fees in Miramar vary significantly by community and property type. Single-family gated communities typically carry fees from $150 to $400 per month. Condo communities range from $300 to $600 per month depending on amenities and building size. Before making an offer, your InvesTeam Realty agent will obtain HOA financials, reserve fund status, governing documents, and any pending special assessments for your review during the inspection period.
What are the closing costs for buyers in Miramar?
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Miramar is in Broward County. Buyers typically pay 2% to 5% of the purchase price in closing costs on a financed transaction. Unlike Miami-Dade County where the buyer pays owner's title insurance, in Broward County it is customary for the seller to pay owner's title insurance - however this is negotiable and should be confirmed in your contract. Other key costs include doc stamps on the mortgage at $0.35 per $100 of loan and intangible tax at 0.20% of the loan amount. Use our free Buyer Closing Costs Calculator on the InvesTeam Realty website. If purchasing from a foreign seller, FIRPTA withholding requirements may apply - consult your closing agent and a qualified tax advisor.
What is FIRPTA and does it apply to Miramar transactions?
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FIRPTA - the Foreign Investment in Real Property Tax Act - requires buyers to withhold up to 15% of the gross sales price when purchasing U.S. real estate from a foreign seller. South Florida has a significant international seller base and FIRPTA applies to qualifying transactions in Broward County. Buyers have a legal obligation to withhold and remit these funds to the IRS at closing unless a valid exemption applies. Both buyers and sellers should consult a qualified tax advisor and real estate attorney before closing on any transaction involving a foreign seller.
Why choose InvesTeam Realty to buy or sell in Miramar?
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InvesTeam Realty has been active across South Florida including Broward County for over 24 years. Broker-Owner Reinaldo Gonzalez holds 16 NAR professional designations and is directly involved in every transaction. Our agents serve all buyers and sellers across Miramar's full range of community types in full compliance with federal and Florida fair housing laws. Equal Housing Opportunity.
Ready to buy or sell in Miramar?
Talk to an InvesTeam Realty agent today. No pressure, no obligation.