Cost to Sell a House in South Miami
Every cost a South Miami seller pays at closing, what each one is, who customarily pays it in Miami-Dade County, and how to estimate what you keep.
Selling a house in South Miami has costs a seller can plan for: the Florida documentary stamp tax, title and closing charges, association estoppel fees, prorated property taxes and the brokerage commission. This page works through each one against the live South Miami sold prices, so the net proceeds are not a surprise at the closing table.
South Miami Market at a Glance
Updated September 23, 2026 from BeachesMLS.
- 44homes & condos for sale
- 1new listings this week
- 20under contract
- 2waterfront listings
- 23luxury listings ($1,000,000+)
- 11sold in the last 30 days
| Single-family homes | Condos & townhomes | |
|---|---|---|
| Active listings | 26 | 18 |
| Median list price | $1,972,000 | $357,500 |
| Median list price per sq ft | $869/sq ft | $429/sq ft |
| Average days on market | 174 days | 111 days |
| Sold in the last 90 days | 15 | 6 |
| Median sold price (90 days) | $1,388,000 | $405,000 |
| Sale price as % of list price | 96.6% | 98.8% |
| Months of inventory | 5.2 months | 9 months |
| Median sold price vs. a year ago | +17.1% | +9.5% |
Source: BeachesMLS via the Spark API. Active listings as of September 23, 2026; sold figures cover closings in the last 90 days, compared with the same 90 days one year earlier. Not an appraisal. How these figures are calculated.
The Costs of Selling a House in South Miami, in Order of Size
For most South Miami sellers the list runs: the mortgage payoff, the brokerage commission, the Florida documentary stamp tax on the deed, title and settlement charges, property taxes for the part of the year you owned the home, association fees and estoppel charges where there is an association, and whatever you agree with the buyer after inspection. None of them is paid up front. They are deducted from the sale price on the closing statement, and what is left is wired to you.
Documentary Stamp Tax in Miami-Dade County
Florida charges a documentary stamp tax on every deed, customarily paid by the seller. In Miami-Dade County the rate is 60 cents per $100 of the sale price for a single-family home; other property types pay an additional county surtax of 45 cents per $100. On the median South Miami single-family home sale of $1,388,000, the 60-cent rate comes to about $8,328. The rest of Florida pays 70 cents per $100, so a Miami-Dade single-family seller pays slightly less than a seller across the county line.
Title Insurance and Closing Charges in Miami-Dade County
Who pays for the owner's title insurance policy is a matter of local custom, and it is written into the contract. In Miami-Dade County the buyer customarily chooses the title company and pays for the owner's policy, which is the opposite of most of Florida and saves a South Miami seller a meaningful line on the closing statement. The seller still pays a settlement fee, the title search where the contract assigns it, a municipal lien search, and the cost of clearing anything it turns up, such as an open permit or an unpaid utility balance. All of it is negotiable, so read the contract rather than relying on custom.
Property Taxes, Association Fees and Assessments
Florida property taxes are paid in arrears, so at closing the seller credits the buyer for the taxes from January 1 to the closing date; the later in the year you close, the larger that credit. If the home is in a condominium or a homeowners' association, the association charges for an estoppel certificate showing what is owed, a fee capped by Florida statute, and any unpaid dues are settled at closing. A special assessment that has been levied but not fully paid is a negotiated item: the contract decides whether the seller pays it off or the buyer takes it over.
Repairs, Credits and Preparing the Home
After the inspection, most buyers ask for repairs or a credit. South Florida insurers care about four things, the roof, the electrical panel, the plumbing and the air conditioning, so a buyer's four-point inspection tends to decide what is asked for. Knowing the roof's age and having permits closed before you list removes most surprises. Preparation costs (cleaning, paint, landscaping, staging) are optional, and we tell you which ones the South Miami comparables say will come back in the price and which will not.
Taxes on the Gain, and Foreign Sellers
Florida has no state income tax, so any tax on your gain is federal. Owners who lived in the home as their main residence for two of the last five years can usually exclude up to $250,000 of gain, or $500,000 for a married couple filing jointly; investment and second homes do not qualify, which is where a 1031 exchange comes in. If the seller is a foreign person, the buyer is generally required under FIRPTA to withhold 15% of the sale price for the IRS unless an exception or a withholding certificate applies, something to plan for months before closing. This is general information, not tax advice; confirm your position with a CPA.
Estimating What You Keep
Net proceeds are the sale price less the mortgage payoff and the costs above. We prepare a written estimate for your address before you decide anything, using a valuation from matching South Miami sales and the actual Miami-Dade County charges, and we put a guaranteed cash offer beside it if you want to compare a certain, as-is sale with a listing. Request it with the form on this page.
Recently Sold in South Miami
The newest closings in South Miami, with the sale price, closing date and days on market for each.
Sold $402,000
Closed Sep 17, 2026 · 6001 SW 70th Street 313, South Miami FL 33143
2 bd · 2 ba · 1,010 sq ft · $398/sq ft · 136 days on market · 96.9% of list priceSold $925,000
Closed Sep 14, 2026 · 6834 SW 78th Terrace, South Miami FL 33143
3 bd · 2 ba · 1,170 sq ft · $791/sq ft · 33 days on market · 94.9% of list priceSold $1,388,000
Closed Sep 14, 2026 · 6473 Sunset Drive, South Miami FL 33143
3 bd · 3 ba · 2,557 sq ft · $543/sq ft · 7 days on market · 99.3% of list priceSold $785,000
Closed Sep 11, 2026 · 6198 SW 63rd Street, South Miami FL 33143
3 bd · 2 ba · 1,147 sq ft · $684/sq ft · 97 days on market · 98.2% of list priceSold $4,171,500
Closed Sep 11, 2026 · 6751 SW 76th Terrace, South Miami FL 33143
5 bd · 6 ba · 4,162 sq ft · $1,002/sq ft · 73 days on market · 94.9% of list priceSold $820,000
Closed Sep 4, 2026 · 5975 SW 60th Street, South Miami FL 33143
3 bd · 2 ba · 1,296 sq ft · $633/sq ft · 183 days on market · 95.5% of list price
What Is Your South Miami Home Worth?
Request a free valuation built on recent South Miami sales, or a full comparative market analysis before you list. No fee, no obligation, and a licensed broker answers within one business day.
Cost to Sell: Frequently Asked Questions
- How much does it cost to sell a house in South Miami?
- Apart from the mortgage payoff, a South Miami seller pays the brokerage commission, the Florida documentary stamp tax on the deed, title and settlement charges, prorated property taxes, any association estoppel fee and unpaid dues, and whatever repairs or credits are agreed after inspection. Everything is deducted at closing; nothing is paid up front. We prepare a written net proceeds estimate for your address before you decide.
- How much are documentary stamps on a home sale in Miami-Dade County?
- In Miami-Dade County the documentary stamp tax on a deed is 60 cents per $100 of the sale price for a single-family home, with an additional 45-cent surtax per $100 on other property types. On the median South Miami single-family home sale of $1,388,000, the 60-cent rate is about $8,328. The seller customarily pays it.
- Who pays for title insurance in Miami-Dade County, the buyer or the seller?
- By local custom the buyer chooses the title company and pays for the owner's policy in Miami-Dade County, as in Miami-Dade and Broward generally. In most other Florida counties the seller pays. It is a custom, not a law, so the contract controls.
- Do I pay capital gains tax when I sell my home in Florida?
- Florida has no state income tax, so any tax on the gain is federal. If the home was your main residence for two of the last five years you can usually exclude up to $250,000 of gain, or $500,000 for a married couple filing jointly. Second homes and rentals do not qualify. This is general information, not tax advice; confirm it with a CPA.
- Do I have to make repairs before I sell?
- No. You can sell as-is, and the standard Florida as-is contract gives the buyer an inspection period rather than a repair obligation. Repairs become a negotiation after the inspection, usually settled with a credit. If you would rather avoid showings and inspections altogether, ask us for the guaranteed cash offer and compare it with the listing estimate.
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