Paradise Reef
Homes for Sale in Miami, FL
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
As of September 2026, Paradise Reef in FL has 1 home for sale. Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $810,000, $453 per square foot, a median 25 days on market, sellers accepting 99% of original asking. At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $14,250 ($13,540 with the full homestead exemption).
| Location | Miami-Dade County, FL · ZIP 33196 |
|---|---|
| Sale prices, last 12 months | $810,000 median across 3 closed sales · $453 per sq ft |
| Days on market (closed sales) | 25 median |
| For sale right now | 1 active, 0 pending · median asking $1,030,000 |
Data as of September 20, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Market figures describe homes, not residents. Cite as: Momentum Realty, “PARADISE REEF key facts,” movewithmomentum.com/neighborhoods/paradise-reef, data as of September 20, 2026.
Paradise Reef's numbers come from a thin trading window, just three closings, so treat the $810,000 median as a snapshot rather than a settled baseline. At a median $452.77 per square foot, pricing here is being set by whatever mix of unit size and condition happened to close, not by a deep pool of comparable sales.
A median 25 days on market says buyers are moving decisively once they identify value, but with so few transactions feeding that number, one slow-selling unit or one quick one can swing it materially. Sellers should price off the most recent, most comparable closing they can find rather than leaning on the median alone; buyers have room to negotiate on any listing that has sat past that 25-day mark.
The 60-Second Overview
Paradise Reef market snapshot (as of September 20, 2026): the median sale price is about $810K ($453 per sq ft over the trailing 12 months of closed sales), and a median 25 days on market for closed sales.
In ZIP 33196, 355 homes closed in the last 12 months at a median of $588K ($329/sq ft), up 0.7% year over year, with a median 53 days on market. Right now 145 active and 42 pending listings — a balanced market. See the live ZIP 33196 housing market and the Miami-Dade County market.
MIAMI REALTORS sales records identify 77 homes in PARADISE REEF that have changed hands since 2006, built between 1999 and 2004 (median 2000), with a median living area of about 2,166 sq ft and a typical 4-bedroom, 2-bath layout; 100% are single-family homes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Paradise Reef is trading in a low-volume corner of the Miami-Dade market, where a handful of closings sets the tone for pricing and pace. The current data reflects a narrow slice of activity, so context and comparables matter more here than in a higher-turnover community.
Who Paradise Reef is best for.
Best for
- A buyer comfortable doing extra diligence on comparables given the limited closing history.
- A buyer focused on unit-level value, condition, and layout rather than a shared amenity package.
- A seller with a well-documented, recent comparable sale willing to price precisely rather than round to the median.
Probably not for
- A buyer who wants a deep, statistically reliable sales history before committing.
- A buyer expecting a built-in amenity package as part of the purchase decision.
- A seller hoping the community median alone will justify an asking price without supporting comparables.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level MIAMI MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($810K) IS the median in the snapshot above.
Windows contain 0 to 7 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Deemed reliable but not guaranteed.
22% of homes for sale in ZIP 33196 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-21).
Paradise Reef Market Scorecard
Paradise Reef is currently a balanced market., a median asking price of $1,030,000, and homes go under contract in about 191 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: MIAMI MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Paradise Reef
Live MLS inventory for Paradise Reef. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Paradise Reef listings as of 2026-09-23, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Tap any home to ask about it.
Every Home for Sale in Paradise Reef Right Now (1)
All 1 active and pending Paradise Reef listings with a detail page, newest first, refreshed twice a day from the MLS.
- 15967 SW 141st St · $1,030,000 · 4 bd / 3 ba · listed Jul 1, 2026 · listed by Coldwell Banker Realty
The Paradise Reef buying strategy.
If we were buying in Paradise Reef today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Paradise Reef.
Reading a thin market correctly
With only three closings in the current window, Paradise Reef doesn't yet offer the kind of statistical depth that makes a median fully reliable. The $810,000 figure and the $452.77 per-square-foot number are real, but they represent a small sample, and the next closing could move both meaningfully.
No community amenities are currently identified in the MLS listing data for Paradise Reef, which means the value case here is likely built on the unit itself, its condition, its layout, and its location, rather than on shared building or community features. Anyone evaluating this address should confirm amenity details directly rather than assuming a standard package.
The location and the amenities are priced into every listing in Paradise Reef. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Low-volume communities like Paradise Reef are exactly where pricing mistakes happen, sellers anchoring to a thin median, buyers assuming a discount that isn't there. We pull the actual comparable closings, not just the headline number, before advising a price or an offer.
Paradise Reef in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Paradise Reef buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Paradise Reef sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Paradise Reef, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Paradise Reef home worth?
Get a no-obligation home value based on real comparable sales in Paradise Reef, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Paradise Reef on the map →
Frequently Asked Questions
What is the median home price in Paradise Reef?
How long do homes in Paradise Reef take to sell?
Who is the best real estate agent for Paradise Reef?
How do I find a top Miami real estate agent who knows Paradise Reef?
Can Momentum Realty connect me with an agent for Paradise Reef?
Should you buy in Paradise Reef?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: September 23, 2026) |
| Community market stats | MIAMI MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (50 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of MIAMI MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the MIAMI MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how PARADISE REEF fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Paradise Reef
- Home values · What homes in Paradise Reef actually sell for
Nearby Communities
Explore more neighborhoods near Paradise Reef with Momentum Realty’s local guides.