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LAGO MAR SOUTH 2ND ADDN Home Values: What Homes Actually Sell For

Buying here? See Lago Mar South 2ND Addn homes for sale and the Lago Mar South 2ND Addn community guide (Miami).

LAGO MAR SOUTH 2ND ADDN (Miami, FL): 5 recorded closings in the 12 months ending 2026-09-20, a 13-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.

In the current window, sellers accepted a median 98.5% of original asking; the median sale took 36 days (window ending 2026-09-20).

The 13-year recorded price history

Over the recorded series, LAGO MAR SOUTH 2ND ADDN’s median sold price moved from $190,000 (2012) to $615,000 (12 months ending 2026-09-20) — +224% over that span, with every year’s figure from recorded closings, not a model.

The last decade in LAGO MAR SOUTH 2ND ADDN, briefly

The recorded series starts in 2012 at $190,000. The 2020–22 run-up did what it did everywhere — LAGO MAR SOUTH 2ND ADDN’s median moved +61% from 2019 to 2022. Against the 2024 peak of $616,000, the current median stands at -0%. Annual sales volume here has ranged from 2 to 11 closings a year (10-yr average 5.4). With roughly 5.4 closings a year, LAGO MAR SOUTH 2ND ADDN’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

The LAGO MAR SOUTH 2ND ADDN housing stock, from the live feed

From the live MLS feed as of 2026-09-23: The homes listed or recently sold were built between 1996 and 1997 (median 1996); 3 of 3 listed or recently sold homes report an HOA, median $43/mo. See the current LAGO MAR SOUTH 2ND ADDN listings →

At LAGO MAR SOUTH 2ND ADDN’s $615,000 median and Miami-Dade County’s adopted 17.59 mills (FY2025-26), a home assessed at that price carries roughly $10,820 a year in property tax before exemptions, or about $10,110 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Miami-Dade County tax page.

Selling in LAGO MAR SOUTH 2ND ADDN right now: what the record says

Current asking prices run a median $650,000 against the $615,000 recorded sold median (+6%) — the gap between what sellers hope and what the record shows. Demand check: 25% of LAGO MAR SOUTH 2ND ADDN’s listings are under contract, against 26% for ZIP 33193 and 18% for Miami-Dade County as a whole — roughly in line with its surroundings.

Asking and recorded sold prices are within a few percent of each other here, so the table above is close to what a LAGO MAR SOUTH 2ND ADDN buyer will actually pay; the spread on any single home comes down to size, condition and timing.

How LAGO MAR SOUTH 2ND ADDN compares with its neighbors

Communities buyers shopping LAGO MAR SOUTH 2ND ADDN are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

More LAGO MAR SOUTH 2ND ADDN: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures