Momentum Housing Data · Home Values · Miami-Dade County
Buying here? See Lakes By the Bay Jay homes for sale and the Lakes By the Bay Jay community guide (Cutler Bay).
LAKES BY THE BAY JAY (FL): 11 recorded closings in the 12 months ending 2026-07-20, a 9-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 95.6% of original asking; the median sale took 58 days (window ending 2026-07-20).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $402,000 | $250 | 58 | 95.6% | 11 |
| 2025 | $445,000 | $256 | 20 | 98.1% | 6 |
| 2024 | $432,500 | $254 | 29 | 95.9% | 4 |
| 2023 | $395,000 | $232 | 28 | 98.8% | 7 |
| 2022 | $350,000 | $202 | 11 | 100.0% | 22 |
| 2021 | $267,000 | $160 | 9 | 100.0% | 17 |
| 2020 | $262,000 | $152 | 44 | 100.0% | 15 |
| 2019 | $238,500 | $146 | 33 | 96.9% | 14 |
| 2018 | $235,000 | $138 | 15 | 99.8% | 12 |
Over the recorded series, LAKES BY THE BAY JAY’s median sold price moved from $235,000 (2018) to $402,000 (12 months ending 2026-07-20) — +71% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2018 at $235,000. The 2020–22 run-up did what it did everywhere — LAKES BY THE BAY JAY’s median moved +47% from 2019 to 2022. Against the 2025 peak of $445,000, the current median stands at -10%. Annual sales volume here has ranged from 0 to 22 closings a year (10-yr average 10.8). With roughly 10.8 closings a year, LAKES BY THE BAY JAY’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.
What actually trades here: 94% townhouse, 6% single-family residence, with a median of 1,705 sq ft and a median price per square foot of $250 in the current window.
Of the 19 recorded LAKES BY THE BAY JAY closings since 2024, half landed between $400,000 and $445,000 (the middle two quartiles); the lowest recorded sale was $369,999 and the highest $500,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.
| Sold price band | Share of closings | Sales |
|---|---|---|
| Under $375,000 | 1 (5%) | |
| $375,000 – $416,667 | 7 (37%) | |
| $416,667 – $458,333 | 7 (37%) | |
| $458,333 – $500,000 | 2 (11%) | |
| None and up | 2 (11%) |
The same recorded closings, split into thirds by living area. Find the row your home falls in: the $/sqft figure times your square footage is the recorded-sales bracket for homes like yours here — a starting range from real closings, not a valuation of your specific property. Price per square foot is nearly flat across sizes here ($247 to $250), so square footage alone explains most of the price spread.
| Size group | Median $/sqft | Median sold | Sold range | Sales |
|---|---|---|---|---|
| Smaller homes 1,518–1,705 sq ft | $247 | $389,750 | $369,999 – $413,995 | 6 |
| Mid-size homes 1,705–1,705 sq ft | $254 | $432,500 | $400,000 – $445,000 | 6 |
| Larger homes 1,705–2,110 sq ft | $250 | $475,000 | $425,000 – $500,000 | 7 |
At LAKES BY THE BAY JAY’s $402,000 median and Miami-Dade County’s adopted 17.59 mills (FY2025-26), a home assessed at that price carries roughly $7,070 a year in property tax before exemptions, or about $6,360 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.
Momentum’s market-heat index for LAKES BY THE BAY JAY reads 10/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Cash bought 18% of recorded LAKES BY THE BAY JAY sales in the window ending 2026-07 (2 of 11) — a fact worth knowing before assuming every buyer needs an appraisal to close. The table above is the closed-sale record to price a LAKES BY THE BAY JAY home against; asking prices are an opening position, recorded closings are the value.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping LAKES BY THE BAY JAY are also weighing (same ZIP), 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.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| LAKES BY THE BAY EVE REPL | $400,000 | $259 | 32 | 5 |
| LAKES BY THE BAY GEE | $410,000 | $259 | 75 | 5 |
| LAKES BY THE BAY CEE | $419,900 | $290 | 34 | 5 |
| LAKES MEADOW VILG HOMES C | $370,000 | $408 | 37 | 12 |
More LAKES BY THE BAY JAY: 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
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.