SPANISH TRACE CONDO
Homes for Sale in Miami, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via miami
Spanish Trace's numbers point to a condo market that's cooled from where it was a year ago. The median price sits at $207,000, down 11.3% year over year, and that pullback is the headline here — this isn't a market where sellers can lean on last year's comps and expect the same result.
A median 37 days on market and a market heat score of 14 both say the same thing: this is a buyer-paced environment right now. With only 15 closings in the current window, pricing precision matters more than usual — a handful of transactions can swing the median, so both sides should treat any single comp with some caution and lean on price per square foot ($277.49) as a secondary check.
SPANISH TRACE CONDO right now
🔴 Off the recent peak. The trailing-12-month median ($207K) is down 11.3% from the prior 12 months ($233K). With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level miami closed sales, 12-month windows ending July 20. Confidence: Medium (15 and 10 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 20, 2026 · Live data: miami, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
SPANISH TRACE CONDO market snapshot (as of July 20, 2026): the median sale price is about $207K ($277 per sq ft over the trailing 12 months of closed sales), and a median 37 days on market for closed sales. The trailing-12-month median is down 11% from the prior 12 months, computed from record-level miami closed sales (15 closings in the current window).
Spanish Trace Condo is a Miami-Dade condo community currently showing a wider price correction than most, with the median down double digits year over year and a slower, buyer-paced sales pace.
The setting & the homes.
Aerial and on-site photos of SPANISH TRACE CONDO. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
SPANISH TRACE CONDO
SPANISH TRACE CONDO
SPANISH TRACE CONDO
SPANISH TRACE CONDO
SPANISH TRACE CONDO
SPANISH TRACE CONDOPhotos from miami listings in SPANISH TRACE CONDO; content deemed reliable but not guaranteed.
Who SPANISH TRACE CONDO is best for.
Best for
- A buyer looking for condo pricing below where it stood a year ago and willing to evaluate units on individual merit
- An investor or owner-occupant comfortable doing extra diligence in a low-closing-volume market
- A buyer with flexible timing who can wait through a median 37-day sales cycle for the right unit
Probably not for
- A buyer expecting resort-style or building-wide amenities, since none are currently identified in MLS listings
- A seller expecting last year's pricing to hold given the current year-over-year decline
- A buyer who needs a high-volume market with abundant recent comps to feel confident in pricing
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 20 of each year, from record-level miami closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($207K) IS the median in the snapshot above, and the move from 2025 ($233K) IS the -11.3% one-year change.
Windows contain 0 to 15 sales each (15 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 2017 through 2026. Deemed reliable but not guaranteed.
SPANISH TRACE CONDO Market Scorecard
SPANISH TRACE CONDO is currently a balanced market., and homes go under contract in about 16 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: miami, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in SPANISH TRACE CONDO
Live MLS inventory for SPANISH TRACE CONDO. 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 SPANISH TRACE CONDO listings as of 2026-08-22, 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 2017 through 2026. Tap any home to ask about it.
The SPANISH TRACE CONDO buying strategy.
If we were buying in SPANISH TRACE CONDO 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 SPANISH TRACE CONDO.
A Market Resetting on Price
The double-digit year-over-year decline is the number to sit with. It doesn't necessarily mean every unit is worth less than it was — with only 15 closings feeding the window, a shift in which units sold (higher or lower floor, condition, size) can move the median on its own. Still, the direction is consistent with the slower 37-day median days on market and a market heat score of 14, both of which describe a community where inventory is taking longer to clear and buyers have more room to negotiate.
Price per square foot at $277.49 is worth tracking alongside the median price, since it strips out some of the size-mix noise a small closings count can introduce. No community amenities were identified from current MLS listings, so any evaluation of a specific unit should lean on the listing details themselves — condition, floor, view, HOA specifics — rather than assumptions about shared building features.
The location and the amenities are priced into every listing in SPANISH TRACE CONDO. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a low-volume, price-correcting condo market like this one, the median and per-square-foot figures can move quickly on a small number of sales. We track the actual closings feeding these numbers, not just the headline stat, so pricing a listing or structuring an offer here starts from what's really transacting rather than a number that's already stale.
SPANISH TRACE CONDO in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA. Confirm current dues
- 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 SPANISH TRACE CONDO 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 SPANISH TRACE CONDO sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in SPANISH TRACE CONDO, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your SPANISH TRACE CONDO home worth?
Get a no-obligation home value based on real comparable sales in SPANISH TRACE CONDO, 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 SPANISH TRACE CONDO on the map →
Recent Developments in Spanish Trace Condo
Development, infrastructure, retail, and school activity affecting Spanish Trace Condo, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
Construction permits filed for two-tower Biscayne 18 in Edgewater
Melo Group filed construction permit applications with the City of Miami for Biscayne 18, a two-tower project with 1,178 residential units at 1825 Biscayne Boulevard in Edgewater. The towers reach about 465 feet across 45 stories, with an estimated construction cost of $321 million and space for office, retail, and a banquet hall.
What it may mean for the marketMoves a large two-tower residential project toward construction in Edgewater, adding more than a thousand units plus office and retail space along the Biscayne Boulevard corridor. The site is about 1 mile northeast of Spanish Trace Condo.
Source: Florida YIMBY - July 2026Development
619 Brickell by Nobu condo tower wins review board approval
The Miami Urban Development Review Board recommended approval for 619 Brickell by Nobu, a 75-story tower with 321 units from 13th Floor Investments and Key International at 619 Brickell Avenue. The design by Foster and Partners and Sieger Suarez preserves First Miami Presbyterian Church and adds ground-floor commercial space and a public baywalk.
What it may mean for the marketAdds a branded ultra-tall condo tower to the Brickell waterfront while preserving an existing church, expanding luxury housing and adding public baywalk and commercial space. The site is about 1 mile southeast of Spanish Trace Condo.
Source: The Real Deal - July 2026Development
OKO Lilli condo tower nabs Miami review board approval in Edgewater
The Miami Urban Development Review Board recommended approval for OKO Group's OKO Lilli, a 53-story tower with 117 units at 717 Northeast 27th Street in Edgewater. Plans include a 350-foot public baywalk, an eight-story garage with 244 spaces, and Aman-curated amenities.
What it may mean for the marketAdds a high-rise condo tower and a public baywalk to the Edgewater bayfront, expanding the local housing supply and waterfront access along Biscayne Bay. The project is about 2 miles northeast of Spanish Trace Condo, elsewhere in Miami-Dade County.
Source: The Real Deal - July 2026Development
Foundation pour completed for Twenty Sixth and 2nd Wynwood Residences
Developers PMG and LNDMRK Development completed foundation work and began vertical construction on Twenty Sixth and 2nd, an 8-story building with 233 residences at 2600 NW 2nd Avenue in Wynwood. The project includes about 26,000 square feet of ground-floor retail and over 32,000 square feet of amenities, with completion expected in the second quarter of 2028.
What it may mean for the marketAdvances a new mid-rise rental building with ground-floor retail in the Wynwood district, adding housing units and street-level commercial space as vertical construction begins. The site is about 2 miles northeast of Spanish Trace Condo.
Source: Florida YIMBY - June 2026Development
Grupo T&C plans 62-story 13th Edge tower near Brickell
Grupo T&C filed a pre-application with Miami-Dade County for 13th Edge, a 62-story, 648,700-square-foot tower at 237 Southwest 13th Street with 400 apartments and 400 hotel rooms. The project, designed by Kobi Karp Architecture, would replace the 36-unit El Vedado condominium built in 1972.
What it may mean for the marketIntroduces a large mixed-use residential and hotel tower to the area west of Brickell, adding hundreds of apartments and hotel rooms and replacing a small older condominium. The site is about 1 mile southeast of Spanish Trace Condo.
Source: The Real Deal - May 2026Development
Miami Beach board approves Terra's 106-unit luxury condo tower at 1250 West Avenue
Miami Beach's Design Review Board granted unanimous approval for a 330-foot condo tower with 106 units at 1250 West Avenue, developed by Terra Group with RG Development Group and GV Development. The building would replace a 15-story, 238-unit condo constructed in 1964 and include two penthouses with rooftop pools and ground-floor commercial space.
What it may mean for the marketAdds a new luxury condo tower to the West Avenue corridor, replacing an aging mid-century building with a taller structure and ground-floor retail space, reshaping the bayfront skyline and local housing stock. The project is about 4 miles east of Spanish Trace Condo, elsewhere in Miami-Dade County.
Source: The Real Deal
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in SPANISH TRACE CONDO?
How long do homes in SPANISH TRACE CONDO take to sell?
Do cash buyers compete in SPANISH TRACE CONDO?
Who is the best real estate agent for SPANISH TRACE CONDO?
How do I find a top Miami real estate agent who knows SPANISH TRACE CONDO?
Can Momentum Realty connect me with an agent for SPANISH TRACE CONDO?
Should you buy in SPANISH TRACE CONDO?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | miami closed sales, 12-month windows ending July 20, 2026 |
| Under-contract shares | miami records, as of 2026-07-18 |
| Historical depth | Closed-sale records back to 2017 (88 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 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 member average and 8 days faster, and we’ll price yours against live your area 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 SPANISH TRACE CONDO fits the bigger picture — live prices, inventory, and Momentum Scores: