Why Live in Malibu Bay
Malibu Bay in Homestead is a guard-gated, master-planned community located in the northeast corner of the city. This suburban neighborhood offers convenient access to Miami via the nearby Ronald Reagan Turnpike, making it a practical choice for commuters. The community is adjacent to Baptist Health Homestead Hospital, a significant local employer. Homes in Malibu Bay feature Spanish and Mediterranean designs, with options ranging from single-story ranch-style houses to larger six-bedroom estates, all built in the early 2000s. The neighborhood also includes multifamily homes like townhouses and condos. Managed by an HOA, residents enjoy amenities such as a clubhouse that hosts holiday events. Campbell Drive runs through the south side of Malibu Bay, providing easy access to commercial areas with pharmacies, banks, grocery stores, and dining options. Local eateries include El Coquí Is Here, known for Puerto Rican cuisine, and Taqueria Morelia, offering traditional Mexican dishes. Students in the area attend Mandarin Lakes K-8 Academy and Homestead Senior High, which features magnet programs, or respected charter schools like Somerset Academy and the Charter School at Waterstone. While there are no public parks within the neighborhood, several parks, including Mayor Roscoe Warren Municipal Park, are within a 5-mile drive and offer various recreational facilities. Malibu Bay is noted for its lower crime risk compared to the national average, enhancing its appeal as a secure and convenient place to live.
Home Trends in Malibu Bay, FL
On average, homes in Malibu Bay, Homestead sell after 96 days on the market compared to the national average of 51 days. The median sale price for homes in Malibu Bay, Homestead over the last 12 months is $368,500, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$368,500
Median Single Family Sale Price
$590,000
Median Townhouse Sale Price
$368,500
Median 2 Bedroom Sale Price
$249,500
Average Price Per Sq Ft
$262
Number of Homes for Sale
44
Last 12 months Home Sales
57
Median List Price
$335,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
13%