Why Live in Spanish Lakes
There isn't a lot of turnover in Spanish Lakes, an unincorporated Hialeah neighborhood with well-maintained Spanish Revivals. Longtime homeownership is typical in this suburban enclave, and proximity to Interstate 75 and Florida's Turnpike makes it convenient for commuters. It draws buyers looking for lower taxes, easy highway access and a low-key vibe near Hialeah and Miami Lakes. Families value walkable schools, little through traffic, as well as nearby parks and everyday conveniences. Home prices in Spanish Lakes typically range from the high $400,000s to the mid $700,000s, with a median in the low $600,000s that has remained fairly steady as limited inventory keeps options tight, especially for larger homes. A mandatory HOA with dues under $200 covers amenities, such as a community pool, shared-space landscaping and a security patrol, though buyers should be mindful of roof and parking rules, as well as required flood insurance.
Frequently Asked Questions
Is Spanish Lakes a good place to live?
Spanish Lakes is a good place to live. Spanish Lakes is considered car-dependent and somewhat bikeable. Spanish Lakes is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Spanish Lakes has 6 parks for recreational activities. It is fairly sparse in population with 4.8 people per acre and a median age of 42. The average household income is $89,244 which is below the national average. College graduates make up 30.5% of residents. A majority of residents in Spanish Lakes are home owners, with 13.1% of residents renting and 86.9% of residents owning their home. A
local real estate agent serving Spanish Lakes can help you decide if this neighborhood is the right one for you. Learn more on our
Spanish Lakes neighborhood guide.
Is Spanish Lakes, FL a safe neighborhood?
Spanish Lakes, FL is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Spanish Lakes?
The median home price in Spanish Lakes is $642,450. If you put a 20% down payment of $128,500 and had a 30-year fixed mortgage with an interest rate of 5.98%, your estimated principal and interest payment would be $3,070 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $132K a year to afford the median home price in Spanish Lakes. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Spanish Lakes is $89K.
What are the best public schools in Spanish Lakes?
The best public schools that serve Spanish Lakes are:
What are the best private schools in Spanish Lakes?
The best private schools that serve Spanish Lakes are:
What are the most popular zip codes in Spanish Lakes, Miami, FL?
What are the most popular neighborhoods near Spanish Lakes, Miami, FL?
Are home prices dropping in Spanish Lakes?
Yes, home prices in Spanish Lakes are down 1% in the last 12 months.
Home Trends in Spanish Lakes, FL
On average, homes in Spanish Lakes, Miami sell after 61 days on the market compared to the national average of 54 days. The median sale price for homes in Spanish Lakes, Miami over the last 12 months is $610,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$610,000
Median Single Family Sale Price
$634,950
Average Price Per Sq Ft
$345
Number of Homes for Sale
1
Last 12 months Home Sales
7
Median List Price
$642,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%