$500,000
Sold · November 5, 2025
1550 NE 118th Terrace
Explore the area: Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $500,000
- Vs. list price
- 24.2% under
- Days on market
- 71
- Price per sq ft
- $271
This 4-bedroom multi-family property in Biscayne Court sold for $500,000 on November 5, 2025. That was 24.2% below its final list price of $660,000. It spent 71 days on the market.
Listing Snapshot
- Sold Price
- $500,000
- Sold On
- November 5, 2025
- Days on Site
- 71 Days
- Bedrooms
- 4
- Total Baths
- 4
- Full Baths
- 4
- Partial Baths
- 0
- Living Area
- 1,848 sqft
- Total Sq Ft
- 2,036 sqft
- Lot Size
- 0.18 Acres
- Year Built
- 1957
- Property Type
- Multi-Family
- MLS #
- A11845325
- Property Tax
- $6,953 (2024)
- Subdivision
- BISCAYNE COURT
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Real Estate Owned
About This Property
Beautiful investment property sit on a circular drive way. Located near public schools. Spacious back yard for kids and pets. The neighborhood is quiet and neighbors are friendly. Ready for purchase.
General Features
- Property Type
- Multi-Family
- Status
- Sold
- Year Built
- 1957
- Garage Spaces
- 0
- Parking
- Circular Driveway
- Direction Faces
- Northeast
- Lot Size (Acres)
- 0.18
- Living Sq Ft
- 1,848
- Total Sq Ft
- 2,036
- Structure Type
- Duplex
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 5700
Interior Features
- Appliances
- Electric Range / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Tile
- Interior Features
- Bathtub / Living Dining Room / Main Level Primary / Storage / Soaking Tub / Tub Shower
- Windows
- Blinds
- Furnished
- Partially
Exterior Features
- Roof
- Shingle
- Lot Features
- Fruit Trees
- View
- Garden
Community & HOA
- Association Amenities
- None
- Financing Terms
- Conventional / FHA / Va Loan
- MLS Area
- 2220
Schools
- Elementary School
- David Lawrence Jr. K-8
- Middle School
- North Miami
About the Community
- Homes for Sale
- 1
- Under Contract
- 0
- Median List Price
- $720,000
- Median $/Sq Ft
- $396
- Avg Days on Market
- 69
Frequently Asked Questions
- How do I schedule a tour of 1550 NE 118th Terrace, Miami, FL 33161?
- Use the Tour button on this listing to request a showing of 1550 NE 118th Terrace, Miami, FL 33161. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1550 NE 118th Terrace, Miami, FL 33161 still available?
- 1550 NE 118th Terrace, Miami, FL 33161 is currently listed as Sold, and has been on the market 71 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1550 NE 118th Terrace, Miami, FL 33161?
- With 20% down ($132,000) on the $660,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1550 NE 118th Terrace, Miami, FL 33161 is about $3,469/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1550 NE 118th Terrace, Miami, FL 33161?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1550 NE 118th Terrace, Miami, FL 33161. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 1550 NE 118th Terrace, Miami, FL 33161?
- 1550 NE 118th Terrace, Miami, FL 33161 is zoned for David Lawrence Jr. K-8 (elementary), North Miami (middle). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1550 NE 118th Terrace, Miami, FL 33161?
- Often, yes. The right offer on 1550 NE 118th Terrace, Miami, FL 33161 depends on how it's priced against comparable multi-family sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Florida Capital Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$500,000
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Listed by Annette Augustin, Florida Capital Realty
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Recent Sales
Recently sold homes in Biscayne Court
These are the last 3 recorded closings in Biscayne Court, with the price each home actually sold for rather than what it was listed at. They closed at a median of $368 per square foot. The most recent closed on April 26, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$430,000
Sold · April 26, 2026
1450 NE 118th Street
3 bed · 2 bath · 1,358 sqft · $317/sqft
$40,000 under the asking price
Sold$680,000
Sold · February 20, 2026
1550 NE 118th Terrace
0 bed · 0 bath · 1,848 sqft · $368/sqft
$9,000 under the asking price
Sold$685,000
Sold · August 18, 2025
1540 NE 118th Street
0 bed · 0 bath · 1,720 sqft · $398/sqft
See every recorded sale in Biscayne Court or find out what your Biscayne Court home is worth.
