$525,000
Sold · August 28, 2026
16166 SW 86th Terrace
Explore the area: Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $525,000
- Vs. list price
- 4.4% under
- Days on market
- 4
- Price per sq ft
- $361
This 3-bedroom single-family home in Lago Mar South sold for $525,000 on August 28, 2026. That was 4.4% below its final list price of $549,000. It spent 4 days on the market. At $361 per square foot, it closed 4% above the $347 median of the 5 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $525,000
- Sold On
- August 28, 2026
- Days on Site
- 4 Days
- Bedrooms
- 3
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,454 sqft
- Total Sq Ft
- 1,762 sqft
- Lot Size
- 0.1 Acres
- Year Built
- 1994
- Property Type
- Single Family
- MLS #
- A12052670
- Property Tax
- $2,147 (2025)
- HOA Fees
- $75 / Monthly
- Subdivision
- LAGO MAR SOUTH
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Spacious and Bright Single Family Home centrally located between Kendall Drive & Sunset. Property Features: tile and wood laminate floors, shower & tub in the primary bathroom, built in closets in the primary bedroom andthe second bedroom, family room, updated kitchen with granite tops and stainless steel appliances gas water heater, spacious two car garage, 2 year old air conditioner, accordion shutters and a back yard terrace perfect for entertaining.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 1994
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 2
- Direction Faces
- North
- Lot Size (Acres)
- 0.1
- Living Sq Ft
- 1,454
- Total Sq Ft
- 1,762
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 2800
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Gas Water Heater / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Laminate / Tile
- Interior Features
- Built In Features / Bedroom On Main Level / Bathtub / High Ceilings / Living Dining Room / Main Level Primary / Split Bedrooms / Soaking Tub / Separate Shower
- Total Rooms
- 1
Exterior Features
- Construction
- Block
- Roof
- Barrel
- Exterior Features
- Other
Community & HOA
- HOA Fee
- $75 / Monthly
- Association Amenities
- Other
- Community Features
- Home Owners Association
- Financing Terms
- Cash / Conventional / FHA
- Restrictions
- Other Restrictions
- MLS Area
- 2490
Schools
- Elementary School
- Christina M. Eve
- Middle School
- Lamar Louise Curry
- High School
- Felix Varela
About the Community
Lago Mar South is an age-restricted 55+ community in Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $720,000 to $730,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Lago Mar South and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 2
- Median List Price
- $725,000
- Median $/Sq Ft
- $399
- Avg Days on Market
- 192
Frequently Asked Questions
- How do I schedule a tour of 16166 SW 86th Terrace, Miami, FL 33193?
- Use the Tour button on this listing to request a showing of 16166 SW 86th Terrace, Miami, FL 33193. 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 16166 SW 86th Terrace, Miami, FL 33193 still available?
- 16166 SW 86th Terrace, Miami, FL 33193 is currently listed as Sold, and has been on the market 4 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 16166 SW 86th Terrace, Miami, FL 33193?
- With 20% down ($109,800) on the $549,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 16166 SW 86th Terrace, Miami, FL 33193 is about $2,885/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 16166 SW 86th Terrace, Miami, FL 33193?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 16166 SW 86th Terrace, Miami, FL 33193. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 16166 SW 86th Terrace, Miami, FL 33193 have an HOA fee?
- Yes: 16166 SW 86th Terrace, Miami, FL 33193 carries an HOA fee of about $75 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 16166 SW 86th Terrace, Miami, FL 33193?
- 16166 SW 86th Terrace, Miami, FL 33193 is zoned for Christina M. Eve (elementary), Lamar Louise Curry (middle), Felix Varela (high). 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 16166 SW 86th Terrace, Miami, FL 33193?
- Often, yes. The right offer on 16166 SW 86th Terrace, Miami, FL 33193 depends on how it's priced against comparable single 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 The Keyes Company
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 August 1, 2026.
$525,000
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Listed by Manuel Casamayor Jr, The Keyes Company
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Recent Sales
Recently sold homes in Lago Mar South
These are the last 5 recorded closings in Lago Mar South, with the price each home actually sold for rather than what it was listed at. They closed at a median of $347 per square foot. The most recent closed on August 6, 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$700,000
Sold · August 6, 2026
8618 SW 161st Place
4 bed · 3 bath · 2,146 sqft · $326/sqft
$20,000 under the asking price
Sold$530,000
Sold · May 6, 2026
16154 SW 85th Street
3 bed · 2 bath · 1,454 sqft · $365/sqft
$19,999 under the asking price
Sold$599,900
Sold · January 9, 2026
16096 SW 85th Street
3 bed · 3 bath · 1,729 sqft · $347/sqft
Sold$550,000
Sold · September 30, 2025
15985 SW 82nd Street
3 bed · 2 bath · 1,631 sqft · $337/sqft
$10,000 under the asking price
Sold$680,000
Sold · August 26, 2025
8612 SW 159th Place
4 bed · 3 bath · 1,847 sqft · $368/sqft
$19,980 under the asking price
See every recorded sale in Lago Mar South or find out what your Lago Mar South home is worth.
