$475,000
Sold · August 20, 2025
16388 SW 47th Terrace
PARK LAKES SEC 3
Explore the area: Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $475,000
- Vs. list price
- 2.9% under
- Days on market
- 35
- Price per sq ft
- $375
This 2-bedroom townhouse in ZIP 33185 sold for $475,000 on August 20, 2025. That was 2.9% below its final list price of $489,000. It spent 35 days on the market.
Listing Snapshot
- Sold Price
- $475,000
- Sold On
- August 20, 2025
- Days on Site
- 35 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,268 sqft
- Total Sq Ft
- 1,458 sqft
- Year Built
- 2002
- Property Type
- Townhouse
- MLS #
- A11822294
- Property Tax
- $7,323 (2024)
- HOA Fees
- $150 / Monthly
- Subdivision
- PARK LAKES SEC 3
- County
- Miami Dade
- Status
- Sold
About This Property
Spacious 2 Bed/2 Bath Townhouse located in the gated community of Melrose Parc. Beautiful lake view, one-car garage, new stainless steel appliances, granite kitchen counters. Large master bedroom with Lake views & walk-in closets. The community offers a pool & playground & is close to excellent schools.
MLS media linkGeneral Features
- Property Type
- Townhouse
- Status
- Sold
- Year Built
- 2002
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 1
- Attached Garage
- Yes
- Parking
- Attached / Garage
- Living Sq Ft
- 1,268
- Total Sq Ft
- 1,458
- Structure Type
- Townhouse
Interior Features
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central
- Flooring
- Tile
- Interior Features
- Bedroom On Main Level
Exterior Features
- Construction
- Block
- Exterior Features
- Other
- Architectural Style
- Other
- Pool Features
- Heated
- Waterfront Features
- Lake Front / None
- View
- Lake
Community & HOA
- HOA Fee
- $150 / Monthly
- HOA Includes
- Common Areas / Maintenance Grounds / Maintenance Structure
- Association Amenities
- Clubhouse / Playground / Pool
- Community Features
- Home Owners Association
- Security
- Key Card Entry / Phone Entry / Security Guard
- Pets Allowed
- Pet Restrictions / Yes
- 55+ Community
- Yes
- Financing Terms
- Conventional
- Restrictions
- No Rv / No Truck / No Trailer Parking / Other Restrictions
- MLS Area
- 2490
About the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 9,370
- Under Contract
- 1,779
- Median List Price
- $645,000
- Median Sale Price (September)
- $592,500
- Median $/Sq Ft
- $509
- Avg Days on Market
- 144
Frequently Asked Questions
- How do I schedule a tour of 16388 SW 47th Terrace, Miami, FL 33185?
- Use the Tour button on this listing to request a showing of 16388 SW 47th Terrace, Miami, FL 33185. 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 16388 SW 47th Terrace, Miami, FL 33185 still available?
- 16388 SW 47th Terrace, Miami, FL 33185 is currently listed as Sold, and has been on the market 35 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 16388 SW 47th Terrace, Miami, FL 33185?
- With 20% down ($97,800) on the $489,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 16388 SW 47th Terrace, Miami, FL 33185 is about $2,570/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 16388 SW 47th Terrace, Miami, FL 33185?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 16388 SW 47th Terrace, Miami, FL 33185. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 16388 SW 47th Terrace, Miami, FL 33185 have an HOA fee?
- Yes: 16388 SW 47th Terrace, Miami, FL 33185 carries an HOA fee of about $150 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- Can I negotiate the price of 16388 SW 47th Terrace, Miami, FL 33185?
- Often, yes. The right offer on 16388 SW 47th Terrace, Miami, FL 33185 depends on how it's priced against comparable townhouse 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 Community Realty Associates
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 30, 2026.
$475,000
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Listed by Douglas E. Addeo, Community Realty Associates
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Recent Sales
Recently sold homes in ZIP 33185
These are the last 6 recorded closings in ZIP 33185, with the price each home actually sold for rather than what it was listed at. They closed at a median of $354 per square foot. The most recent closed on October 13, 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$520,000
Sold · October 13, 2026
5335 SW 153rd Avenue
3 bed · 2 bath · 1,469 sqft · $354/sqft
$20,910 over the asking price
Sold$710,000
Sold · October 9, 2026
5501 SW 147th Place
4 bed · 3 bath · 2,045 sqft · $347/sqft
$40,000 under the asking price
Sold$1,050,000
Sold · October 5, 2026
15425 SW 20th Lane
5 bed · 4 bath
$25,000 under the asking price
Sold$950,000
Sold · September 30, 2026
15624 SW 20th Street
4 bed · 3.5 bath · 2,526 sqft · $376/sqft
Sold$520,000
Sold · September 18, 2026
4233 SW 164th Court
3 bed · 2 bath · 1,530 sqft · $340/sqft
$15,000 under the asking price
Sold$1,170,000
Sold · September 18, 2026
15490 SW 18th Lane
5 bed · 4.5 bath · 2,437 sqft · $480/sqft
$80,000 under the asking price
See every recorded sale in ZIP 33185 or find out what your ZIP 33185 home is worth.
