$1,550,000
8966 SW 40th Terrace
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $1,550,000
- Price per sq ft
- $755
- Vs. nearby sales
- 96.6% above
- Days on market
- 132
This 4-bedroom single-family home in ZIP 33165 is listed at $1,550,000, or $755 per square foot. It has been on the market for 132 days. The 6 most recent single-family home sales in the closings shown below sold at a median of $384 per square foot, so the asking price is 96.6% above what comparable homes here actually sold for.
Estimated monthly payment
$8,146 /mo
Principal and interest only, based on $310,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,550,000
- Days on Site
- 132 Days
- Bedrooms
- 4
- Total Baths
- 4
- Full Baths
- 3
- Partial Baths
- 1
- Living Area
- 2,054 sqft
- Total Sq Ft
- 2,870 sqft
- Lot Size
- 0.17 Acres
- Year Built
- 2026
- Property Type
- Single Family
- MLS #
- B26012052
- Property Tax
- $5,373 (2025)
- Subdivision
- OLYMPIA GARDENS
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Standard
About This Property
Brand New Contemporary Jewel in Olympia Heights of Miami. 4BD/3.5BA with soaring ceilings, concrete roof, and flawless open layout. Designer European finishes, chef's kitchen with built-in appliances, and a luxe primary suite with wet bar. Resort-style pool with 350 SF covered outdoor terrace with kitchenette/bar—built for entertaining. Spacious 2-car garage. Prime location near Turnpike & Palmetto, top schools, shopping & dining. Estimated completion in ~2 months. Modern luxury done right—rare opportunity. Act fast. Disclaimer: Select images are artist renderings intended to illustrate the completed design; final finishes may vary slightly.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Active
- Year Built
- 2026
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached / Driveway / Garage
- Direction Faces
- North
- Lot Size (Acres)
- 0.17
- Living Sq Ft
- 2,054
- Total Sq Ft
- 2,870
- Structure Type
- House
- Sewer
- Septic Tank
- Water Source
- Public
- Zoning
- 5700
Interior Features
- Appliances
- Cooktop / Dryer / Dishwasher / Electric Cooktop / Electric Range / Oven / Refrigerator / Washer
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central
- Flooring
- Concrete / Ceramic Tile / Marble / Tile
- Interior Features
- Wet Bar / Built In Features / Closet Cabinetry / Kitchen Island / Multiple Primary Suites / Multiple En Suite Bathrooms / Split Bedrooms / Storage / Bar
- Laundry
- Laundry Room
- Windows
- Insulated Windows
- Main Level Bedrooms
- 4
- Main Level Baths
- 3
- Total Rooms
- 3
Exterior Features
- Construction
- CBS Concrete Block Structure / Block / Stucco
- Roof
- Concrete / Rolled Hot Mop
- Exterior Features
- Barbecue / Outdoor Kitchen / Outdoor Living Area
- Architectural Style
- Contemporary
- Private Pool
- Yes
- Pool Features
- Fenced / In Ground / Private
- Patio & Porch
- Patio / Porch / Terrace
- Lot Features
- Less Than Quarter Acre
Community & HOA
- Utilities
- Cable Available / Electricity Connected / Sewer Connected / Water Connected
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 2500
Schools
- Elementary School
- Banyan (Miami-Dade)
- Middle School
- Glades (Miami-Dade)
- High School
- Southwest Miami
About the Community
- Homes for Sale
- 1
- Median List Price
- $1,550,000
- Median $/Sq Ft
- $755
- Avg Days on Market
- 132
Frequently Asked Questions
- How do I schedule a tour of 8966 SW 40th Terrace, Miami, FL 33165?
- Use the Tour button on this listing to request a showing of 8966 SW 40th Terrace, Miami, FL 33165. 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 8966 SW 40th Terrace, Miami, FL 33165 still available?
- 8966 SW 40th Terrace, Miami, FL 33165 is currently listed as Active, and has been on the market 132 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 8966 SW 40th Terrace, Miami, FL 33165?
- With 20% down ($310,000) on the $1,550,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 8966 SW 40th Terrace, Miami, FL 33165 is about $8,146/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 8966 SW 40th Terrace, Miami, FL 33165?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 8966 SW 40th Terrace, Miami, FL 33165. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 8966 SW 40th Terrace, Miami, FL 33165?
- 8966 SW 40th Terrace, Miami, FL 33165 is zoned for Banyan (Miami-Dade) (elementary), Glades (Miami-Dade) (middle), Southwest Miami (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 8966 SW 40th Terrace, Miami, FL 33165?
- Often, yes. The right offer on 8966 SW 40th Terrace, Miami, FL 33165 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 Dade Luxury Realty LLC
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 June 23, 2026.
$1,550,000
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Listed by Dmitry Asanov, Dade Luxury Realty LLC
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Recent Sales
Recently sold homes in ZIP 33165
These are the last 6 recorded closings in ZIP 33165, with the price each home actually sold for rather than what it was listed at. They closed at a median of $400 per square foot. The most recent closed on October 2, 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$550,000
Sold · October 2, 2026
8920 SW 20th Street
3 bed · 2 bath · 1,532 sqft · $359/sqft
$100,000 under the asking price
Sold$810,000
Sold · October 1, 2026
10910 SW 40th Street
5 bed · 3 bath · 2,280 sqft · $355/sqft
$225,000 under the asking price
Sold$871,000
Sold · October 1, 2026
8731 SW 53rd Street
3 bed · 2 bath · 1,704 sqft · $511/sqft
$18,900 under the asking price
Sold$455,000
Sold · October 1, 2026
11345 SW 44th Street
3 bed · 1 bath · 1,235 sqft · $368/sqft
$40,000 under the asking price
Sold$700,000
Sold · September 30, 2026
3620 SW 92nd Avenue
3 bed · 2 bath · 1,114 sqft · $628/sqft
$20,000 under the asking price
Sold$560,000
Sold · September 30, 2026
11290 SW 47th Terrace
3 bed · 1 bath · 1,399 sqft · $400/sqft
$50,000 under the asking price
See every recorded sale in ZIP 33165 or find out what your ZIP 33165 home is worth.
