Price Check
How this price compares
- Asking price
- $660,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 22
This 4-bedroom single-family home in Tropical Estates 1st Addn went under contract with an asking price of $660,000. It spent 22 days on the market before going under contract.
Estimated monthly payment
$3,469 /mo
Principal and interest only, based on $132,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $660,000
- Days on Site
- 22 Days
- Bedrooms
- 4
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Total Sq Ft
- 2,459 sqft
- Lot Size
- 0.18 Acres
- Year Built
- 1952
- Property Type
- Single Family
- MLS #
- A12084935
- Property Tax
- $6,591 (2025)
- Subdivision
- TROPICAL ESTATES 1ST ADDN
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
Attention investors, renovators, and future homeowners! Discover an incredible opportunity to own a spacious 4-bedroom, 2-bathroom single-family home in the desirable Olympia Heights neighborhood.Situated on an oversized lot with no HOA, this property offers endless possibilities to renovate, customize, and create the home you’ve been looking for. The functional floor plan provides generous living spaces, while the separate studio in the backyard offers additional flexibility for extended family, guests, a private home office, or other potential uses.The expansive outdoor area provides plenty of room for entertaining, future improvements, multiple vehicles, a boat, jet skis, and more. Whether you’re searching for your next investment project or a home you can personalize and enjoy for years to come, this property offers the space, location, and potential to bring your vision to life.Centrally located near major expressways, shopping, dining, schools, and everyday conveniences. Opportunities with this much potential, a large lot, and no HOA are difficult to find. Schedule your private showing today!
MLS media linkGeneral Features
- Property Type
- Single Family
- Status
- Under Contract
- Year Built
- 1952
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 0
- Parking
- Boat / Driveway / Rv Access Parking
- Direction Faces
- North
- Lot Size (Acres)
- 0.18
- Total Sq Ft
- 2,459
- Sewer
- Septic Tank
- Water Source
- Public
- Zoning
- 0100
Interior Features
- Appliances
- Dryer / Electric Range / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Ceiling Fans / Electric
- Heating
- Central / Electric
- Flooring
- Tile
- Interior Features
- Bathtub / Eat In Kitchen / Living Dining Room / Main Level Primary / Soaking Tub
- Windows
- Blinds
- Total Rooms
- 2
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Roof
- Built Up
- Exterior Features
- Lighting / Outdoor Living Area
- Patio & Porch
- Patio / Porch
- Waterfront Features
- None
- View
- Garden / Other
Community & HOA
- Community Features
- Street Lights
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional / FHA
- Restrictions
- No Restrictions
- MLS Area
- 2400
Schools
- Elementary School
- Tropical (Miami-Dade)
- Middle School
- Riviera
- High School
- Southwest Miami
About the Community
- Homes for Sale
- 2
- Under Contract
- 2
- Median List Price
- $599,000
- Median $/Sq Ft
- $393
- Avg Days on Market
- 15
Frequently Asked Questions
- How do I schedule a tour of 9940 SW 48th Street, Miami, FL 33165?
- Use the Tour button on this listing to request a showing of 9940 SW 48th Street, 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 9940 SW 48th Street, Miami, FL 33165 still available?
- 9940 SW 48th Street, Miami, FL 33165 is currently listed as Under Contract, and has been on the market 22 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 9940 SW 48th Street, Miami, FL 33165?
- 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 9940 SW 48th Street, Miami, FL 33165 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 9940 SW 48th Street, Miami, FL 33165?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 9940 SW 48th Street, 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 9940 SW 48th Street, Miami, FL 33165?
- 9940 SW 48th Street, Miami, FL 33165 is zoned for Tropical (Miami-Dade) (elementary), Riviera (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 9940 SW 48th Street, Miami, FL 33165?
- Often, yes. The right offer on 9940 SW 48th Street, 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 Compass Florida, 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 September 10, 2026.
$660,000
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Listed by Edwin Amauri Meza Ayala, Compass Florida, LLC
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Recent Sales
Recently sold homes in Tropical Estates 1st Addn
These are the last 4 recorded closings in Tropical Estates 1st Addn, with the price each home actually sold for rather than what it was listed at. They closed at a median of $372 per square foot. The most recent closed on October 9, 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$536,000
Sold · October 9, 2026
9840 SW 48th Street
4 bed · 2 bath · 1,440 sqft · $372/sqft
$89,000 under the asking price
Sold$540,000
Sold · August 31, 2026
10055 SW 52nd Terrace
4 bed · 2 bath · 1,151 sqft · $469/sqft
$59,999 under the asking price
Sold$835,000
Sold · August 28, 2026
9920 SW 49th Street
4 bed · 2 bath · 2,242 sqft · $372/sqft
Sold$455,000
Sold · August 11, 2026
5015 SW 98th Court
3 bed · 1 bath · 1,351 sqft · $337/sqft
$95,000 under the asking price
See every recorded sale in Tropical Estates 1st Addn or find out what your Tropical Estates 1st Addn home is worth.
