Community · Miami, FL
The Terraces Miami, FL Homes For Sale & Real Estate
The Terraces, Miami, FL, is a community in Miami-Dade County with 4 homes for sale right now. Construction dates to 1971.
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Market Overview
The Terraces real estate market
There are 4 active listings for sale in The Terraces right now. The median list price is $249,500, or about $289 per square foot. Listings span $210,000 to $285,000, so there is inventory across most budgets. Homes are averaging 46 days on market. These figures update from the MLS as the market moves.
The Terraces Market Stats
MLS data updated October 1, 2026- Active Listings
- 4
- Median List Price
- $249,500
- Median $/Sq Ft
- $289
- Avg Days on Market
- 46
- Price Range
- $210,000 to $285,000
Frequently Asked Questions
- How many homes are for sale in The Terraces?
- There are 4 active listings for sale in The Terraces right now, and these counts update from the MLS as homes come on the market and go under contract. Prices sit in a narrow band here, so homes in The Terraces tend to compete directly with each other. Ask us to set up a search alert and you will see new The Terraces listings the day they reach the market.
- What is the median home price in The Terraces?
- The median list price in The Terraces is $249,500, or roughly $289 per square foot. The median is the midpoint of what is currently listed, so about half of The Terraces homes ask more and half ask less, within a broader range of $210,000 to $285,000. The median sits near the middle of that range, so The Terraces inventory is spread fairly evenly rather than bunched at one end. We can pull recent comparable sales to price a specific home more precisely.
- What price range do homes in The Terraces cover?
- Homes for sale in The Terraces currently range from about $210,000 at the entry level to $285,000 at the top of the market. That spread reflects unit size, floor, and finish level across the condos and townhomes here, with the median list price around $249,500. The spread is tight, which usually points to a consistent housing stock rather than a mix of sizes and eras. Tell us your budget and must-haves and we will send the The Terraces listings that actually fit.
- How long do homes take to sell in The Terraces?
- Homes in The Terraces are averaging 46 days on market, measured from the day a listing goes live to the day it goes under contract. That is a brisk pace, close to what a balanced South Florida market looks like, so a sharply priced home rarely lingers. Days on market in The Terraces also shift with the season and with how a home is priced, so a sharply priced listing can still sell well ahead of the average.
About The Terraces
The Terraces, Miami, FL, is a community in Miami-Dade County with 4 homes for sale right now. Construction dates to 1971. Listings update from the MLS nightly.
Homes & Architecture
Homes for sale in The Terraces
Homes for sale in The Terraces offer 1 to 2 bedrooms and 1.5 to 2 baths. Living areas run from about 725 to 930 square feet. The mix here includes condo homes. Current prices run from $210,000 to $285,000.
Schools
Schools near The Terraces
Homes for sale in The Terraces are typically zoned for the Miami public schools below, based on current MLS listings. Confirm the exact attendance zone for any specific address with the Miami-Dade County school district before you buy.
- Elementary School
- William Lehman
- Middle School
- Arvida
- High School
- Miami Killian
HOA
The Terraces HOA fees
- Median HOA fee
- $462/mo
- Typical range
- $436 to $463
- Lowest to highest
- $360 to $463
- Listings with a fee
- 4 of 4
Across the 4 homes for sale in The Terraces that list an HOA fee, the median is $462 a month. Half of them fall between $436 and $463. Fees quoted quarterly or yearly are converted to a monthly figure so they compare directly.
The fee most often covers water, sewer, trash pickup, common areas, grounds maintenance and pool upkeep. Coverage differs from one building or section to the next, so read what a specific listing includes before comparing it with another.
Listings here most often mention grounds maintenance, pool, tennis courts, laundry facilities, clubhouse and elevators.
All 4 listings that state a pet policy allow pets, some with size or number limits.
From current MLS listings in The Terraces; the figures change as homes come and go. Confirm the fee, any special assessments and the association's rules with the HOA before you buy.
Recent Sales
Recently sold homes in The Terraces
These are the last 4 recorded closings in The Terraces, with the price each home actually sold for rather than what it was listed at. They closed at a median of $263 per square foot. The most recent closed on September 16, 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$250,000
Sold · September 16, 2026
10400 SW 108th Avenue A215
2 bed · 2 bath · 900 sqft · $278/sqft
Sold$240,000
Sold · August 11, 2026
10500 SW 108th Avenue B210
2 bed · 1.5 bath · 930 sqft · $258/sqft
$9,000 under the asking price
Sold$300,000
Sold · March 3, 2026
10700 SW 108th Avenue C316
3 bed · 2.5 bath · 1,190 sqft · $252/sqft
Sold$244,900
Sold · December 30, 2025
10400 SW 108th Avenue A409
2 bed · 1.5 bath · 930 sqft · $263/sqft
See every recorded sale in The Terraces or find out what your The Terraces home is worth.
Market & Value
The Terraces market and home values
Values in The Terraces track the community's own sales more closely than any broad regional number. The median list price in The Terraces is around $249,500, or roughly $289 per square foot. That sits about 58% below the Miami-Dade County median, which shows where The Terraces lands in the local market. Recent asking prices have run from $210,000 to $285,000, so the home you choose within The Terraces matters as much as the community average. Homes here have recently taken about 46 days to go under contract, a useful gauge of how quickly the The Terraces market is moving. For pricing an offer or a listing, comparable sales within The Terraces carry more weight than any headline number, since homes of the same type and size set the real range. Pure Equity can pull the active and recently sold homes in The Terraces so you work from real numbers, not an estimate.
How It Compares
The Terraces compared to nearby Miami communities
The Terraces carries the lowest median of the 7 Miami communities compared here. Price per square foot is the fairer comparison between communities, because it adjusts for the fact that one neighborhood builds bigger homes than another. Days on market shows how quickly each one is actually selling.
| Community | Homes | Median | $/Sq Ft | Days |
|---|---|---|---|---|
| Aston Martin Residences | 52 | $3,250,000 | $1,592 | 233 |
| Paramount Miami Worldcent | 82 | $1,012,500 | $672 | 260 |
| Icon Brickell | 56 | $839,500 | $817 | 167 |
| Icon Brickell | 65 | $770,000 | $761 | 195 |
| Golf Park | 55 | $535,000 | $323 | 148 |
| Opera Tower | 55 | $345,000 | $479 | 178 |
| The Terraces this page | 4 | $249,500 | $289 | 46 |
Medians come from active listings in each community and move as inventory turns over. They describe the homes currently for sale, not what any one home is worth.
Who It Suits
Is The Terraces right for you?
A quick read on who fits The Terraces saves time before you visit. The Terraces suits a range of buyers, from first-time owners to move-up families, who want a home in Miami with the everyday conveniences of the area close by. On price, The Terraces sits toward the more attainable end of the market, which draws first-time buyers, downsizers, and investors. Whether The Terraces is right for you depends on how you plan to use the home, full time or seasonally, and Pure Equity can walk you through the tradeoffs before you commit.
Amenities & Lifestyle
Living in The Terraces
The Terraces is a residential neighborhood, and its homeowners association maintains the shared areas and community standards.
Location
The Terraces location
The Terraces is located in Miami, part of Miami-Dade County, Florida. Residents are close to the shopping, dining, schools, and parks of the Miami area, with the wider job centers, beaches, and airports of the region within driving distance.
Buying in The Terraces
Buying a home in The Terraces
Buying in The Terraces follows the same path as the rest of Miami-Dade County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Miami-Dade County is about $3,516. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Miami means you see new listings in The Terraces the day they reach the market.
Selling in The Terraces
Selling a home in The Terraces
A successful sale in The Terraces comes down to pricing, presentation, and marketing. List prices in The Terraces currently center around $249,500, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for The Terraces owners in Miami, so you can see what your property could sell for before you commit to listing.
Thinking of Selling?
What is your The Terraces home worth?
Online estimates miss what makes a home different. Tell us about yours and a licensed listing agent will send you a pricing opinion based on what has actually closed near you in The Terraces.
Listing agents and seller representation in The Terraces
Thinking about selling in The Terraces? The agent you pick shapes two numbers: what your home closes for, and how long it takes. A listing agent, also called a seller's agent, prices the property against what has actually closed nearby. They also prepare and market it, screen the offers that arrive, and negotiate the terms rather than just the price.
Conditions in The Terraces sit close to balanced, which rewards sellers who price against real closed sales instead of neighboring asking prices. Homes here are averaging about 46 days from listing to accepted offer, so build that into your moving timeline.
Community-level detail matters most here. Association rules, what the fees cover, and which buildings sell fastest all affect your outcome. So does whether a buyer needs board approval before closing. None of it appears in a listing description. All of it decides whether a sale closes on time.
Pure Equity is a licensed Florida brokerage serving The Terraces. Onias Derilus is the broker of record, Florida Real Estate Broker license BK3276618. A broker holds a higher license than an agent working under one. In practice that means the person advising you on price is also the one legally responsible for the file. That matters most when a deal gets complicated.
More on this: listing agents in Miami · how listing agent commission works · selling a house with open permits
Realtors and real estate agents serving The Terraces
People search for realtors, real estate agents, and real estate brokers more or less interchangeably. For most purposes the job title matters less than licensing and representation. Every licensed agent in Florida works under a broker. That broker carries final responsibility for the transaction.
What separates real estate professionals in The Terraces is specificity. Can they answer questions about your street, not just your city? Ask what they have closed nearby and how they arrived at a price. A grounded answer cites particular recent sales. It also explains why those homes compare to yours. Vague reassurance is the warning sign.
More on this: how an HOA affects your home value · how a special assessment affects your sale · Florida seller disclosures and inspections
Buyer's agents in The Terraces
A buyer's agent represents the purchaser rather than the owner. They identify properties that actually fit and research what comparable homes sold for, not what they asked. They also advise on offer strategy. Finally, they manage inspection and financing deadlines through to closing.
Where buyers have room to negotiate, as they do in The Terraces, the leverage is only worth something if you know where it exists and what to ask for. If you are buying and selling at the same time, which is common for people moving within Miami-Dade County, sequencing the two is its own skill: contingencies, timing, and what happens if one closing slips all need planning before either home goes on the market.
What representation costs
Real estate commissions are negotiable. No law, multiple listing service, or association sets them. If an agent tells you there is a standard rate, they are misinforming you. What you pay is agreed between you and the brokerage you hire. Get it in writing before the work begins.
Industry rules changed in 2024. Now a buyer and their agent must put compensation in a written buyer agreement before touring homes together. Sellers may still offer to contribute toward the buyer's side. However, that is negotiated rather than assumed. It is worth thinking through with your listing agent before you go live.
More on this: how commission is actually structured · listing photographs, and why they decide the outcome · what Florida sellers have to disclose
Buying Instead?
Search The Terraces with someone local
We will tell you which listings are worth your time, what comparable homes actually closed for, and how to structure an offer that holds up through inspection and financing.
Frequently asked questions
How do I find a listing agent in The Terraces?
Ask any listing agent you interview two questions. Which homes have they closed near The Terraces, and how did they arrive at their suggested price? A grounded answer names recent closed sales. It also explains why those homes compare to yours. With a median around $249,500 here, the gap between realistic pricing guidance and optimistic guidance is real money. Verify the license too. Florida licenses are public and searchable through the state's DBPR portal. Pure Equity is a licensed brokerage serving Miami-Dade County. You can reach the broker directly at (561) 835-5400.
What does a seller's agent actually do?
A seller's agent prices the home against comparable closed sales. Before it goes live, they advise on repairs and presentation. Then they handle photography and marketing, and put the home in front of buyers and other agents. When offers arrive, they screen them and negotiate both price and terms. Terms matter as much as the number, because inspection windows, financing contingencies, and closing dates all affect whether an offer reaches the closing table.
How much does a real estate agent cost in The Terraces?
Commissions are fully negotiable. No law or real estate board sets them. What you pay is whatever you and your brokerage agree to in writing before work begins. Since the 2024 rule changes, buyers and their agents must agree compensation in a written buyer agreement before touring homes. Any seller contribution toward the buyer's side is negotiated rather than automatic. Ask any agent you interview to put their fee in writing.
What is the difference between a realtor, a real estate agent, and a broker?
A real estate agent holds a state license to represent buyers and sellers. A broker holds a higher-level license and can operate a brokerage. That broker also carries final legal responsibility for the office's transactions. Realtor is a membership term for agents belonging to the National Association of Realtors. For someone buying or selling in The Terraces, three practical questions matter. Is the person licensed, who do they represent in your transaction, and what can they actually tell you about your local market?
Do I need an agent to buy a home in The Terraces?
You are not legally required to use one, but most buyers in The Terraces do. A buyer's agent handles the parts that are easy to get wrong. That means identifying what comparable homes actually closed for, spotting condition or association issues early, and managing inspection and financing deadlines. Even in a slower market, negotiating room is only useful if you know where it exists.
Can one agent help me sell my current home and buy the next one?
Yes. For people moving within Miami-Dade County it is often the more practical route, because one person coordinates both timelines. Sequencing is the hard part. Should your purchase be contingent on your sale? How would you cover a gap if the closings do not line up? What happens if one side is delayed? Plan all of that before either home is listed, rather than after an offer arrives.
Public Records
Look up The Terraces property records
Anything on this page that affects what a home costs to own, assessed value, exemptions, flood zone, is published by a public agency. These are the official sources, not our summaries of them.
Miami-Dade County Property Appraiser
Assessed value, homestead exemption status, and recorded sales history for any parcel.
FEMA Flood Map Service Center
Look up the official flood zone for an address before you budget for insurance.
Florida Department of Revenue, property taxes
How Florida assesses property, and which exemptions you can claim.
More Communities in Miami
Aston Martin Residences
Waterfront Community
Paramount Miami Worldcent
Condominium
Icon Brickell
Waterfront Community
Icon Brickell
Waterfront Community
Golf Park
Waterfront Community
Opera Tower
Waterfront Community
Rise
Condominium
Icon Brickell No Two
Waterfront Community
The Club At Brickell Bay
Waterfront Community
1300 S Miami Avenue
Condominium
Montecarlo
Condominium
The Standard Residences
Waterfront Community
Nearby Communities in Miami-Dade County
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