South Miami Lakes
Homes for Sale in Miami, FL
All 4,658 homes for sale in Miami, FL · median $520,990 · 130 homes for sale in 33177 · Miami-Dade County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via MIAMI MLS
As of October 2026, South Miami Lakes in Miami, FL has 4 homes for sale and 1 pending, asking from $595,000 to $795,000 (median $610,000). Over the 12 months ending 2026-09-20, 6 recorded sales closed at a median of $577,500, $428 per square foot, a median 37 days on market, sellers accepting 99% of original asking (+7% versus the prior year). Homes listed or recently sold were built 1985–2023. At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $10,160 ($9,450 with the full homestead exemption).
Last 30 days in South Miami Lakes: 4 new listings (median asking $610,000), 1 under contract right now. As of October 20, 2026, Listing information provided by the Southeast Florida MLS (SEFMLS) / MIAMI Association of REALTORS(R). Information is deemed reliable but not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in South Miami Lakes
Live MLS inventory for South Miami Lakes. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending South Miami Lakes listings as of 2026-10-20, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Tap any home to ask about it.
South Miami Lakes right now
🟡 Still climbing. The trailing-12-month median ($578K) is up 6.9% from the prior 12 months ($540K) and up 655% since 2012. With about 7 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level MIAMI MLS closed sales, 12-month windows ending September 20. Confidence: Medium (6 and 6 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 20, 2026 · Live data: MIAMI MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
South Miami Lakes market snapshot (as of September 20, 2026): the median sale price is about $578K ($428 per sq ft over the trailing 12 months of closed sales), and a median 38 days on market for closed sales. The trailing-12-month median is up 7% from the prior 12 months and up 655% since 2012, computed from record-level MIAMI MLS closed sales (6 closings in the current window).
In ZIP 33177 (Miami), 294 homes closed in the last 12 months at a median of $572K ($369/sq ft), up 1.1% year over year, with a median 56 days on market. Right now 92 active and 29 pending listings put supply at about 5.3 months — a balanced market. See the live ZIP 33177 housing market and the Miami-Dade County market.
MIAMI REALTORS sales records identify 103 homes in SOUTH MIAMI LAKES that have changed hands since 2006, built between 1985 and 2026 (median 1986), with a median living area of about 1,349 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
The setting & the homes.
Aerial and on-site photos of South Miami Lakes. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
South Miami Lakes
South Miami Lakes
South Miami Lakes
South Miami Lakes
South Miami LakesPhotos from MIAMI MLS listings in South Miami Lakes; content deemed reliable but not guaranteed.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level MIAMI MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($578K) IS the median in the snapshot above, and the move from 2025 ($540K) IS the +6.9% one-year change.
Windows contain 0 to 13 sales each (6 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Deemed reliable but not guaranteed.
24% of homes for sale in ZIP 33177 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-20).
South Miami Lakes Market Scorecard
South Miami Lakes is currently a balanced market., a median asking price of $800,000, and homes go under contract in about 15 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: MIAMI MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
The South Miami Lakes buying strategy.
If we were buying in South Miami Lakes today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in South Miami Lakes.
A closer look at the South Miami Lakes market
At a median of $428 per square foot, South Miami Lakes prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.
The trailing-12-month median up 7% year over year. Homes that do trade take a median 38 days on market, useful leverage on any listing that has lingered.
The location and the amenities are priced into every listing in South Miami Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in South Miami Lakes buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (9.0). Basis: Long-Term Appreciation +655% since 2012; Recent Direction +6.9% year-over-year; Pricing Power 99.1% sale-to-list. Refreshed with each data update.
Tools for a South Miami Lakes buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed South Miami Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in South Miami Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your South Miami Lakes home worth?
Get a no-obligation home value based on real comparable sales in South Miami Lakes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in SOUTH MIAMI LAKES
Homes in SOUTH MIAMI LAKES that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 19721 SW 122nd Pl · off market
| Location | Miami, Miami-Dade County, FL · ZIP 33177 |
|---|---|
| Home types (current listings and sales) | singlefamilyresidence 100% |
| Sale prices, last 12 months | $577,500 median across 6 closed sales · $428 per sq ft · +6.9% vs the prior 12 months |
| Days on market (closed sales) | 37 median |
| For sale right now | 1 active, 2 pending · median asking $800,000 |
Data as of September 20, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Market figures describe homes, not residents. Cite as: Momentum Realty, “South Miami Lakes key facts,” movewithmomentum.com/neighborhoods/south-miami-lakes, data as of September 20, 2026.
Just listed in South Miami Lakes
The newest homes for sale in South Miami Lakes right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 12323 SW 198Th St $610,000 · 3 bd · 2 ba · 1,577 sq ft · 1 day on market Courtesy of Universal Realty Group, LLC.
- 12231 SW 195Th Ter $610,000 · 3 bd · 2 ba · 1,448 sq ft · 1 day on market Courtesy of Icaza Reyalty LLC
- 19447 SW 124Th Ct $795,000 · 4 bd · 4 ba · 1,997 sq ft · 15 days on market Courtesy of Related General Realty, LLC.
- 12343 SW 195Th Ter $595,000 · 3 bd · 2 ba · 1,627 sq ft · 24 days on market Courtesy of Great Miami Realty Group, LLC
Checked against the MLS Oct 20, 2026. All new listings in this market.
Every Home for Sale in South Miami Lakes Right Now (5)
All 5 active and pending South Miami Lakes listings with a detail page, newest first, refreshed twice a day from the MLS.
- 12231 SW 195th Ter · $610,000 · 3 bd / 2 ba · listed Oct 8, 2026 · listed by Icaza Reyalty LLC
- 12343 SW 195th Ter · $595,000 · 3 bd / 2 ba · listed Sep 30, 2026 · listed by Great Miami Realty Group, LLC
- 12323 SW 198th St · $610,000 · 3 bd / 2 ba · listed Sep 23, 2026 · listed by Universal Realty Group, LLC.
- 19447 SW 124th Ct · $795,000 · 4 bd / 4 ba · listed Sep 19, 2026 · listed by Related General Realty, LLC.
- 12422 SW 199th St · $550,000 · 3 bd / 2 ba · pending · listed Aug 27, 2026 · listed by Keller Williams Eagle Realty
More Miami home searches
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- Miami home values: what is my house worth?
- ZIP 33177 housing scorecard
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Miami guides & data
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
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Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- SW 195Th Terrace (10 homes on record)
- SW 122Nd Place (7 homes on record)
- SW 124Th Avenue (7 homes on record)
- SW 124 Avenue (6 homes on record)
- SW 123Rd Court (4 homes on record)
- SW 123Rd Avenue (4 homes on record)
- SW 198Th Street (4 homes on record)
- SW 198 Street (4 homes on record)
- SW 194 Street (4 homes on record)
- SW 122 Court (3 homes on record)
- SW 123Rd Place (3 homes on record)
- SW 194Th Street (3 homes on record)
What it really costs to own in South Miami Lakes
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $6,957/yr across 5 listings here (MLS tax records, 2026-10-20). |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Miami-Dade County is $1,891/yr (56,357 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 1986 across 5 listings. An original roof here would be about 40 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Email me new listings in South Miami Lakes
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about South Miami Lakes
Have a question about the homes, fees, rules or commute here? A Momentum agent who works South Miami Lakes will answer, and the answer is published on this page for the next buyer.
Recent Developments in South Miami Lakes
Development, infrastructure, retail, and school activity affecting South Miami Lakes, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- September 2026Infrastructure
Unsolicited bid to build a North Dade rail line is under county study
The county is reviewing an unsolicited proposal for a 10-mile rapid transit line along NW 27th Avenue from the NW 62nd Street Metrorail station to NW 215th Street, near the Broward line. State estimates for heavy rail on the corridor reached $4.2 billion in April, and the line is unfunded. FDOT is waiting for the county to accept or reject the proposal.
What it may mean for the marketIf advanced, the line would extend rail access along the NW 27th Avenue corridor, but funding and mode remain undecided. The site is about 9 miles east of South Miami Lakes.
Source: Miami Today - September 2026Market
Lenders file foreclosure suit over Metro Parc South in Hialeah
Scale Lending filed suit on September 22 alleging default on $31.1 million in construction loans for MG Developer's planned 10-story, 347-unit third phase of Metro Center near East 24th and 25th streets. The project had a $105 million financing package, and the developer says it is in good-faith talks with lenders.
What it may mean for the marketThe dispute puts the timing of 347 planned Hialeah apartments in question, which could affect near-term rental supply. The project is about 9 miles southeast of South Miami Lakes, elsewhere in Miami-Dade County.
Source: Hoodline - September 2026Infrastructure
County committee reviews $101 million contract for MIA North Terminal baggage screening machines
A county committee is reviewing a $101 million contract to replace 25 explosives detection machines in the North Terminal's baggage-handling system at Miami International Airport. The work would take about four and two-thirds years and be phased to limit disruption.
What it may mean for the marketBaggage system upgrades at the airport support passenger throughput and airport-related operations over several years. The site is about 11 miles southeast of South Miami Lakes.
Source: Miami Today - August 2026Market
Lakeview at NoMi opens pre-leasing with 342 units in North Miami
Integra Investments' seven-story project at 13855 NW 17th Avenue includes 342 units, 34 income-restricted and 308 workforce-priced, plus a 528-foot public linear park and about 3,160 square feet of ground-floor commercial space. The roughly $100 million build has a $65 million construction loan, with initial move-ins expected as soon as November.
What it may mean for the marketAdds 342 rental units and a public park to North Miami, expanding rental inventory at workforce price points. The project is about 10 miles east of South Miami Lakes, elsewhere in Miami-Dade County.
Source: Hoodline - July 2026Development
Serenity Gardens senior housing set to break ground in Miami Gardens
Serenity Grove Venture, LLC prepared to break ground July 31 on Serenity Gardens, an eight-story building with 153 units next to Miami Gardens' Senior Family Center. Financing includes up to $45 million in multifamily mortgage revenue bonds plus $3.75 million in documentary stamp surtax funds, with amenities such as a fitness center, library, walking trails, and a pool.
What it may mean for the marketAdds an eight-story senior housing building to Miami Gardens with recreation amenities, increasing the local supply of income-restricted apartments on a long-term leased site. The project is about 8 miles east of South Miami Lakes, elsewhere in Miami-Dade County.
Source: Hoodline - July 2026Development
Two-tower Gwen Cherry Residences slated for 170 NE 67th Street
Redwood Development Co. and Magasi, in partnership with Miami-Dade County, planned Gwen Cherry Residences, a 154-unit development across two towers of 11 and 10 stories at 170 NE 67th Street on a 1.6-acre site. The project includes 233 parking spaces and 7,700 square feet of ground-floor retail, replacing aging public housing from the 1970s that holds 24 units.
What it may mean for the marketReplaces older low-density public housing with two mid-rise towers, expanding the unit count on the site and adding ground-floor retail and structured parking. The project is about 13 miles southeast of South Miami Lakes, elsewhere in Miami-Dade County.
Source: Florida YIMBY
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
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Where is South Miami Lakes, and what county is it in?
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: October 20, 2026) |
| Community market stats | MIAMI MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (90 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of MIAMI MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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See how SOUTH MIAMI LAKES fits the bigger picture — live prices, inventory, and Momentum Scores:
More on South Miami Lakes
- Home values · What homes in South Miami Lakes actually sell for
- Find an agent · How to choose the best real estate agent in South Miami Lakes
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