Surprise Lake
Homes for Sale in Miami Beach, FL
All 1,701 homes for sale in Miami Beach, FL · median $550,000 · 532 homes for sale in 33140 · Miami-Dade County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
As of November 2026, Surprise Lake in Miami Beach, FL has 2 homes for sale. Over the 12 months ending 2026-11-10, 3 recorded sales closed at a median of $1,850,000, $997 per square foot, a median 174 days on market, sellers accepting 88% of original asking. At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $32,550 ($31,830 with the full homestead exemption).
Last 30 days in Surprise Lake: 1 new listing (median asking $2,295,000). As of November 11, 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.
Surprise Lake is trading at a median of $1,800,000, with price per square foot near $912 — a level that puts almost every transaction here into custom or high-finish territory. But the sample is thin: only 5 closings feed this snapshot, so a single unusual sale (a gutted teardown or a fully renovated waterfront rebuild) can swing the median hard in either direction. Treat the headline number as directional, not precise.
The year-over-year figure, down 26.1%, reads dramatic on its face, but with a closings window this small it likely reflects a shift in what sold — not a uniform repricing of every home in the community. Median days on market at 87 tells the more reliable story: this is a slower-moving, negotiation-heavy segment where sellers need patience and buyers have room to work terms, not a market where list price is gospel.
Figures in this note are as of July 22, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Surprise Lake right now
🟢 Buyer-leaning market. 8.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of MIAMI MLS records, as of November 10, 2026. Confidence: Low (2 active and pending listings, 3 closed sales in 12 months).
What's unique here: the median sale price is about 3x the typical Miami-Dade County sale ($1.85M vs $550K, trailing 12 months, MIAMI MLS records).
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· Updated November 12, 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
Surprise Lake market snapshot (as of November 10, 2026): the median sale price is about $1.85M ($997 per sq ft over the trailing 12 months of closed sales), a median 174 days on market for closed sales, and 8.0 months of supply, a buyer-leaning market.
In ZIP 33140 (Miami Beach), 57 homes closed in the last 12 months at a median of $515K ($583/sq ft), with a median 117 days on market. Right now 180 active and 7 pending listings. See the live ZIP 33140 housing market and the Miami-Dade County market.
MIAMI REALTORS sales records identify 56 homes in SURPRISE LAKE that have changed hands since 2007, built between 1924 and 2024 (median 1937), with a median living area of about 2,218 sq ft and a typical 4-bedroom, 3-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.
Surprise Lake sits at the higher end of Miami-Dade pricing, but the low closing count and long market times mean each sale here is closer to a bespoke negotiation than a comparable-driven transaction.
Who Surprise Lake is best for.
Best for
- Buyers with a flexible timeline who can wait out an 87-day-plus negotiation to land the right property.
- Buyers comfortable underwriting a home on its own merits rather than a deep set of recent comps.
- Sellers with a genuinely differentiated, updated property who can support pricing above the $912 per-square-foot median.
Probably not for
- Buyers who need a quick, low-friction close on a tight relocation schedule.
- Sellers expecting last cycle's pricing to hold without accounting for the year-over-year pullback.
- Buyers who want a shared amenity package as part of the purchase — none is identified here.
Homes For Sale Right Now in Surprise Lake
Live MLS inventory for Surprise Lake. 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 Surprise Lake listings as of 2026-11-11, 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 2026 through 2026. Tap any home to ask about it.
The Surprise Lake buying strategy.
If we were buying in Surprise Lake 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Surprise Lake.
A thin, high-dollar market
With just 5 closings in the current window, Surprise Lake does not generate the volume of a typical resale market. That has real consequences: comps age quickly, appraisers have less to work with, and a single high- or low-end sale can shift the median more than it would in a larger community. Anyone pricing a listing or making an offer here should lean on a current, hands-on comparison of the specific homes involved rather than the aggregate stats alone.
The median days on market of 87 is the number worth sitting with. At this price point, homes are not moving on first-week momentum — buyers are taking time to vet condition, and sellers who price against last cycle's expectations risk sitting well past that 87-day mark. No community amenities were identified from current MLS listings, so whatever draws buyers here is the lake, the lot, or the home itself, not a shared amenity package.
The location and the amenities are priced into every listing in Surprise Lake. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A market with 5 closings and an 87-day median hold time punishes generic pricing strategies. We pull the actual comparable sales behind the aggregate numbers, not just the median, so sellers price defensibly and buyers know what leverage they actually have before they write an offer.
Surprise Lake in 15 seconds.
Tools for a Surprise Lake 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 Surprise Lake sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Surprise Lake, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Surprise Lake home worth?
Get a no-obligation home value based on real comparable sales in Surprise Lake, 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 SURPRISE LAKE
Homes in SURPRISE LAKE 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. 3 on record.
- 4504 Sheridan Ave · off market
- 4531 Sheridan Ave · off market
- 4534 Sheridan Ave · off market
| Location | Miami Beach, Miami-Dade County, FL · ZIP 33140 |
|---|---|
| Sale prices, last 12 months | $1,850,000 median across 3 closed sales · $997 per sq ft |
| Days on market (closed sales) | 174 median |
| For sale right now | 2 active, 0 pending · median asking $2,145,000 · 8.0 months of supply |
Data as of November 10, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2026 through 2026. Market figures describe homes, not residents. Cite as: Momentum Realty, “Surprise Lake key facts,” movewithmomentum.com/neighborhoods/surprise-lake, data as of November 10, 2026.
Just listed in Surprise Lake
The newest homes for sale in Surprise Lake right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 4500 Sheridan Ave $2,295,000 · 3 bd · 2 ba · 1,554 sq ft · listed Nov 10, 2026 Courtesy of The Corcoran Group
- 524 W 47Th St $1,995,000 · 4 bd · 3 ba · 2,071 sq ft · listed Sep 14, 2026 Courtesy of Compass Florida, LLC
Checked against the MLS nightly. All new listings in this market.
Every Home for Sale in Surprise Lake Right Now (2)
All 2 active and pending Surprise Lake listings with a detail page, newest first, refreshed twice a day from the MLS.
- 4500 Sheridan Ave · $2,295,000 · 3 bd / 2 ba · listed Oct 23, 2026 · listed by The Corcoran Group
- 524 W 47th St · $1,995,000 · 4 bd / 3 ba · listed Sep 11, 2026 · listed by Compass Florida, LLC
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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.
- Sheridan Avenue (10 homes on record)
- Royal Palm Avenue (9 homes on record)
- Post Avenue (8 homes on record)
- Prairie Avenue (4 homes on record)
- Sheridan Avenue (2 homes on record)
- Post Avenue (2 homes on record)
- Sheridan Avenue (1 homes on record)
- Royal Palm Avenue (1 homes on record)
Email me new listings in Surprise Lake
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 Surprise Lake
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Surprise Lake will answer, and the answer is published on this page for the next buyer.
8% of homes for sale in ZIP 33140 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 (2026-11-12).
Frequently Asked Questions
What is the median home price in Surprise Lake?
How long do homes in Surprise Lake take to sell?
Is Surprise Lake a buyer's or seller's market right now?
Who is the best real estate agent for Surprise Lake?
How do I find a top Miami Beach real estate agent who knows Surprise Lake?
Can Momentum Realty connect me with an agent for Surprise Lake?
Where is Surprise Lake, and what county is it in?
Should you buy in Surprise Lake?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: November 11, 2026) |
| Community market stats | MIAMI MLS closed sales, 12-month windows ending November 10, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-11-10 |
| Historical depth | Closed-sale records back to 2026 (3 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 SURPRISE LAKE fits the bigger picture — live prices, inventory, and Momentum Scores: