TERRA LAKE VILLAS CONDO
Homes for Sale in Miami, FL
True comps, carrying-cost math, and listings before the portals.
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Terra Lake Villas is trading on a thin slice of data right now — just three closings feed the current snapshot, so treat the numbers as a directional read rather than a settled market. The median price sits at $234,000 with a per-square-foot figure near $329, and that combination tells you unit size and condition are doing most of the pricing work here rather than any broad market trend.
The headline number to sit with is the year-over-year change, down 38.4%, paired with a median days-on-market of 163. That is a slow-moving, price-sensitive market at the moment. For a seller, it argues for pricing to the most recent comparable rather than last year's number. For a buyer, it means there is room to negotiate and no urgency to chase a listing on day one.
TERRA LAKE VILLAS CONDO right now
🔴 Off the recent peak. The trailing-12-month median ($234K) is down 38.4% from the prior 12 months ($380K). With about 4 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 closed sales, 12-month windows ending July 20. Confidence: Low (3 and 7 sales in the two windows).
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Updated July 20, 2026 · Live data: miami, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
TERRA LAKE VILLAS CONDO market snapshot (as of July 20, 2026): the median sale price is about $234K ($329 per sq ft over the trailing 12 months of closed sales), and a median 163 days on market for closed sales. The trailing-12-month median is down 38% from the prior 12 months, computed from record-level miami closed sales (3 closings in the current window).
Terra Lake Villas Condo is a small Miami-Dade condominium community where recent activity has been limited to a handful of transactions, making each closing a significant data point rather than one of many.
Who TERRA LAKE VILLAS CONDO is best for.
Best for
- A buyer focused on unit price and per-square-foot value who is comfortable doing extra diligence given the limited closing history
- A buyer with flexible timing who can use extended days-on-market as negotiating leverage
- An investor or owner-occupant evaluating this specific condo on its own condition rather than a broader neighborhood trend
Probably not for
- A buyer who wants confirmed on-site amenities as part of the decision, since none are currently identified from MLS listings
- A seller expecting a quick sale, given a median days-on-market of 163
- Anyone relying on last year's pricing as a benchmark, given the 38.4% year-over-year decline
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 20 of each year, from record-level miami closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($234K) IS the median in the snapshot above, and the move from 2025 ($380K) IS the -38.4% one-year change.
Windows contain 0 to 7 sales each (3 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 2018 through 2026. Deemed reliable but not guaranteed.
0% of homes for sale in ZIP 33183 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 (2026-07-18).
TERRA LAKE VILLAS CONDO Market Scorecard
TERRA LAKE VILLAS CONDO is currently a balanced market..
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: miami, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in TERRA LAKE VILLAS CONDO
Live MLS inventory for TERRA LAKE VILLAS CONDO. 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 TERRA LAKE VILLAS CONDO listings as of 2026-08-21, 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 2018 through 2026. Tap any home to ask about it.
The TERRA LAKE VILLAS CONDO buying strategy.
If we were buying in TERRA LAKE VILLAS CONDO 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 TERRA LAKE VILLAS CONDO.
A market defined by low volume
With only three closings in the current window, Terra Lake Villas does not generate the transaction volume that produces a tight, reliable pricing pattern. The median price of $234,000 and per-square-foot figure of roughly $329 should be read as a snapshot of what has sold recently, not a fixed benchmark for every unit in the community. Condition and unit-specific factors will move the needle more than broad market direction.
The 163-day median days-on-market points to a buyer's market posture — homes here are sitting for months, not weeks, before finding a contract. Combined with a year-over-year price decline of 38.4%, this is a community where sellers need a sharp, current price and buyers have latitude to negotiate on terms and timeline. No community amenities are identified from current MLS listings, so any amenity value would need to be confirmed unit by unit or through the association directly.
The location and the amenities are priced into every listing in TERRA LAKE VILLAS CONDO. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a low-volume market like this one, pricing a listing or evaluating an offer correctly requires pulling every comparable available rather than relying on a thin median. Momentum tracks these closings as they happen and can walk a buyer or seller through what the three most recent sales actually looked like — condition, terms, and timeline — so the decision is grounded in specifics, not a headline number.
TERRA LAKE VILLAS CONDO in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA. Confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a TERRA LAKE VILLAS CONDO 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 TERRA LAKE VILLAS CONDO sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in TERRA LAKE VILLAS CONDO, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your TERRA LAKE VILLAS CONDO home worth?
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Frequently Asked Questions
What is the median home price in TERRA LAKE VILLAS CONDO?
How long do homes in TERRA LAKE VILLAS CONDO take to sell?
Do cash buyers compete in TERRA LAKE VILLAS CONDO?
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Should you buy in TERRA LAKE VILLAS CONDO?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | miami closed sales, 12-month windows ending July 20, 2026 |
| Under-contract shares | miami records, as of 2026-07-18 |
| Historical depth | Closed-sale records back to 2018 (35 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 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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