Terra Lake Villas
Condos for Sale in Miami, FL

Terra Lake Villas Condo market snapshot (as of November 10, 2026): the median sale price is about $375K ($299 per sq ft over the trailing 12 months of closed sales), a median 27 days on market for closed sales, and 8.0 months of supply, a buyer-leaning market.

In ZIP 33183 (Miami), 28 homes closed in the last 12 months at a median of $263K ($299/sq ft), with a median 63 days on market. Right now 16 active listings put supply at about 6.9 months — a buyer's market. See the live ZIP 33183 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 16 homes in TERRA LAKE VILLAS Condo that have changed hands since 2008, built between 1987 and 1988 (median 1987), with a median living area of about 1,100 sq ft and a typical 2-bedroom, 2.5-bath layout; 81% are townhomes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

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.

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.

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.