Terra Lake Villas Condo
Homes for Sale in Miami, FL

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.

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.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Terra Lake Villas Condo is too small for its own price trend, so here is the market around it.

In ZIP 33183, 129 homes are on the market and 39% are under contract — a fast-moving corner of Miami.

Across Miami-Dade County, 15,314 homes are active and 3,367 pending (18% under contract).

In ZIP 33183 (Miami), 173 homes closed in the last 12 months at a median of $335K ($290/sq ft), down 3.4% year over year, with a median 48 days on market. Right now 47 active and 23 pending listings — a balanced market. See the live ZIP 33183 housing market and the Miami-Dade County market.

ZIP and county figures describe the wider market, not Terra Lake Villas Condo specifically. Momentum Research analysis of MLS records.

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.

Listings in this community report association dues of about $292 per month ($3,504 a year) — the median AssociationFee across 9 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.