Terra Lake Villas Condo
Homes for Sale in Miami, FL
True comps, carrying-cost math, and listings before the portals.
Photo via MIAMI MLS
As of September 2026, Terra Lake Villas Condo in Miami, FL has 2 homes for sale. Homes listed or recently sold were built 1988–1988; 3 of 3 report an HOA (median $292/mo).
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.
The 60-Second Overview
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.
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.
The setting & the homes.
Aerial and on-site photos of Terra Lake Villas Condo. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Terra Lake Villas Condo
Terra Lake Villas Condo
Terra Lake Villas CondoPhotos from MIAMI MLS listings in Terra Lake Villas Condo; content deemed reliable but not guaranteed.
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
The market around Terra Lake Villas Condo
Terra Lake Villas Condo is too small for its own price trend, so here is the market around it.
In ZIP 33183, 136 homes are on the market and 42% are under contract — a fast-moving corner of Miami.
Across Miami-Dade County, 15,109 homes are active and 3,290 pending (18% under contract).
ZIP and county figures describe the wider market, not Terra Lake Villas Condo specifically. Momentum Research analysis of MLS records.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Miami-Dade County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Miami-Dade County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
TERRA LAKE VILLAS CONDO Market Scorecard
TERRA LAKE VILLAS CONDO is currently a thin data market. Limited supply, a median asking price of $360,000, and homes go under contract in about 6 days.
Typical home value in the 33183 ZIP is $399,569, about 18.2% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. 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 2026-09-12, 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
- HOA status not on record. Verify any dues before you offer
- 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?
Get a no-obligation home value based on real comparable sales in Terra Lake Villas Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Terra Lake Villas Condo on the map →
Should you buy in Terra Lake Villas Condo?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Terra Lake Villas Condo with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: September 12, 2026) |
| Under-contract shares | MIAMI MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2018 (36 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.
Own a home here?
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the MIAMI MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how TERRA LAKE VILLAS CONDO fits the bigger picture — live prices, inventory, and Momentum Scores: