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Live Market Pulse
18/100
Market Heat
Cooler than normal
2019 → 2026 · 86 at the 2023 peak
0 is The Terraces Condo's coldest market since 2019, 100 its hottest. Today: 18. How it's scored

Photo via MIAMI MLS

Built fromLive MIAMI MLS data9 years of closingsUpdated twice daily

As of October 2026, the Terraces Condo Ph Ii in Miami, FL has 3 homes for sale. Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $244,900, $258 per square foot, a median 215 days on market, sellers accepting 90% of original asking (+0% versus the prior year). Homes listed or recently sold were built 1971–1971; 3 of 3 report an HOA (median $462/mo). At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $4,310 ($3,590 with the full homestead exemption).

THE TERRACES CONDO PH II key facts
LocationMiami, Miami-Dade County, FL · ZIP 33176
Sale prices, last 12 months$244,900 median across 3 closed sales · $258 per sq ft · +0.2% vs the prior 12 months
Days on market (closed sales)215 median
For sale right now3 active, 0 pending · median asking $239,000

Data as of September 20, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2017 through 2026. Market figures describe homes, not residents. Cite as: Momentum Realty, “THE TERRACES CONDO PH II key facts,” movewithmomentum.com/neighborhoods/the-terraces-condo-ph-ii, data as of September 20, 2026.

Last 30 days in The Terraces: 1 new listing (median asking $190,000). As of September 23, 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.

Live · The Terraces Condo Housing Pulse MIAMI MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$245K ▲
Median sold · 12 mo
up 0.2% vs the prior 12 months
+0.2% ▲
1-yr price change
n = 3 and 6 sales in the two windows
$258/sf
Sold $/sqft · 12 mo
peak $300 in 2025
89.5%
Sale vs ask
Tempo
215days
Median DOM · closed
7 days at the 2023 low
0%
Under contract
Miami-Dade: 18% (3,367 of 18,681)
3 · 0
For sale · pending
live counts, refreshed twice daily
3
Sold · last 12 mo
10-yr average: about 6 a year
Track record · 9 years of records
930sqft
Median sold home size
12-mo windows, closed sales

Homes For Sale Right Now in The Terraces Condo

Live MLS inventory for The Terraces 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 The Terraces Condo listings as of 2026-09-23, 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 2017 through 2026. Tap any home to ask about it.

Every Home for Sale in The Terraces Condo Ph Ii Right Now (3)

All 3 active and pending The Terraces Condo Ph Ii listings with a detail page, newest first, refreshed twice a day from the MLS.

Jon Brooks, founder of Momentum Realty
Jon's Current Read

The Terraces Condo Ph II shows a very thin trading record right now, with just two closings in the recent window we track. That kind of volume means any single sale can swing the read on value more than it would in a deeper market, so pricing here has to be built listing by listing rather than off a clean trend line.

For a buyer or seller, that translates to more legwork and less certainty from the numbers alone. A seller should expect the comparable set to be small and should lean on unit condition and recent activity rather than assuming a pattern. A buyer has room to negotiate on specifics, but should not expect much market data to lean on for reassurance.

The Terraces Condo Housing Pulse · Momentum Research · as of September 20, 2026

The Terraces Condo right now

🟡 Still climbing. The trailing-12-month median ($245K) is up 0.2% from the prior 12 months ($244K). With about 6 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 MLS closed sales, 12-month windows ending September 20. Confidence: Low (3 and 6 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

· Updated October 2, 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

The Terraces Condo market snapshot (as of September 20, 2026): the median sale price is about $245K ($258 per sq ft over the trailing 12 months of closed sales), and a median 215 days on market for closed sales. The trailing-12-month median is up 0% from the prior 12 months, computed from record-level MIAMI MLS closed sales (3 closings in the current window).

In ZIP 33176 (Miami), 405 homes closed in the last 12 months at a median of $540K ($384/sq ft), up 3.0% year over year, with a median 44 days on market. Right now 102 active and 42 pending listings — a balanced market. See the live ZIP 33176 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 16 homes in THE TERRACES Condo that have changed hands since 2006, built between 1971 and 1971 (median 1971), with a median living area of about 930 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

THE TERRACES CONDO PH II is a Miami-Dade condominium community with limited recent MLS closing activity, which means current pricing has to be assessed unit by unit rather than through broad trend data.

Best for

  • A buyer targeting a specific unit in this building rather than shopping the broader condo market.
  • Someone comfortable doing independent diligence on association details and building condition given the limited MLS record.
  • A seller prepared to price based on unit-specific condition rather than a market trend.

Probably not for

  • A buyer who wants to rely on recent comparable sales before making a decision.
  • Someone who needs a documented amenity list before considering a building.
  • A seller expecting a fast, trend-driven sale process based on high recent turnover.

Windows contain 0 to 13 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 2017 through 2026. Deemed reliable but not guaranteed.

Median sale price · trailing 12 mo
$150K$200K$250K20182020202220242026
Up 0.2% year over year.
Every sale since 2017 · price vs size
$0$100K$200K$300K1k1k1k
59 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$150$200$250$30020182020202220242026
Up from $150 in 2017 to a $300 peak in 2025; $258 now.
Median days on market · closed sales
010020020182020202220242026
7 days at the 2023 low; 215 now.
Sale price vs original ask · median
90%92%95%98%20182020202220242026
89.5% now.
Homes sold per 12-mo window
051020182020202220242026
0 to 13 a year; 3 in the current window.
Market Heat · 0 coldest, 100 hottest in the record
20406080seller-leaningbuyer-leaning2020202220242026
86 at the 2023 peak, 17 in the troughs, 18 now. Same score as the hero card, full history.

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.

$3,210/mo
Miami-Dade County typical true cost to own
$158/mo
Miami-Dade County typical home insurance
Check CDD
Confirm before you offer

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.

How much local inventory is already under contract

34% of homes for sale in ZIP 33176 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 (2026-09-30).

The Terraces Condo Market Scorecard

Balanced

The Terraces Condo is currently a balanced market., a median asking price of $239,000, and homes go under contract in about 31 days.

$239,000
Median list
$244,900
Median sold
$262
List $/sqft
31
Days on mkt
3/0/0
Active/Pend/Sold

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: MIAMI MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.

If we were buying in The Terraces Condo today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 The Terraces Condo.

Best Buy
A buyer or seller comfortable making decisions with a thin comparable set.
Biggest Risk
Very few closings make it hard to confirm current value with confidence.
Sweet Spot
Best suited to someone who has already toured the building and wants a specific unit, not someone shopping by market trend.
Avoid If
Avoid if you need recent comparable sales to feel confident in a price.

A market with little to measure

With only two closings in the tracked window, this is not a community where you can point to a trend and call it a market. Whatever pricing pattern exists is being set by a small number of transactions, and that means each closing carries outsized weight in any read of value here.

The current MLS data also does not identify community amenities for this building. That does not mean none exist, only that the listing record itself is not the place to confirm them. Anyone evaluating a unit here should verify building features, association details, and any amenity space directly rather than relying on what shows up in the listing feed.

“

The location and the amenities are priced into every listing in The Terraces Condo. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a building with this little recent transaction history, the value of a broker is verifying what the MLS record cannot tell you: building condition, association standing, and how a specific unit compares to whatever limited activity has occurred. We do that legwork before you make an offer, not after.

The Terraces Condo in 15 seconds.

Best forA buyer or seller comfortable making decisions with a thin comparable set.
Biggest advantageLow competing transaction volume can mean more room to negotiate terms.
Biggest riskVery few closings make it hard to confirm current value with confidence.
Sweet spotBest suited to someone who has already toured the building and wants a specific unit, not someone shopping by market trend.
Avoid ifAvoid if you need recent comparable sales to feel confident in a price.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the The Terraces Condos for Sale in Miami, FL homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in The Terraces Condos for Sale in Miami, FL.
In short
  • HOA dues reported around $462/month (about $5,544/yr) · median of 7 MLS listings, most billed monthly
  • Any club/amenity membership is billed separately

Listings in this community report association dues of about $462 per month ($5,544 a year) — the median AssociationFee across 7 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed The Terraces Condo sales matched to your home.

What is your The Terraces Condo home worth?

Get a no-obligation home value based on real comparable sales in The Terraces 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.

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Real comps, not an automated estimate.

Recently off market in THE TERRACES CONDO PH II

Homes in THE TERRACES CONDO PH II 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. 1 on record.

Frequently Asked Questions

What is the median home price in The Terraces Condo?
The median sale price in The Terraces Condo was $245K over the 12 months ending September 20, 2026 (3 closed sales, MIAMI MLS).
How long do homes in The Terraces Condo take to sell?
Homes that closed in the 12 months ending September 20, 2026 took a median 215 days on market (3 sales, MIAMI MLS).
Who is the best real estate agent for The Terraces Condo?
The best agent for The Terraces Condo is one who actively works Miami and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for The Terraces Condo.
How do I find a top Miami real estate agent who knows The Terraces Condo?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows The Terraces Condo and the wider Miami area.
Can Momentum Realty connect me with an agent for The Terraces Condo?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your The Terraces Condo purchase or sale - no call center and no pressure.
Where is The Terraces, and what county is it in?
The Terraces is in Miami, Miami-Dade County, FL, ZIP 33176.
A buyer targeting a specific unit in this building rather than shopping the broader condo market.Excellent fit
Someone comfortable doing independent diligence on association details and building condition given the limited MLS record.Excellent fit
A seller prepared to price based on unit-specific condition rather than a market trend.Excellent fit
A buyer who wants to rely on recent comparable sales before making a decision.Probably not
Someone who needs a documented amenity list before considering a building.Probably not
A seller expecting a fast, trend-driven sale process based on high recent turnover.Probably not

Data sources & freshness

Live listingsMIAMI MLS, refreshed twice daily (last: September 23, 2026)
Community market statsMIAMI MLS closed sales, 12-month windows ending September 20, 2026
Under-contract sharesMIAMI MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 2017 (59 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?

You just read the data. Now see what your home is worth.

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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CallFree valuation →
Thinking of selling in THE TERRACES CONDO PH II? 3 recorded closings; median 215 days on market (window ending 2026-09-20). See the Miami-Dade County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.

Nearby Communities

Explore more neighborhoods near The Terraces with Momentum Realty’s local guides.

Palm Cove Condo (Miami Dade)0.0 mi away · 1 for salePalm Cove Cond0.0 mi away · 2 for saleThe Prado Condo0.1 mi away · median $245K, 3 sales/12 moThe Berkeley Condo0.2 mi away · median $215K, 3 sales/12 moKendallwood Villas Condo0.2 mi away · median $198K, 4 sales/12 moGOGardens Of Kerndall0.2 mi awayThe Gardens Of Kendall Co0.2 mi away · 3 for saleGarden Of Kendall Condo N0.3 mi away · 3 for sale

Browse all neighborhood guides →

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