Terra Mar Island Estates Homes for Sale

Terra Mar Island Estates is a residential community in Lauderdale-by-the-Sea, Florida.

Pure Equity Realty covers Terra Mar Island Estates and the Lauderdale-by-the-Sea area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 2 Terra Mar Island Estates Lauderdale-by-the-Sea homes for sale as of September 2026. The median asking price is $4.04M. Asking prices run from $1.57M to $6.5M.

That is 559% above the Lauderdale-by-the-Sea median of $613,000. On a per-foot basis, homes here ask about $1,083 per square foot, compared with $483 across Lauderdale-by-the-Sea. So the median price buys roughly 3,750 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 97 days on the market. That is faster than the Lauderdale-by-the-Sea average of 144 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Terra Mar Island Estates date from 1952 to 2025. That puts them between 1 and 74 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Rentals in Terra Mar Island Estates have a median asking rent of $10,985 per month, across 2 active rental listings. For comparison, the Lauderdale-by-the-Sea median is $3,500, so rents here run 214% higher.

You can browse current Lauderdale-by-the-Sea rentals or ask us for a rent estimate on a specific Terra Mar Island Estates home.

Here is what the median Terra Mar Island Estates price means in Florida closing terms. At $4.04M, a 20% down payment comes to about $807,000, leaving a loan near $3.23M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $11,304. Next, the intangible tax of 0.2% adds about $6,459. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Terra Mar Island Estates median, that is about $28,259.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Terra Mar Island Estates listings show assignments to McNab (elementary), Pompano Beach (middle) and Blanche Ely (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.