Flamingo Terrace Sub Homes for Sale

Flamingo Terrace Sub is a luxury community in Miami Beach, Miami-Dade County, Florida. Properties are priced from $6,000,000 to $17,000,000. Pure Equity lists homes in Flamingo Terrace Sub and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Flamingo Terrace Sub and the Miami Beach 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 3 Flamingo Terrace Sub Miami Beach homes for sale as of September 2026. The median asking price is $6.8M. Asking prices run from $5.95M to $17M.

That is 946% above the Miami Beach median of $650,000. On a per-foot basis, homes here ask about $1,776 per square foot, compared with $689 across Miami Beach. So the median price buys roughly 3,850 square feet of living area.

Listings here have averaged 218 days on the market. That is slower than the Miami Beach average of 168 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Flamingo Terrace Sub date from 1934 to 2021. That puts them between 5 and 92 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.

At a median near $6.8M, Flamingo Terrace Sub sits in the luxury tier of Miami Beach. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Flamingo Terrace Sub have a median asking rent of $39,000 per month, across 2 active rental listings. For comparison, the Miami Beach median is $3,200, so rents here run 1119% higher.

You can browse current Miami Beach rentals or ask us for a rent estimate on a specific Flamingo Terrace Sub home.

Here is what the median Flamingo Terrace Sub price means in Florida closing terms. At $6.8M, a 20% down payment comes to about $1.36M, leaving a loan near $5.44M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $19,037. Next, the intangible tax of 0.2% adds about $10,878. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $40,794 at this price. Condos and other property types pay a higher rate.

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 Flamingo Terrace Sub listings show assignments to North Beach (elementary), Miami Beach Nautilus (middle) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.