Terrace East Condo Homes for Sale

Terrace East Condo is a residential community in Miami Beach, Florida. Active listings are currently priced from $399K–$399K.

Pure Equity Realty covers Terrace East Condo 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 a single listing for Terrace East Condo Miami Beach homes for sale as of October 2026. The median asking price is $399,000.

That is 39% below the Miami Beach median of $659,000. On a per-foot basis, homes here ask about $614 per square foot, compared with $700 across Miami Beach. So the median price buys roughly 650 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 48 days on the market. That is faster than the Miami Beach average of 174 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Terrace East Condo date from 1965, so they are about 61 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

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 Terrace East Condo have a median asking rent of $2,790 per month, across 2 active rental listings. For comparison, the Miami Beach median is $3,500, so rents here run 20% lower.

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

Here is what the median Terrace East Condo price means in Florida closing terms. At $399,000, a 20% down payment comes to about $80,000, leaving a loan near $319,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,117. Next, the intangible tax of 0.2% adds about $638. 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 $2,394 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 Terrace East Condo listings show assignments to Miami Beach Fienberg / Fisher K-8 (elementary) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.