Nancy Terrace Homes for Sale

Nancy Terrace is a luxury waterfront, luxury community in Miami, Miami-Dade County, Florida. Properties are priced from $4,300,000 to $7,700,000. Pure Equity lists homes in Nancy Terrace 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 Nancy Terrace and the Miami 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 Nancy Terrace Miami homes for sale as of September 2026. The median asking price is $7.7M. Asking prices run from $3.99M to $20M.

That is 1104% above the Miami median of $639,000. On a per-foot basis, homes here ask about $1,411 per square foot, compared with $497 across Miami. So the median price buys roughly 5,450 square feet of living area.

Listings here have averaged 118 days on the market. That tracks the Miami average of 139 days, so pricing and terms follow the wider city market.

Homes listed in Nancy Terrace date from 2021, so they are about 5 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Nancy Terrace includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Nancy Terrace has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

At a median near $7.7M, Nancy Terrace sits in the luxury tier of Miami. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Nancy Terrace have a median asking rent of $21,250 per month, across 2 active rental listings. For comparison, the Miami median is $2,950, so rents here run 620% higher.

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

Here is what the median Nancy Terrace price means in Florida closing terms. At $7.7M, a 20% down payment comes to about $1.54M, leaving a loan near $6.16M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $21,546. Next, the intangible tax of 0.2% adds about $12,312. 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 $46,170 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 Nancy Terrace listings show assignments to Phillis Wheatley (elementary), Jose De Diego (middle) and Booker T. Washington (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.