Terra Lake Villas Homes for Sale

Terra Lake Villas Condo is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $399,900 to $455,000. Homes were built between 1987 and 1988. Pure Equity lists homes in Terra Lake Villas 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 Terra Lake Villas 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 2 Terra Lake Villas Miami homes for sale as of September 2026. The median asking price is $393,000. Asking prices run from $385,000 to $400,000.

That is 39% below the Miami median of $645,000. On a per-foot basis, homes here ask about $357 per square foot, compared with $509 across Miami. So the median price buys roughly 1,100 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 11 days on the market. That is faster than the Miami average of 144 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Terra Lake Villas date from 1987 to 1988. That puts them between 38 and 39 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 Terra Lake Villas have a median asking rent of $2,600 per month, across 1 active rental listing. For comparison, the Miami median is $3,000, so rents here run 13% lower.

You can browse current Miami rentals or ask us for a rent estimate on a specific Terra Lake Villas home.

Here is what the median Terra Lake Villas price means in Florida closing terms. At $393,000, a 20% down payment comes to about $79,000, leaving a loan near $314,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,099. Next, the intangible tax of 0.2% adds about $628. 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 $2,355 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 Terra Lake Villas listings show assignments to Royal Green (elementary), Howard D. McMillan (middle) and Miami Sunset (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.