198 Terrace Plat Homes for Sale

198 Terrace Plat is a residential community in Southwest Ranches, Florida. Active listings are currently priced from $3.3M–$3.3M.

Pure Equity Realty covers 198 Terrace Plat and the Southwest Ranches 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 2 198 Terrace Plat Southwest Ranches homes for sale as of October 2026. The median asking price is $3.25M.

That is 8% above the Southwest Ranches median of $3.0M. On a per-foot basis, homes here ask about $1,048 per square foot, compared with $835 across Southwest Ranches. So the median price buys roughly 3,100 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 83 days on the market. That is faster than the Southwest Ranches average of 182 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in 198 Terrace Plat date from 1998, so they are about 28 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.

Here is what the median 198 Terrace Plat price means in Florida closing terms. At $3.25M, a 20% down payment comes to about $650,000, leaving a loan near $2.6M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $9,100. Next, the intangible tax of 0.2% adds about $5,200. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the 198 Terrace Plat median, that is about $22,750.

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 198 Terrace Plat listings show assignments to Manatee Bay (Broward) (elementary), Silver Trail (middle) and West Broward (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.