5731 SW 62nd Ter, Miami FL 33143, MIAMI, FL, 33143
Active142 days on marketListed Mar 26, 2026MLS #A11987463
About this home
5731 SW 62nd Ter, Miami FL 33143
Live in one, rent the Rest! Imagine Living in South Miami without the South Miami Taxes? This Home in Unincorporated Miami-Dade has 6 bedroom/ 6 Full Bathrooms and is just a stone's throw away from the University of Miami. Home is divided into a main 3/3 home, 2 efficiencies 1/1 and one cottage in the back. The whole property underwent a FULL Renovation in 2022. New Roof, Floors, AC, Plumbing, Electrical, Impact windows, new crawl space, new appliances for kitchens, and new foundation for the home. Septic tank was changed out in 2019. Home is divided into 4 units to accommodate rental from the University Students. This home Cash Flows about $11,000 monthly. Come enjoy the best this high demand area has to offer. (nestled in-between the Gables and South Miami)
Facts & features
The home at a glance
6
Bedrooms
6
Bathrooms
1,938
Sqft
1949
Year built
$774
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$9,712 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$9,712/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Miami actives
$774 vs $511
Days on market
142 vs 66 typical
Where $774/sqft sits among the 400 Miami actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Miami
Get to know Miami. See the full Miami guide →
MIAMI 33143 — neighborhood snapshot
Population
32,167
Median age
41.6
Median income
$80,924
Median home value
$768,900
Avg household
2.31
Households w/ children
3,219
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
36 of 400
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 745% above the MIAMI 33143 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 5731 SW 62nd Ter
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$1,850,000
6495 SW 83rd St, Miami FL 33143
5 bd · 4 ba · 2,510 sqft · $737/sqft · 74 DOM
Sold · Nov ’25$1,675,000
1522 Zuleta Ave, Coral Gables FL 33146
5 bd · 3 ba · 2,599 sqft · $644/sqft · 11 DOM
Sold · Jun ’26$2,650,000
Nearby listing
5 bd · 3.5 ba · 2,634 sqft · $1,006/sqft
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Tommy Trainer
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5731 SW 62nd Ter — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5731 SW 62nd Ter — before you fall in love.
See it in person
Schedule a tour
Live availability from Tommy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5731 SW 62nd Ter FAQs
What would the monthly payment be for 5731 SW 62nd Ter, Miami FL 33143?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $9,712/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 5731 SW 62nd Ter, Miami FL 33143?+
The most recent tax bill on record (2025) was $10,744. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Miami?+
At $1,499,999, this home is listed about 146% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5731 SW 62nd Ter, Miami FL 33143?+
South Miami K-8 Center (elementary), South Miami Middle School (middle), South Miami Senior High School (high), Instructional Center System Wide (), District Instructional Center (Dic) (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$1,499,999 runs 745% above the MIAMI 33143 median — but at 1,938 sqft it's also 61% larger than the typical Miami listing.
02Other views
The other view is part of what you're buying — views hold value independently of the structure.
03Time on market is leverage
142 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $1,600,000, now $1,499,999 — a $100K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of EXP Realty LLC · Jose Vilar. MLS #A11987463.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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