7240 SW 162nd Ct, Miami FL 33193, MIAMI, FL, 33193
Active37 days on marketListed Jul 9, 2026MLS #A12050532
About this home
7240 SW 162nd Ct, Miami FL 33193
Beautifully updated corner home in the prestigious Lago Mar community, where almost everything has been redone. The property features engineered hardwood flooring upstairs porcelain tile downstairs, along with an updated kitchen equipped with stainless-steel appliances, & quartz countertops. All bathrooms have been tastefully remodeled. Additional improvements include a new A/C system installed in 2024, LED lighting, upgraded baseboards and crown moldings, replacement of most interior doors, a renovated patio, accordion hurricane shutters, and impact-resistant French doors. Located in an excellent area within a top-rated, sought-after school district (including highly sought after Ferguson High School (a public magnet school). This home offers convenience, comfort, and exceptional value. The low monthly HOA fee of only $150 includes access to the community pool, front-yard landscaping, exterior painting, and fence maintenance and replacement
Facts & features
The home at a glance
3
Bedrooms
2.5
Bathrooms
1,667
Sqft
1
Garage
1997
Year built
$345
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 and the real association fee — not generic estimates.
$4,004 /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
$4,004/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.
vs edgeAI estimate
+10.5%
$/sqft vs Miami actives
$345 vs $511
Days on market
37 vs 66 typical
Where $345/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 33193 — neighborhood snapshot
Population
46,519
Median age
44.2
Median income
$74,646
Median home value
$422,600
Avg household
2.93
Households w/ children
5,073
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 143% above the MIAMI 33193 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 7240 SW 162nd Ct
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$550,000
16236 SW 75th St, Miami FL 33193 · same community
3 bd · 2.5 ba · 1,667 sqft · $330/sqft · 131 DOM
Sold · Nov ’25$470,000
7307 SW 162nd Pl, Miami FL 33193 · same community
3 bd · 2.5 ba · 1,667 sqft · $282/sqft · 113 DOM
Sold · Jun ’26$475,000
Nearby listing · same community
3 bd · 2.5 ba · 1,644 sqft · $289/sqft · 123 DOM
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
Zack Zonker
President Tampa Division · CENTURY 21 Edge
Tours, negotiation, and every question about 7240 SW 162nd Ct — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7240 SW 162nd Ct — before you fall in love.
See it in person
Schedule a tour
Live availability from Zack's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
7240 SW 162nd Ct FAQs
What would the monthly payment be for 7240 SW 162nd Ct, Miami FL 33193?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,004/mo — principal and interest, the actual property-tax bill, the $150/mo association fee 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.
How much are the HOA fees at 7240 SW 162nd Ct, Miami FL 33193?+
The association fee works out to $150 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 7240 SW 162nd Ct, Miami FL 33193?+
The most recent tax bill on record (2025) was $4,506. 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 $575,000, this home is listed about 6% below the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 7240 SW 162nd Ct, Miami FL 33193?+
John A. Ferguson Senior High (high), Dr. Manuel C. Barreiro Elementary School (elementary), Lamar Louise Curry Middle School (middle), Instructional Center System Wide (), Title I Migrant Education Program (), District Instructional Center (Dic) () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$575,000 runs 143% above the MIAMI 33193 median — but at 1,667 sqft it's also 38% larger than the typical Miami listing.
02Other View views
The other view view is part of what you're buying — views hold value independently of the structure.
03Strong assigned schools
John A. Ferguson Senior High, Dr. Manuel C. Barreiro Elementary School, Lamar Louise Curry Middle School, Instructional Center System Wide, Title I Migrant Education Program, District Instructional Center (Dic) — John A. Ferguson Senior High rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of Florida Continental Realty, LLC. · Serge Bissainthe. MLS #A12050532.
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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