8966 SW 40th Terrace, Miami FL 33165, MIAMI, FL, 33165
Active132 days on marketListed Apr 6, 2026MLS #B26012052
About this home
8966 SW 40th Terrace, Miami FL 33165
Brand New Contemporary Jewel in Olympia Heights of Miami. 4BD/3.5BA with soaring ceilings, concrete roof, and flawless open layout. Designer European finishes, chef's kitchen with built-in appliances, and a luxe primary suite with wet bar. Resort-style pool with 350 SF covered outdoor terrace with kitchenette/bar—built for entertaining. Spacious 2-car garage. Prime location near Turnpike & Palmetto, top schools, shopping & dining. Estimated completion in ~2 months. Modern luxury done right—rare opportunity. Act fast. Disclaimer: Select images are artist renderings intended to illustrate the completed design; final finishes may vary slightly.
Facts & features
The home at a glance
4
Bedrooms
3.5
Bathrooms
2,054
Sqft
0.17 ac
Lot size
2
Garage
2026
Year built
1
Levels
$755
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.
$9,553 /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
$9,553/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
$755 vs $508
Days on market
132 vs 66 typical
Where $755/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 33165 — neighborhood snapshot
Population
50,471
Median age
49.7
Median income
$84,086
Median home value
$476,100
Avg household
2.87
Households w/ children
4,447
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 265% above the MIAMI 33165 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 8966 SW 40th Terrace
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$850,000
6001 SW 94th Pl, Miami FL 33173
4 bd · 2 ba · 2,021 sqft · $421/sqft · 4 DOM
Sold · May ’26$810,000
9440 SW 54th St, Miami FL 33165
4 bd · 3 ba · 2,018 sqft · $401/sqft · 15 DOM
Sold · Aug ’25$940,000
5002 SW 87th Pl, Miami FL 33165
4 bd · 3 ba · 2,010 sqft · $468/sqft · 46 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
Kevin Johnson
CEO & Managing Broker · CENTURY 21 Edge
Tours, negotiation, and every question about 8966 SW 40th Terrace — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 8966 SW 40th Terrace — before you fall in love.
See it in person
Schedule a tour
Live availability from Kevin's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
8966 SW 40th Terrace FAQs
What would the monthly payment be for 8966 SW 40th Terrace, Miami FL 33165?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $9,553/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 8966 SW 40th Terrace, Miami FL 33165?+
The most recent tax bill on record (2025) was $5,373. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 8966 SW 40th Terrace, Miami FL 33165?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Miami?+
At $1,550,000, this home is listed about 154% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 8966 SW 40th Terrace, Miami FL 33165?+
Southwest Miami Senior High (high), Glades Middle School (middle), 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
Three things that matter here
01Positioned at the premium end
$1,550,000 runs 265% above the MIAMI 33165 median — but at 2,054 sqft it's also 70% larger than the typical Miami listing.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Time on market is leverage
132 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
Keep looking
Similar homes nearby
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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