4205 Oak Terrace Drive # 4205, FL 33463, FL, 33463
Active216 days on marketListed Jan 9, 2026MLS #R11153165
About this home
4205 Oak Terrace Drive # 4205, FL 33463
Beautiful 2-bedroom, 2-bath condo with peaceful lake views and abundant natural light. This residence features an open-concept layout with living and dining areas, and a screened balcony overlooking the water — the perfect spot to unwind morning or evening. Ideal for both owners and investors, this community allows immediate rentals. Residents enjoy amenities including two pools and tennis courts. Conveniently located near shopping, dining, major highways, and South Florida beaches. A fantastic opportunity for year-round living, seasonal enjoyment, or investment income.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
883
Sqft
0 ac
Lot size
1982
Year built
$198
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.
$2,162 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$2,162/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.
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
Erwin Vazquez
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 4205 Oak Terrace Drive # 4205 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 4205 Oak Terrace Drive # 4205 — before you fall in love.
See it in person
Schedule a tour
Live availability from Erwin's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
4205 Oak Terrace Drive # 4205 FAQs
What would the monthly payment be for 4205 Oak Terrace Drive # 4205, FL 33463?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,162/mo — principal and interest, the actual property-tax bill, the $602/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 4205 Oak Terrace Drive # 4205, FL 33463?+
The association fee works out to $602 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 4205 Oak Terrace Drive # 4205, FL 33463?+
The most recent tax bill on record (2025) was $3,506. 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 4205 Oak Terrace Drive # 4205, FL 33463?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
The brief
Three things that matter here
01Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
02Know the monthly fee
The association fee is $602/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
03The price has already moved
Listed at $199,000, now $175,000 — a $24K cut. The full history is in the market section below.
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®.