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+19 photosGated community home — 12869 SW 31st Court 150 · Melrose Point Condo · Miramar
South Florida Luxury Living
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Open property magazine$407,500
12869 SW 31st Court 150, Miramar, FL 33027
Miramar, FL, 33027
3 bd · 3 ba · — sqft
Listed by La Rosa Realty LLC
12869 SW 31st Court 150, Miramar, FL 33027
Listed by La Rosa Realty LLC
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Estimated monthly payment
$3,259/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $3,259/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesRare opportunity to own one of the community’s premier lakefront corner unit in the highly desirable Melrose Point at Monarch Lakes! This spacious residence offers one of the largest floor plans (1,747SQFT) in the community. Enjoy serene lake views and added privacy with no neighboring unit on the left side.The first floor features an open-concept layout with a bright kitchen and breakfast bar overlooking the water, a spacious family room, formal dining area, and an additional living space perfect for entertaining or relaxing. Upstairs, you’ll find 3 generously sized bedrooms, including an oversized primary suite with a private balcony overlooking the lake and an expansive walk-in closet.Recent upgrades include a remodeled Kitchen, impact windows, newer A/C, washer/dryer, and refrigerator — all less than two years old. The community also offers resort-style amenities including a beautiful clubhouse, pool, fitness center, and gated entry for added security. Roof replaced in 2019.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 6%
The seller has come down from $435,000 to $407,500 — a $27,500 reduction since it came on the market.
169 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Dogs
Welcome per listing rules
Your costs (est.)
≈ $3,259/mo
12869 SW 31st Court 150, Miramar, FL 33027 · Miramar
Location
12869 SW 31st Court 150, Miramar, FL 33027
What buyers ask about this home
What are the estimated monthly carrying costs at 12869 SW 31st Court 150, Miramar, FL 33027?+
Property tax (after sale): $515/month est.; homeowners insurance: $170/month est.; HOA: $460/month. Fixed ownership costs before a mortgage: $1,145/month est. Principal and interest: $2,114/month; PMI: $0/month. Total for the payment scenario shown: $3,259/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 12869 SW 31st Court 150, Miramar, FL 33027?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 12869 SW 31st Court 150, Miramar, FL 33027 need flood insurance, and what drives the premium?+
Most of Miramar sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should I check about the association before buying 12869 SW 31st Court 150, Miramar, FL 33027?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 12869 SW 31st Court 150, Miramar, FL 33027 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Miramar luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 12869 SW 31st Court 150, Miramar, FL 33027?+
This listing has been on the market 169 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Miramar, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Coconut Palm Elementary School
Elementary · 0.7 mi from this home · 13601 Monarch Lakes Blvd, Miramar
New Renaissance Middle School
Middle school · 2.0 mi from this home · 10701 Miramar Blvd, Miramar
Zone boundaries published by Broward County Public Schools.
Other options for this address
Mother Of Our Redeemer Catholic School
Elementary · Private · Catholic · Grades PK–8 · Hialeah
Renaissance Charter Middle School At Pines
Elementary · Charter · Grades PK–8 · Pembroke Pines
Love Outreach Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades 4–12 · Miramar
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
$407,500 · MLS A12027578
$407,500
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