Gated community home — 460 NE 50th Terrace · Bayshore Plaza · Miami
South Florida Luxury Living
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A magazine dedicated to 460 NE 50th Terrace, Miami, FL 33137
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Open property magazine$4,500,000
460 NE 50th Terrace, Miami, FL 33137
Miami, FL, 33137
Listed by Fortune International Realty
460 NE 50th Terrace, Miami, FL 33137
Listed by Fortune International Realty
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
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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
20% down · 6.75% interest · 30-year loan
Principal, interest, taxes and insurance. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $23,350/mo
- Property tax (after sale) est.
- $7,495/mo
- Homeowners insurance est.
- $1,005/mo
- HOA
- $0/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
460 NE 50th Terrace, Miami, FL 33137
Estimated cash to close est.
$967,158.50
Down payment plus Florida taxes, title, lender and prepaid costs.
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Loan amount (calculated): $3,600,000.00
Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.
Edit closing costs & prepaids
Assumes both policies cover identical land and dates, with loan coverage within owner coverage—even if the seller pays owner title. Minimum lender premium $25. Turn off if not eligible. Endorsement allowance defaults to one $25 endorsement; actual requirements and premiums vary (Florida 69O-186.005).
Appraisal starts at $650. Waterfront and luxury homes may require a higher fee; confirm with your lender.
Tax uses existing ZIP estimates (after sale); insurance uses existing site estimates. Edit with your quote. If HOA insurance is included, confirm separate unit-owner coverage. Missing HOA costs are excluded—not assumed zero.
Estimated cash to close est.
$967,158.50
- Down payment est.
- $900,000.00
- Mortgage note documentary stamps est.
- $12,600.00
- Mortgage intangible tax est.
- $7,200.00
- Lender’s title insurance est.
- $25.00
- Lender title endorsements est.
- $25.00
- Lender fees est.
- $1,500.00
- Appraisal est.
- $650.00
- Owner’s title insurance est.
- $13,825.00
- Title search & examination est.
- $125.00
- Municipal lien search est.
- $150.00
- Settlement / closing fee est.
- $450.00
- County recording (deed) est.
- $30.00
- County recording (mortgage) est.
- $120.00
- Inspection, wind mitigation & 4-point est.
- $900.00
- Survey est.
- $500.00
- Property tax escrow (2 months, after sale) est.
- $14,990.83
- Insurance escrow (2 months) est.
- $2,009.67
- First-year insurance premium est.
- $12,058.00
- HOA / condo contribution or transfer est.
- Not provided
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Mortgage stamps: $0.35 per $100 or fraction. Intangible tax: 0.2% of loan. Title uses Florida 69O-186.003 base rates. Assumes 2 months of tax/insurance escrow for financed purchases plus first-year insurance; cash purchases have no lender escrow.
Before deposits and credits. Prepaid interest and other contract costs are not included. Discounts and title endorsements must be confirmed by the title company. Title search, municipal lien search, settlement and recording are pass-through title company charges for cash and financed buyers alike; the municipal lien search is priced by each city and can run higher (e.g. Boca Raton $150, Coral Gables $220).
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Insurance & flood
- Flood zone (FEMA)
- Zone X 0.2 Percent Annual Chance Flood HazardNot federally required
- Homeowners insurance est.
- $1,005 / month
Source: FEMA National Flood Hazard Layer · Date checked: Oct 23, 2026
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
Flood zone: X
Moderate mapped flood risk; flooding is still possible.
Source: FEMA National Flood Hazard Layer · Date checked: Oct 23, 2026
- Roof type
- Not provided —
- Roof year
- Not provided —
- Impact windows / doors
- Impact glass (per listing remarks)
- Shutters
- Not provided —
- Window features
- Not provided —
- Year built
- 1950
Homeowners insurance: $1,005 / month est.
- Annual premium est.
- $11,753
- Fees & taxes est.
- $305
- Annual total est.
- $12,058
- Likely range est.
- $10,249–$14,470
- Dwelling coverage est.
- $1,182,870
- Other structures est.
- $23,657
- Personal property est.
- $236,574
- Loss of use est.
- $118,287
- Hurricane deductible (2%) est.
- $23,657
The estimated rebuild cost is above the Citizens Property Insurance coverage cap for this county, so this home would need a private carrier.
Based on the listing: 3,033 sq ft · built 1950 · one story · impact windows / shutters · luxury finish level.
Dwelling coverage uses living area × county rebuilding cost. Selling price and land value are not included. The monthly estimate includes fees and applicable taxes.
Broward inland rates were calibrated against two supplied policies; other county and coastal rates have not yet been calibrated against real quotes.
Assumed where the listing is silent: frame construction · inland rating band · roof 6–15 years old · gable roof · 2% hurricane deductible · admitted carrier; no surplus-lines tax. A newer roof, a hip roof shape, or a higher deductible can lower the premium; frame construction can raise it.
Educational estimate only, not an insurance quote. Actual premiums depend on the carrier, inspections, discounts, and underwriting. Flood insurance not included. Simon Gedz is a Realtor, not a licensed insurance agent.
Zone X. Flood insurance is not federally required, but it is strongly recommended and usually available at lower rates.
The FEMA map is a strong indication, not the final answer: your lender orders its own flood zone determination. Cash buyers are not required to carry flood insurance, but on the water it is strongly recommended.
Florida rule: by 2027, Citizens policyholders must carry flood insurance even outside a flood zone, unless the Citizens policy excludes wind coverage. The FEMA map does not show this.
How flood insurance is priced (FEMA Risk Rating 2.0)
Flood insurance is priced home by home, so two neighbors on the same canal can pay very different amounts. Premiums depend on the home's elevation (first-floor height above the expected flood level), distance to water (ocean, Intracoastal, canal or river), the type of flood risk (storm surge, heavy rain or river overflow), the cost to rebuild, the foundation and construction type, and past flood claims on the property.
Federal flood insurance (NFIP) pays at most $250,000 for the building and $100,000 for contents. A luxury waterfront home needs private flood insurance or an "excess flood" policy on top.
Before an offer: pull the official FEMA flood map (FIRMette), ask the seller for an elevation certificate (it largely decides the price), ask whether the seller's existing NFIP policy can be transferred to you (sometimes at a lower rate), and have an insurance agent check prior flood claims (CLUE report). New NFIP policies usually have a 30-day wait before they take effect — don't leave it until the week of closing.
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
About This Property
Find similar homesBeautifully remodeled 3,307 sf MIMO gem located on an elevated double lot (17,500 sq ft lot (no flooding ever) in gated Morningside. Designed for those who appreciate architecture, craftsmanship, and serenity, this single-story estate blends timeless elegance with modern upgrades throughout. Property surrounding by 10 foot high hedges making it very private from street with spectacular views from indoors. Home has four(4) bedrooms each ensuite with custom California closets/storage, central courtyard pool (salt water system) with outdoor shower and half bath for entertainment, large covered outdoor kitchen fully stocked with refrigerator, sink, high end BBQ, pool side storage room, double car garage w/ storage loft. Additional features include: new large extra wide impact glass panels, windows & doors, 8 year old barrel tile roof with lifetime warranty, exquisite new custom chefs kitchen w/ an island & picture windows w/ panoramic views of the east garden as well as a very large butlers’ pantry (with additional extra refrigerator and dishwasher), solid light colored oak & travertine floors in kitchen and pantry, volume ceilings, recessed lighting throughout, refinished walls, oversized solid wood baseboards, custom high wooden doors throughout, modern sleek AC vents with 2 central AC systems divided between bedrooms and common areas, indoor/outdoor surround sound system, fireplace, all new electrical, all new plumbing, , home water filtration system, inground well for property wide irrigation system, outdoor garden lighting, large east & west yards w/ tropical gardens (mango trees, staghorn ferns, mature Poinciana trees), covered parking, large space for 5 vehicles. Garage has two washing machines, two dryers and a third freezer (in addition to 2 full refrigerators in kitchen/pantry) Exterior walls of home were all newly resurfaced. Secure property fully walled and gated for backyard access. Property sits on elevated plain so never floods and no insurance required!Located minutes from Miami’s premier private schools — including Cushman School, Miami Country Day, St. Stephen’s Episcopal, and Ransom Everglades Lower School — this home offers unmatched convenience for families seeking top-tier education within a secure, historic neighborhood.
Property Details
460 NE 50th Terrace, Miami, FL 33137 · Miami
Location
460 NE 50th Terrace, Miami, FL 33137
What buyers ask about this home
What are the estimated monthly carrying costs at 460 NE 50th Terrace, Miami, FL 33137?+
Property tax (after sale): $7,495/month est.; homeowners insurance: $1,005/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $8,500/month est. Principal and interest: $23,350/month; PMI: $0/month. Total for the payment scenario shown: $31,850/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 460 NE 50th Terrace, Miami, FL 33137?+
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 460 NE 50th Terrace, Miami, FL 33137 need flood insurance, and what drives the premium?+
Most of Miami 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 an inspection focus on for a home like 460 NE 50th Terrace, Miami, FL 33137?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the pool at 460 NE 50th Terrace, Miami, FL 33137?+
A pool typically adds ongoing service, chemicals and electricity, plus periodic resurfacing and equipment replacement. Verify the safety barrier meets Florida code, which is required for insurance and resale.
Is there room to negotiate on 460 NE 50th Terrace, Miami, FL 33137?+
This listing has been on the market 77 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
Miami. Distinct neighborhoods, local dining and shopping, with downtown, Brickell and MiamiCentral as everyday destinations.
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
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Ebenezer Christian Academy II
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Miami
Mcdonalds Playworld Community Development Inc Dba
Pre-K & Kindergarten · Private · Grades K–12 · Miami
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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