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+3 photosLuxury home — 5000 SW 198th Terrace · 198 Terrace · Southwest Ranches
$2,100,000
5000 SW 198th Terrace, Southwest Ranches, FL 33332
Southwest Ranches, FL, 33332
5 bd · 4 ba · 4,164 sqft
Listed by Beachfront Realty Inc
5000 SW 198th Terrace, Southwest Ranches, FL 33332
Listed by Beachfront Realty Inc
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Estimated monthly payment
$14,039/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 $14,039/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: AH · verify insurance quotes before buying.
About this home
Find similar homes2.63 acres in desirable Southwest Ranches - This spacious estate offers privacy, tranquility, and tremendous potential, just minutes from Weston’s amenities, reputable schools, shopping, dining, and I-75.Built in 2000, the home features high ceilings, an expansive open kitchen and family room, a generous primary suite, pool, patio, and horse stables. Floor plan has a separate suite with it's own bath, ideal for in-laws or home office. This is an estate sale being offered strictly AS IS. The property has been vacant for several months and requires repairs and maintenance, including roof leak repairs, ceiling work, pool and landscaping maintenance, and cosmetic updates.Cash buyer or private financing is required. Priced to reflect its current condition, this property presents an exceptional opportunity for investors or buyers seeking to create their own private luxury estate in one of South Florida’s most desirable equestrian communities.
Property Details
Your costs (est.)
≈ $14,039/mo
5000 SW 198th Terrace, Southwest Ranches, FL 33332 · Southwest Ranches
Location
5000 SW 198th Terrace, Southwest Ranches, FL 33332
What buyers ask about this home
What are the estimated monthly carrying costs at 5000 SW 198th Terrace, Southwest Ranches, FL 33332?+
Property tax (after sale): $2,119/month est.; homeowners insurance: $1,023/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $3,142/month est. Principal and interest: $10,896/month; PMI: $0/month. Total for the payment scenario shown: $14,039/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 5000 SW 198th Terrace, Southwest Ranches, FL 33332?+
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 5000 SW 198th Terrace, Southwest Ranches, FL 33332 need flood insurance, and what drives the premium?+
Most of Southwest Ranches 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 5000 SW 198th Terrace, Southwest Ranches, FL 33332?+
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, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the waterfront at 5000 SW 198th Terrace, Southwest Ranches, FL 33332?+
Waterfront ownership adds seawall maintenance and eventual replacement, dock and lift servicing, higher flood and wind premiums, and salt-air upkeep on exterior finishes and equipment. Confirm bridge height and water depth at low tide if you plan to keep a boat.
Is there room to negotiate on 5000 SW 198th Terrace, Southwest Ranches, FL 33332?+
This listing has been on the market 1 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.
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Simon Gedz
Realtor® since 1995
Interested in this property?
$2,100,000 · MLS A12119628
$2,100,000
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