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+21 photosLuxury home — 5455 SW 88th Street · Snapper Creek Village Amd · Miami
South Florida Luxury Living
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Open property magazine$3,999,000
5455 SW 88th Street, Miami, FL 33156
Miami, FL, 33156
4 bd · 3 ba · 3,450 sqft
Listed by One Sotheby's International Realty
5455 SW 88th Street, Miami, FL 33156
Listed by One Sotheby's International Realty
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Estimated monthly payment
$25,870/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 $25,870/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: Zone not provided · verify insurance quotes before buying.
About this home
Find similar homesSet on an exceptional 33,018 square foot lot in one of Maimi’s most sought-after neighborhoods, this distinguished property presents a rare opportunity to create a truly exceptional property. The existing four bedroom, three-bath home offers a solid foundation with generously proportioned living spaces, impact windows/doors, formal living, dining, and family room. With moderate updates to the kitchen and bathrooms, provides an opportunity for a new owner to reimagine the interiors to suit today’s standards and lifestyle. The expansive lot offers extraordinary flexibility with a separate detached and permitted 813 Sq Ft garage and professional workshop. An increasingly rare offering in a prestigious neighborhood where large estate lots are highly coveted. The property’s exceptional lot size, established setting, and proximity to some of the area’s most valuable estates create and extraordinary canvas for realizing a truly exceptional vision.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 10%
The seller has come down from $4,455,000 to $3,999,000 — a $456,000 reduction since it came on the market.
90 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
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Your costs (est.)
≈ $25,870/mo
5455 SW 88th Street, Miami, FL 33156 · Miami
Location
5455 SW 88th Street, Miami, FL 33156
What buyers ask about this home
What are the estimated monthly carrying costs at 5455 SW 88th Street, Miami, FL 33156?+
Property tax (after sale): $3,884/month est.; homeowners insurance: $1,236/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $5,121/month est. Principal and interest: $20,750/month; PMI: $0/month. Total for the payment scenario shown: $25,870/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 5455 SW 88th Street, Miami, FL 33156?+
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 5455 SW 88th Street, Miami, FL 33156 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 5455 SW 88th Street, Miami, FL 33156?+
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 5455 SW 88th Street, Miami, FL 33156?+
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 5455 SW 88th Street, Miami, FL 33156?+
This listing has been on the market 90 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
Ponce De Leon Middle School
Middle school · 1.9 mi from this home · 5801 Augusto St, Coral Gables
Coral Gables Senior High School
High school · 3.2 mi from this home · 450 Bird Rd, Coral Gables
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
ST. Thomas Episcopal Parish School
Elementary · Private · Catholic · Grades PK–5 · Coral Gables
Somerset Academy Elementary School (South Miami Campus)
Elementary · Charter · Grades PK–5 · South Miami
Somerset Academy Charter Middle School (South Miami Campus)
Middle school · Charter · Grades 6–8 · South Miami
Carrollton School-Sacred Heart
Pre-K & Kindergarten · Private · Catholic · Grades PK–12 · Miami
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
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