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+4 photosLuxury home — 7400 SW 98th Street · Hillmont · Pinecrest
$1,600,000
7400 SW 98th Street, Pinecrest, FL 33156
Pinecrest, FL, 33156
— bd · 0 ba · — sqft
Listed by Global Investments Realty
7400 SW 98th Street, Pinecrest, FL 33156
Listed by Global Investments Realty
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Know your costs before you buy
Work through the cash needed at closing, including property taxes.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
About this home
Find similar homesApproximately 18,500 SF / 0.42 acres of vacant land in prestigious Pinecrest, offering buyers the increasingly rare opportunity to build a completely new custom estate without the constraints of an existing structure.Situated in a highly desirable residential area known for its large estate properties, mature landscaping, privacy, and strong demand for luxury single-family homes. The property is located near Miami Palmetto Senior High School, Pinecrest Elementary, Trader Joe's, Publix, Whole Foods, and major transportation corridors. The approximately 0.42-acre lot provides substantial room for a large custom residence, swimming pool, outdoor entertaining areas, gardens, guest accommodations, and other luxury amenities. The existing marketing specifically highlights the site's flexibility for creating a private estate-style residence. With no existing building, an investor or end user can design a residence from the ground up to current luxury standards, potentially maximizing the property's appeal and resale value within the Pinecrest estate-home market. Recent nearby transactions demonstrate significant demand for larger Pinecrest residences. For example, a 7-bedroom, 6.5-bath, 9,792 SF residence on 0.55 acres sold for $4.9 million in June 2026, while other nearby Pinecrest land sales have traded in the approximately $1.7M–$3.5M range, depending on location and site characteristics.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 16%
The seller has come down from $1,900,000 to $1,600,000 — a $300,000 reduction since it came on the market.
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
Your costs (est.)
7400 SW 98th Street, Pinecrest, FL 33156 · Pinecrest
Location
7400 SW 98th Street, Pinecrest, FL 33156
What buyers ask about this home
What are the estimated monthly carrying costs at 7400 SW 98th Street, Pinecrest, FL 33156?+
Property tax (after sale): $1,554/month est. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 7400 SW 98th Street, Pinecrest, 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 7400 SW 98th Street, Pinecrest, FL 33156 need flood insurance, and what drives the premium?+
Most of Pinecrest 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 7400 SW 98th Street, Pinecrest, 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, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 7400 SW 98th Street, Pinecrest, FL 33156?+
This listing has been on the market 85 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 Pinecrest, 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
Miami Palmetto Senior High School
High school · 1.3 mi from this home · 7431 Sw 120Th St, Miami
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Somerset Academy Charter Middle School (South Miami Campus)
Middle school · Charter · Grades 6–8 · South 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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