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+24 photosLuxury home — 7997 SW 76th Avenue · Glenvar Heights · Miami
South Florida Luxury Living
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Open property magazine$2,000,000
7997 SW 76th Avenue, Miami, FL 33143
Miami, FL, 33143
6 bd · 4 ba · 5,151 sqft
Listed by Luxe Properties
7997 SW 76th Avenue, Miami, FL 33143
Listed by Luxe Properties
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Estimated monthly payment
$13,187/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 $13,187/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 expansive 38,768 sq ft corner lot, just shy of an acre, this is a unique opportunity for a developer or end user to secure a property that not only offers scale and presence, but also produces approximately $180,000 annually in gross income. Excellent location just minutes to South Miami, Coral Gables, and Pinecrest, with quick access to top schools, everyday conveniences, top dining, Dadeland Mall, and the University of Miami. Connectivity is seamless with close proximity to US 1 and the Palmetto, making this a highly desirable pocket for both end users and investors. The existing residence spans over 5,100 sq ft with 6 bedrooms and 4 bathrooms, featuring soaring 20-foot ceilings and an abundance of natural light throughout. The layout is open and functional with tile flooring, recessed lighting, a fireplace, and Coral Rock accents that add warmth and character. The kitchen is well-positioned with a large island, granite countertops, wood cabinetry, and stainless steel appliances, opening seamlessly to the main living areas. A versatile loft adds flexibility for additional living or workspace. The property also features a roof completed in 2018 and impact windows installed in 2021, offering added value and peace of mind. Great opportunity to renovate or redevelop.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 18%
The seller has come down from $2,450,000 to $2,000,000 — a $450,000 reduction since it came on the market.
224 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
Your costs (est.)
≈ $13,187/mo
7997 SW 76th Avenue, Miami, FL 33143 · Miami
Location
7997 SW 76th Avenue, Miami, FL 33143
What buyers ask about this home
What are the estimated monthly carrying costs at 7997 SW 76th Avenue, Miami, FL 33143?+
Property tax (after sale): $1,819/month est.; homeowners insurance: $990/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $2,809/month est. Principal and interest: $10,378/month; PMI: $0/month. Total for the payment scenario shown: $13,187/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 7997 SW 76th Avenue, Miami, FL 33143?+
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 7997 SW 76th Avenue, Miami, FL 33143 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 7997 SW 76th Avenue, Miami, FL 33143?+
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 7997 SW 76th Avenue, Miami, FL 33143?+
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 7997 SW 76th Avenue, Miami, FL 33143?+
This listing has been on the market 224 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
South Miami Middle School
Middle school · 1.5 mi from this home · 6750 Sw 60Th St, South Miami
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
ST. Thomas The Apostle Catholic School
Elementary · Private · Catholic · Grades PK–8 · South Miami
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.
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Simon Gedz
Realtor® since 1995
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