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+22 photosLuxury home — 8450 SW 74th Terrace · Windemere Woode · Miami
South Florida Luxury Living
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Open property magazine$4,650,000
8450 SW 74th Terrace, Miami, FL 33143
Miami, FL, 33143
5 bd · 5 ba · 4,887 sqft
Listed by Tsalach Real Estate
8450 SW 74th Terrace, Miami, FL 33143
Listed by Tsalach Real Estate
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Estimated monthly payment
$30,013/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 $30,013/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 homesFully Renovated Modern Residence situated on a corner lot in a private and secluded section of South Miami. This exceptional home is undergoing a comprehensive renovation, with completion anticipated by the end of 2026, and will offer 5 bedrooms, 4.5 bathrooms, approximately 4,887 SF of living space, and 5,384 SF of adjusted area on a generous 15,000 SF lot. The renovation is centered around a minimalist architectural concept, featuring Level 5 finishes, high-end materials, and carefully selected contemporary details throughout. Expansive living spaces and a refined indoor-outdoor design will complement the private pool and spacious outdoor areas, while a dedicated gym on the third floor adds an additional functional and distinctive feature. A rare opportunity to acquire a substantially renovated contemporary residence offering privacy, thoughtful design, and modern living in South Miami.All renderings and illustrations are conceptual and for illustrative purposes only. Actual design, materials, finishes, and features may vary.
Property Details
Your costs (est.)
≈ $30,013/mo
8450 SW 74th Terrace, Miami, FL 33143 · Miami
Location
8450 SW 74th Terrace, Miami, FL 33143
What buyers ask about this home
What are the estimated monthly carrying costs at 8450 SW 74th Terrace, Miami, FL 33143?+
Property tax (after sale): $4,230/month est.; homeowners insurance: $1,655/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $5,885/month est. Principal and interest: $24,128/month; PMI: $0/month. Total for the payment scenario shown: $30,013/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 8450 SW 74th Terrace, 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 8450 SW 74th Terrace, 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 8450 SW 74th Terrace, 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 8450 SW 74th Terrace, 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 8450 SW 74th Terrace, Miami, FL 33143?+
This listing has been on the market 72 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
Miami Killian Senior High School
High school · 2.3 mi from this home · 10655 Sw 97Th Ave, 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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