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$1,250,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 6 Full Baths
  • 1,938 Sq. Ft.
  • Updated 7 days ago
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Exceptional investment opportunity just 2-3 minutes from the University of Miami! This fully occupied, income-producing property features 6 bedrooms and 6 bathrooms and generates approximately $11,000 per month in rental income. The main residence offers 3 bedrooms and 3 bathrooms and underwent a comprehensive renovation in 2022, including a new roof, impact windows, updated plumbing, electrical, HVAC system, a beautifully renovated kitchen, modernized bathrooms, and luxury finishes throughout. Ideally situated in one of South Miami's most desirable rental markets, this property enjoys consistently high demand due to its close proximity to the University of Miami, hospitals, shopping, dining, and major highways. With all units currently occupied, investors can benefit from immediate cash flow from day one. Whether you're looking to expand your portfolio or secure a turnkey income-producing asset in a premier location, this is a rare opportunity with exceptional long-term investment potential.

Full Property Details for 5731 SW 62nd Terrace

General

  • Price: $1,250,000
  • Taxes: $10,744 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Greater_Miami
  • MLS ID: A12072330
  • Updated: 8/17/2026
  • Added to Site: 8 day(s) ago

Interior

  • Interior Features: First Floor Entry, Separate Guest/In-Law Quarters
  • Appliances: Dryer, Microwave, Refrigerator, Washer
  • Furnished: Yes
  • Furnishings: Turn Key Furnished
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6
  • Primary Bathroom: Shower Only

Bedrooms

  • Total Bedrooms: 6
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level

Other Rooms

  • Living Room: Separate Guest/In-Law Qua Sq. Ft.
  • Dining Room: Family/Dining Combination

Exterior

  • Exterior Features: Other

Parking

  • Carports: Yes
  • Carport Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Detached Carport, Additional Spaces Available, Driveway

Location

  • Area: De Carlo Manor
  • County: Miami-Dade County
  • Subdivision: DE CARLO MANOR
  • Building Name: DE CARLO MANOR
  • Direction Faces: South

School Information

  • Elementary School: Fairchild; David
  • Middle School: South Miami
  • High School: South Miami

Community

  • Community Name: De Carlo Manor

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Wall/Window Unit(s)
  • Heating Type: Central

Utilities

  • Sewer: Septic Tank
  • Water: Municipal Water

Structural Information

  • Architectural Style: Detached, One Story
  • Structure Type: R30-No Pool/No Water, House
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Flat Tile
  • Windows: Complete Impact Glass
  • Building Size: 2282
  • Square Feet: 1,938
  • Living Area: 1,938 Sq. Ft.
  • Year Built: 1949

Additional Structures

  • Other Structures: Guest House

Lot Features

  • Property View: Other
  • Lot Size (Sq. Ft.): 8,400
  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: 100

Financial Considerations

  • Price Per Sq. Ft.: $644.99
  • Tax Amount: $10,744
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: DE CARLO MANOR PB 49-46 LOT 3 BLK 1 LOT SIZE 80.000 X 105 OR 21034-4945 10/2002 4 COC 23177-0891 03 2005 1
  • Restrictions: Ok To Lease, See Broker Remarks
  • Property ID: 30-40-25-032-0030

Listed by Compass Florida, LLC

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Listing agent

— 5731 SW 62nd Terrace —

  • Compass Florida, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5731 SW 62nd Terrace

School District:Dade County School District
NameGradesDistance
David Fairchild Elementary School
5757 Southwest 45th Street, Miami, FL 33155
PK-51.2 mi
South Miami Middle School
6750 Sw 60th St, South Miami, FL 33143
6-81.1 mi
South Miami Senior High School
6856 Southwest 53rd Street, Miami, FL 33155
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5731 SW 62nd Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/17/2026
Listed
$1,250,000
249.65%
MLS
3/17/2005
Sold
$357,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5731 SW 62nd Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,192
12%
$565,076
-4%
2024
$9,959
12%
$590,947
14%
2023
$8,910
22%
$519,628
35%
2021
$7,325
-8%
$385,956
-15%
2022
$7,973
9%
$452,282
35%
2021
$7,325
15%
$334,935
2%
2019
$6,368
10%
$327,042
10%
2018
$5,781
2%
$297,311
-11%
2017
$5,690
12%
$334,935
36%
2016
$5,091
8%
$245,712
10%
2015
$4,728
5%
$223,375
10%
2014
$4,524
16%
$203,069
10%
2013
$3,913
—
$184,609
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Compass Florida, LLC

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5731 SW 62nd Ter, Miami, FL 33143 (MLS# A12072330) is a Single Family property with 6 bedrooms and 6 full bathrooms. 5731 SW 62nd Ter is currently listed for $1,250,000 and was received on August 17, 2026. Want to learn more about 5731 SW 62nd Ter? Do you have questions about finding other Single Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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