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$1,550,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 2,054 Sq. Ft.
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Brand New Contemporary Jewel in Olympia Heights of Miami. 4BD/3.5BA with soaring ceilings, concrete roof, and flawless open layout. Designer European finishes, chef's kitchen with built-in appliances, and a luxe primary suite with wet bar. Resort-style pool with 350 SF covered outdoor terrace with kitchenette/bar-built for entertaining. Spacious 2-car garage. Prime location near Turnpike & Palmetto, top schools, shopping & dining. Estimated completion in ~2 months. Modern luxury done right-rare opportunity. Act fast. Disclaimer: Select images are artist renderings intended to illustrate the completed design; final finishes may vary slightly.

Full Property Details for 8966 SW 40th Terrace

General

  • Price: $1,550,000
  • Taxes: $5,373 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Regional
  • MLS ID: B26012052
  • Updated: 4/15/2026
  • Added to Site: 51 day(s) ago

Interior

  • Number of Rooms: 3
  • Interior Features: Wet Bar, Built-in Features, Closet Cabinetry, Kitchen Island, Multiple Primary Suites, Multiple En Suite Bathrooms, Split Bedrooms, Storage, Bar
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Oven, Refrigerator, Washer
  • Flooring: Concrete, Ceramic Tile, Marble, Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Floor Baths: 3

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Main: 4

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Fenced, In Ground, Private

Exterior

  • Exterior Features: Barbecue, Outdoor Kitchen, Outdoor Living Area
  • Porch/Patio/Deck: Patio, Porch, Terrace

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Total Spaces: 2
  • Parking Features: Attached, Driveway, Garage

Location

  • County: Miami-Dade
  • Subdivision: OLYMPIA GARDENS
  • Direction Faces: North

School Information

  • Elementary School: Banyan (Miami-Dade)
  • Middle School: Glades (Miami-Dade)
  • High School: Southwest Miami

Community

  • Community Name: 2500
  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central

Utilities

  • Sewer: Septic Tank
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • Architectural Style: Contemporary
  • Structure Type: House
  • Construction: Block, Stucco
  • Roof: Concrete, Rolled/Hot Mop
  • Windows: Insulated Windows
  • Stories/Levels: 1
  • Building Size: 2870
  • Square Feet: 2,054
  • Sq. Ft. Source: Builder
  • Living Area: 2,054 Sq. Ft.
  • Year Built: 2026
  • Property Condition: New Construction

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Features: 1/4 Acre
  • Zoning: 5700
  • Fencing (Description): Back Yard, Fenced, Gate

Financial Considerations

  • Assessment Amount: $315,000
  • Tax Amount: $5,373.07
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: OLYMPIA GARDENS PB 41-80 LOT 3 BLK 3 LOT SIZE 75.000 X 100 OR 14693-2211 0990 1 COC 25751-1843 06 2007 1
  • Property ID: 3040210030230

Listed by Dade Luxury Realty LLC

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Listing agent

— 8966 SW 40th Terrace —

  • Dade Luxury Realty 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 8966 SW 40th Terrace

School District:Dade County School District
NameGradesDistance
Banyan Elementary School, Miami, FL
3060 Southwest 85th Avenue, Miami, FL 33155
PK-50.8 mi
Glades Middle School, Miami, FL
9451 Southwest 64th Street, Miami, FL 33173
6-81.6 mi
Southwest Miami Senior High School
8855 Southwest 50th Terrace, Miami, FL 33165
9-120.7 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 8966 SW 40th Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/07/2026
Listed
$1,550,000
287.5%
MLS
9/21/2023
Sold
$400,000
—
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 8966 SW 40th Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,373
2%
$315,000
2%
2024
$5,251
36%
$307,500
28%
2023
$3,868
15%
$240,000
23%
2022
$3,373
34%
$195,000
—
2021
$2,521
18%
$195,000
122%
2019
$2,136
7%
$87,690
10%
2018
$1,992
12%
$79,719
-44%
2017
$1,786
15%
$142,500
116%
2016
$1,553
15%
$65,884
10%
2015
$1,351
14%
$59,895
10%
2014
$1,185
21%
$54,450
10%
2013
$978
—
$49,500
—
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.

Estimate the Cost for 8966 SW 40th Terrace

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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 Dade Luxury Realty LLC

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8966 SW 40th Terrace, Miami, FL 33165 (MLS# B26012052) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 8966 SW 40th Terrace is currently listed for $1,550,000 and was received on April 07, 2026. Want to learn more about 8966 SW 40th Terrace? 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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