this is a rare, high-demand asset that checks boxes for both large families and serious investors—and there is nothing comparable active on the market. This lakefront residence offers a flexible, income-producing layout with in-law quarters currently rented and generating strong cash flow, while the main unit also has tenants in place, creating immediate income from day one. Properties with verified rental income, dual-living capability, and a lake view are exceptionally scarce in today’s Miami-Dade market. The lake view delivers daily serenity—sunrises, reflections, and privacy—an amenity buyers and tenants consistently pay a premium for. Add the central location near Florida International University, the Turnpike, and major employment corridors, and you have a property that appeals to end-users, multigenerational households, and investors focused on yield and long-term appreciation. Let me be direct: assets like this do not sit. Inventory with in-place tenants + in-law quarters + lake view + central access gets absorbed quickly by buyers who understand numbers, not emotions. This is a strategic acquisition for families who need space and flexibility—and for investors who demand diversified income, reduced vacancy risk, and immediate returns. Opportunities like this are gone once sold, and the next comparable may not appear for years.
For sale
$480,000
12233 SW 24th Ter #35, Miami, FL 33175
4beds
1,584sqft
Condominium
Built in 1981
-- sqft lot
$468,300 Zestimate®
$303/sqft
$283/mo HOA
What's special
Dual-living capabilityLake viewFlexible income-producing layoutLakefront residenceIn-law quarters
- 151 days |
- 754 |
- 52 |
Zillow last checked:
Listing updated:
Listed by:
Alvaro Bustos 305-903-4456,
Bustos Realty,
Gladys Cubas 786-395-1560,
Bustos Realty
Source: MIAMI,MLS#: A11954986
Originating MLS: A-Miami Association of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
- Laundry: Washer/Dryer Hook-Up
Features
- Flooring: Tile
- Common walls with other units/homes: Corner Unit
Interior area
- Total structure area: 1,584
- Total interior livable area: 1,584 sqft
Video & virtual tour
Property
Parking
- Parking features: 2 Or More Spaces
Features
- Entry location: First Floor Entry
- Patio & porch: Deck
- Fencing: Fenced
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Details
- Parcel number: 3049120500350
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- CBS Construction
Condition
- Year built: 1981
Community & HOA
Community
- Security: No Security
- Application fee: $100
- Pet fee: $0
- Subdivision: Lake Vilg At Intl Lake Th
HOA
- Has HOA: Yes
- Amenities included: None
- HOA fee: $283 monthly
Location
- Region: Miami
Financial & listing details
- Price per square foot: $303/sqft
- Tax assessed value: $354,832
- Annual tax amount: $6,724
- Date on market: 2/2/2026
- Listing terms: All Cash,Conventional
Estimated market value
$468,300
$445,000 - $492,000
$4,116/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2026 | Price change | $480,000-3.8%$303/sqft |
Source: | ||
| 2/3/2026 | Listed for sale | $499,000$315/sqft |
Source: | ||
| 11/18/2025 | Listing removed | $499,000$315/sqft |
Source: | ||
| 7/22/2025 | Listed for sale | $499,000-2.2%$315/sqft |
Source: | ||
| 6/29/2024 | Listing removed | $510,000$322/sqft |
Source: | ||
| 5/23/2024 | Listing removed | -- |
Source: | ||
| 4/28/2024 | Price change | $3,600+28.6%$2/sqft |
Source: | ||
| 4/17/2024 | Listed for rent | $2,800-26.3%$2/sqft |
Source: | ||
| 4/4/2024 | Listed for sale | $510,000+41.7%$322/sqft |
Source: | ||
| 3/25/2024 | Listing removed | -- |
Source: | ||
| 3/12/2024 | Listed for rent | $3,800$2/sqft |
Source: | ||
| 12/2/2022 | Sold | $360,000+2.9%$227/sqft |
Source: | ||
| 10/20/2022 | Pending sale | $349,999$221/sqft |
Source: | ||
| 10/13/2022 | Price change | $349,999-12.5%$221/sqft |
Source: | ||
| 8/26/2022 | Listed for sale | $399,900$252/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,724 +0.1% | $354,832 +3.6% |
| 2024 | $6,720 +14.4% | $342,381 +10% |
| 2023 | $5,874 +411.6% | $311,256 +178% |
| 2022 | $1,148 +1.1% | $111,964 +3% |
| 2021 | $1,136 +0.4% | $108,703 +1.4% |
| 2020 | $1,132 +1.4% | $107,203 +2.3% |
| 2019 | $1,116 +6.5% | $104,793 +1.9% |
| 2018 | $1,048 | $102,840 +2.1% |
| 2017 | $1,048 -1% | $100,725 +2.1% |
| 2016 | $1,058 +0.7% | $98,654 +0.7% |
| 2015 | $1,051 -2.1% | $97,969 +0.8% |
| 2014 | $1,074 +2.5% | $97,192 +1.5% |
| 2013 | $1,047 | $95,756 +1.7% |
| 2012 | $1,047 +1.9% | $94,156 +3% |
| 2011 | $1,028 -0.6% | $91,414 +1.5% |
| 2010 | $1,034 +3.8% | $90,064 +2.7% |
| 2009 | $996 -8.6% | $87,697 +771.8% |
| 2007 | $1,090 -31.6% | $10,059 |
| 2006 | $1,595 | -- |
| 2005 | $1,595 +2% | -- |
| 2004 | $1,563 +7.7% | -- |
| 2003 | $1,451 +3.7% | -- |
| 2002 | $1,399 | -- |
| 2001 | $1,399 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Tamiami
Nearby schools
GreatSchools rating
- 7/10Wesley Matthews Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10W. R. Thomas Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Southwest Miami Senior High SchoolGrades: 9-12Distance: 3.7 mi
Schools provided by the listing agent
- Elementary: Mattews; Wesley
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Miami-Dade County
- Miami
- 33175
- Tamiami
- 12233 SW 24th Ter Unit 35




