Accepting backups

Price cut: $20K (9/9)

$629,000

15351 SW 40TH Terrace, Miami, FL 33185

4beds

2,028sqft

$4,646/mo

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Single Family Residence

Built in 1998

3,800 Square Feet Lot

$617,100 Zestimate^®

$310/sqft

$135/mo HOA

What's special

Two-story homeFour bedroomsVersatile floor planFenced in paver patio

Welcome to this spacious 4-bedroom, 2.1 bath residence w/2 car garage in the desirable Caribe Lakes area of Miami. Offering 2,556 square feet of living space, this two-story home provides a comfortable layout with plenty of room for everyday living, entertaining, and growing families. The fenced in, paver patio offers the ability to enjoy the outdoor SF lifestyle! Built in 1998, the residence combines generous living areas with the convenience of an established residential community. The home's versatile floor plan offers four bedrooms, providing flexibility for a home office, guest suite, gym, or additional living space. The property is ideally positioned for convenient access to major roadways, shopping, dining, schools, and the many attractions throughout Miami-Dade County. Roof 1998.

38 days
429
22

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Water Heater, Oven, Refrigerator, Water Heater, Washer
Laundry: Washer Hookup, Electric Dryer Hookup, Inside, Laundry Closet

Features

Built-in Features, Bathtub, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen, Living/Dining Room, Split Bedrooms, Soaking Tub, Separate Shower, Upper Level Primary, Walk-In Closet(s)
Flooring: Carpet, Tile
Windows: Blinds, Drapes
Has fireplace: No

Interior area

Total structure area: 2,556
Total interior livable area: 2,028 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 4
Parking features: Attached, Driveway, Garage
Attached garage spaces: 2
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Patio & porch: Covered, Patio, Porch, Screened
Exterior features: Awning(s), Outdoor Living Area
Fencing: Back Yard,Fenced,Gate

Lot

Size: 3,800 Square Feet
Features: < 1/4 Acre

Details

Parcel number: 3049160050420
Zoning: 3700
Special conditions: Standard
Other equipment: Satellite Dish

Construction

Type & style

Home type: SingleFamily
Architectural style: Spanish/Mediterranean
Property subtype: Single Family Residence

Materials

CBSConcreteBlockStructure, Block, Stucco
Roof: Barrel,Tile

Condition

Resale
New construction: No
Year built: 1998

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Water Available

Community & HOA

Community

Features: Home Owners Association, Gated
Security: Gated Community, Smoke Detector(s)
Subdivision: CARIBE LAKES PHASE II

HOA

Has HOA: Yes
Amenities included: Basketball Court, Clubhouse, Playground, Park
Services included: Common Areas, Maintenance Grounds
HOA fee: $135 monthly
HOA name: caribe lakes
HOA phone: 305-551-1881

Location

Region: Miami

Financial & listing details

Price per square foot: $310/sqft
Tax assessed value: $207,583
Annual tax amount: $2,813
Date on market: 8/26/2026
Cumulative days on market: 24 days
Listing terms: Cash,Conventional,FHA
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

$617,100

$586,000 - $648,000

$4,016/mo

Price history

Date	Event	Price
9/9/2026	Price change	$629,000-3.1%$310/sqft
Source: BeachesMLS #B26068852 Report a problem
8/26/2026	Listed for sale	$649,000+370.3%$320/sqft
Source: BeachesMLS #B26068852 Report a problem
7/2/1998	Sold	$138,000$68/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,442 +2.8%	$202,126 +2.9%
2024	$3,350 +7.2%	$196,430 +3%
2023	$3,124 +4.6%	$190,709 +3%
2022	$2,987 +1.1%	$185,155 +3%
2021	$2,953 +1.2%	$179,763 +1.4%
2020	$2,919 +2.2%	$177,282 +2.3%
2019	$2,855 +5.2%	$173,297 +1.9%
2018	$2,715	$170,066 +2.1%
2017	$2,715 +0.8%	$166,569 +2.1%
2016	$2,693 +0.6%	$163,143 +0.7%
2015	$2,677 -1.1%	$162,009 +0.8%
2014	$2,707 +4.2%	$160,724 +1.5%
2013	$2,598	$158,349 +1.7%
2012	$2,598 +2.6%	$155,703 +3.2%
2011	$2,532 -5.1%	$150,941 +1.5%
2010	$2,667 +9.6%	$148,711 +2.7%
2009	$2,433 -5.9%	$144,802 +25.4%
2007	$2,585 -4.4%	$115,445
2006	$2,704	--
2005	$2,704 +1.7%	--
2004	$2,660 +5.9%	--
2003	$2,511 +1.4%	--
2002	$2,476	--
2001	$2,476	--