New construction

$1,550,000

8966 SW 40th Terrace, Miami, FL 33165

4beds

2,054sqft

$10,697/mo

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Single Family Residence

Built in 2026

7,500 Square Feet Lot

$1,516,000 Zestimate^®

$755/sqft

$-- HOA

What's special

Resort-style poolSoaring ceilingsFlawless open layoutDesigner european finishes

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.

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1
Main level bathrooms: 3
Main level bedrooms: 4

Heating

Central

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Oven, Refrigerator, Washer
Laundry: Laundry Room

Features

Wet Bar, Built-in Features, Closet Cabinetry, Kitchen Island, Multiple Primary Suites, Multiple En Suite Bathrooms, Split Bedrooms, Storage, Bar
Flooring: Concrete, Ceramic Tile, Marble, Tile
Windows: Insulated Windows
Has fireplace: No

Interior area

Total structure area: 2,870
Total interior livable area: 2,054 sqft

Video & virtual tour

View virtual tour

Property

Parking

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

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Patio & porch: Patio, Porch, Terrace
Exterior features: Barbecue, Outdoor Kitchen, Outdoor Living Area
Has private pool: Yes
Pool features: Fenced, In Ground, Private
Fencing: Back Yard,Fenced,Gate

Lot

Size: 7,500 Square Feet
Features: < 1/4 Acre

Details

Parcel number: 3040210030230
Zoning: 5700
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Contemporary
Property subtype: Single Family Residence

Materials

CBSConcreteBlockStructure, Block, Stucco
Foundation: Slab
Roof: Concrete,Rolled/Hot Mop

Condition

New Construction
New construction: Yes
Year built: 2026

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Septic Tank
Water: Public
Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: OLYMPIA GARDENS

HOA

Has HOA: No

Location

Region: Miami

Financial & listing details

Price per square foot: $755/sqft
Tax assessed value: $315,000
Annual tax amount: $5,373
Date on market: 10/1/2026
Cumulative days on market: 127 days
Listing terms: Cash,Conventional
Electric utility on property: Yes

Estimated market value

$1,516,000

$1.44M - $1.59M

$5,106/mo

Price history

Date	Event	Price
4/7/2026	Listed for sale	$1,550,000+287.5%$755/sqft
Source: BeachesMLS #B26012052 Report a problem
9/21/2023	Sold	$400,000-10.1%$195/sqft
Source: MIAMI #A11405573 Report a problem
9/9/2023	Pending sale	$445,000$217/sqft
Source: MIAMI #A11405573 Report a problem
9/6/2023	Price change	$445,000-4.3%$217/sqft
Source: MIAMI #A11405573 Report a problem
8/30/2023	Pending sale	$465,000$226/sqft
Source: MIAMI #A11405573 Report a problem
6/25/2023	Price change	$465,000+27.4%$226/sqft
Source: MIAMI #A11405573 Report a problem
6/19/2023	Listed for sale	$365,000+89.1%$178/sqft
Source: MIAMI #A11405573 Report a problem
7/3/2007	Sold	$193,000$94/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,373 +2.3%	$315,000 +2.4%
2024	$5,251 +35.7%	$307,500 +43.4%
2023	$3,868 +14.7%	$214,500 +10%
2022	$3,373 +33.8%	$195,000 +83.8%
2021	$2,521 +3.5%	$106,104 +10%
2020	$2,436 +14.1%	$96,459 +10%
2019	$2,136 +7.2%	$87,690 +10%
2018	$1,992	$79,719 +10%
2017	$1,992 +11.5%	$72,472 +10%
2016	$1,786 +32.2%	$65,884 +10%
2015	$1,351 +14%	$59,895 +10%
2014	$1,185 -5.6%	$54,450
2006	$1,256	--
2005	$1,256 +2.3%	--
2004	$1,228 +9.1%	--
2003	$1,126 +3.6%	--
2002	$1,087	--
2001	$1,087	--