12233 SW 24th Terrace 35, Miami, FL 33175

$480,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,584 Status: Active

Current Price: $480,000 List Date: 2/03/2026 Last Modified: 8/26/2026

Overview

Description

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 quarter ... (Read more)

Listing Details MLS# A11954986

General Property Information

Unit Floor #: Yes
Property Sub Type: Condominium
Bedrooms Total: 4
Bathrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Building Area Main: 1584
Living Area Main: 1584
Adjusted Area Main: 1584
Year Built: 1981
Senior Community YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 2

Property Features

Application Information: 3-4 Weeks Approval Association Fee Includes: Maintenance Grounds Flooring: Tile Leasing Permitted Details: Okay To Lease Property Condition: Resale Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Central Air; Electric Association Type: Condominium Fencing: Fenced Heating: Central; Electric Laundry Features: Washer Hookup; Dryer Hookup Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Security Features: None Special Information: Sold As-Is Unit Description: Corner/End Unit View: Water Showing Requirements: 24 Hour Notice Outdoor Living Spaces: Deck

Contract Information

Comp Sale YN: No
Original List Price: 499000
Occupant Type: Tenant

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 12233
Street Direction Prefix: SW
Street Name: 24th
Street Suffix: Terrace
Unit Number: 35
City Name: Miami
Municipal Code: 30
State Or Province: FL
Postal Code: 33175
Postal Code +4: 7309
Postal Zip: 33175
Subdivision Name: LAKE VILG AT INTL LAKE TH
Area: 2490
Elementary School: Wesley Matthews
Middle Or Junior School: W. R. Thomas
High School: Southwest Miami
Special Assessment YN: No
Parcel Number: 3049120500350
Subdivision Number: 50
Flood Zone: AE
Directions: use mapquest

Financial Information

Association YN: Yes
Association Fee: 283
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 283
Membership Fee Required YN: No
Tax Annual Amount: 6724
Tax Year: 2025
Tax Legal Description: LAKE VILG AT INTL LAKE TH CONDO UNIT 35 UNDIV 1/46 INT IN COMMON ELEMENTS OFF REC 10967-1031 OR 13253-1206 0387 1

Status Change Information

Major Change Timestamp: 2026-02-10T20:55:14Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-10T20:55:14Z
Status Change Date: 2026-02-02

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 100

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Parking Information

Open Parking Spaces: 2
Parking Space Number: 2

Leasing Restrictions

Leasing - Max Times Per Year: Yes
Leasing - Minimum Number of Days: 365

Price Calculations

Current Price To SqFt: 303.03

Section Details

Parcel Number MLX: 0350

Originating Details

Originating System Key: 426052794
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

3-4 Weeks Approval: Yes

Amenities

None: Yes

Association Fee Includes

Maintenance Grounds: Yes

Flooring

Tile: Yes

Property Condition

Resale: Yes

Fencing

Fenced: Yes

Possession

Close Of Escrow: Yes

Special Information

Sold As-Is: Yes

View

Water: Yes

Heating

Central: Yes
Electric: Yes

Unit Description

Corner/End Unit: Yes

Construction Materials

CBS: Yes

Laundry Features

Washer Hookup: Yes
Dryer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

None: Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Central Air: Yes
Electric: Yes

Association Type

Condominium: Yes

Showing Requirements

24 Hour Notice: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes
Master Bdrm - Ground: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Outdoor Living Spaces

Deck: Yes

Listing Office: Bustos Realty

Last Updated: August - 26 - 2026

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12233 SW 24th Terrace 35, Miami, FL 33175 (MLS# A11954986)