8966 SW 40th Terrace, Miami, FL 33165

$1,550,000

Virtual Tour

https://www.propertypanorama.com/8966-SW-40th-Terrace-Miami-FL-33165/unbranded

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,870 Status: Active

Current Price: $1,550,000 List Date: 4/07/2026 Last Modified: 5/31/2026

Overview

Description

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.

Listing Details MLS# B26012052

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Building Area Main: 2870
Building Area Source: Builder
Living Area Main: 2054
Living Area Source: Builder
Accessibility Features YN: No
Year Built: 2026
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Parking Total: 2
Gated Community YN: No
Lot Size Area: 7500
Lot Size Acres: 0.17
Senior Community YN: No
Land Lease YN: No
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Direction Faces: North
Fireplace YN: No
Pool Private YN: Yes
LP/Assessed Value: 4.92

Property Features

Electric: 200+ Amp Service Exterior Features: Barbecue; Outdoor Kitchen Flooring: Ceramic Tile; Concrete; Marble; Tile Foundation Details: Slab Parking Features: Driveway; Attached; Attached Garage; Garage Property Condition: New Construction Special Listing Conditions: Standard Appliances: Dishwasher; Dryer; Electric Cooktop; Electric Range; Oven; Refrigerator; Washer; Cooktop Architectural Style: Contemporary Construction Materials: CBS; Stucco Cooling: Ceiling Fan(s); Central Air Fencing: Back Yard; Fenced; Gate Heating: Central Interior Features: Bar; Bedroom Layout - Split; Built-in Features; Closet Cabinetry; Kitchen Island; Storage; Wet Bar Laundry Features: Laundry Room Levels: One Listing Terms: Cash; Conventional Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: No Restrictions Pool Features: Fenced; In Ground; Private Possession: Close Of Escrow Restrictions: No Restrictions Roof: Concrete; Rolled/Hot Mop Sewer: Septic Tank Structure Type: House Tax Information: Land Only Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Water Source: Public Window Features: Insulated Windows Showing Requirements: Schedule Online Outdoor Living Spaces: Patio; Porch; Terrace Patio Details: Patio - Open Porch Details: Porch - Open Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1550000
Negotiable Seller Concessions YN: No
Occupant Type: Vacant
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Miami-Dade
Street Number: 8966
Street Direction Prefix: SW
Street Name: 40th
Street Suffix: Terrace
Municipality Type: Incorporated
Municipal Code: 30
State Or Province: FL
Postal Code: 33165
Postal Code +4: 0000
Subdivision Name: OLYMPIA GARDENS
Area: 2500
Geographic Area: DADE
Elementary School: Banyan (Miami-Dade)
Middle Or Junior School: Glades (Miami-Dade)
High School: Southwest Miami
Special Assessment YN: No
Parcel Number: 3040210030230
Subdivision Number: 3
Zoning: 5700
Flood Zone: X

Financial Information

Master Association YN: No
Membership Fee Required YN: No
Tax Annual Amount: 5373.07
Tax Year: 2025
Tax Assessed/SOH Value: 315000
Tax 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
Assessor Market Value: 315000
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-04-07T14:08:29Z
Major Change Type: New Listing
Status Change Date: 2026-04-07

More Information

Co-Ownership

Property Management YN: No

Main Level Rooms

Main Level Bathrooms: 3
Main Level Bedrooms: 4

Pet Details

Pet Fee YN: No

Pool Size Details

Pool Size (WxL): 30*11

Price Calculations

Current Price To SqFt: 754.62

Originating Details

Originating System Key: 20260407030922415467000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

200+ Amp Service: Yes

Exterior Features

Barbecue: Yes
Outdoor Kitchen: Yes

Flooring

Ceramic Tile: Yes
Concrete: Yes
Marble: Yes
Tile: Yes

Foundation Details

Slab: Yes

Parking Features

Driveway: Yes
Attached: Yes
Attached Garage: Yes
Garage: Yes

Property Condition

New Construction: Yes

Special Listing Conditions

Standard: Yes

Fencing

Back Yard: Yes
Fenced: Yes
Gate: Yes

Structure Type

House: Yes

Possession

Close Of Escrow: Yes

Sewer

Septic Tank: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Heating

Central: Yes

Window Features

Insulated Windows: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Cooktop: Yes
Electric Range: Yes
Oven: Yes
Refrigerator: Yes
Washer: Yes
Cooktop: Yes

Construction Materials

CBS: Yes
Stucco: Yes

Interior Features

Bar: Yes
Bedroom Layout - Split: Yes
Built-in Features: Yes
Closet Cabinetry: Yes
Kitchen Island: Yes
Storage: Yes
Wet Bar: Yes

Laundry Features

Laundry Room: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Pool Features

Fenced: Yes
In Ground: Yes
Private: Yes

Roof

Concrete: Yes
Rolled/Hot Mop: Yes

Water Source

Public: Yes

Architectural Style

Contemporary: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Showing Requirements

Schedule Online: Yes

Main Living Area

Entry Level: Yes

Master Bedroom/Bath

2 Master Baths: Yes
2 Master Suites: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Tax Information

Land Only: Yes

Outdoor Living Spaces

Patio: Yes
Porch: Yes
Terrace: Yes

Patio Details

Patio - Open: Yes

Porch Details

Porch - Open: Yes

Room Types

Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Room Information

Room Name
Kitchen
Living Room
Master Bedroom

Documents

Floor plan ›

Listing Office: Dade Luxury Realty LLC

Last Updated: May - 31 - 2026

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8966 SW 40th Terrace, Miami, FL 33165 (MLS# B26012052)