8966 SW 40th Terrace, Miami, FL 33165

New Listing
$1,550,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,870 Status: Active
Current Price: $1,550,000 List Date: 10/01/2026 Last Modified: 10/01/2026

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

Status Change Information

Major Change Timestamp
2026-10-01T09:06:08Z
Major Change Type
Back on Market
Status Change Date
2026-10-01
Back on Market Date
2026-10-01

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

Room Information

Room Name
Kitchen
Living Room
Master Bedroom

Documents

IDX
Listing Office: Dade Luxury Realty LLC
Source MLS Verified
Last Updated: October - 01 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.