5731 SW 62nd Ter

Miami, FL 33143

$1,499,999

$774/ft²

6Beds

6Baths

1,938Sq ft

1949Year built

Single-family homeType

About this home

Live in one, rent the Rest! Imagine Living in South Miami without the South Miami Taxes? This Home in Unincorporated Miami-Dade has 6 bedroom/ 6 Full Bathrooms and is just a stone's throw away from the University of Miami. Home is divided into a main 3/3 home, 2 efficiencies 1/1 and one cottage in the back. The whole property underwent a FULL Renovation in 2022. New Roof, Floors, AC, Plumbing, Electrical, Impact windows, new crawl space, new appliances for kitchens, and new foundation for the home. Septic tank was changed out in 2019. Home is divided into 4 units to accommodate rental from the University Students. This home Cash Flows about $11,000 monthly. Come enjoy the best this high demand area has to offer. (nestled in-between the Gables and South Miami)

Property details

Listing

MLS #: A11987463
Status: For sale
Listed on: Mar 26, 2026
Days on market: 136 days
Listing data updated: Jun 19, 2026

Interior

Beds: 6
Baths: 6
Living area: 1,938 ft²
Price per ft²: $774/ft²

Building & community

Type: Single-family home
Year built: 1949
County: Miami-Dade

Lot & exterior

Lot size: 8,400 ft²

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $7,585
Property taxes (est.): $1,375
Home insurance (est.): $600
Flood insurance (est.): —

Estimated total$9,560*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?