20
  • Type
  • Single Family Residence
  • 6
  • Bedrooms
  • 6
  • Bathrooms
  • 0
  • Garage
  • 1938 Sq Ft
  • Area Size
5731 SW 62nd Ter, Miami FL 33143 | Miami-Dade County | A11987463
  • $1,499,999

Description

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 Overview

This home, known as De Carlo Manor, is a single-family property located at 5731 SW 62nd Ter in unincorporated Miami-Dade. Built in 1949, it now sits on a fully renovated foundation and has been completely updated to include new systems throughout, including a new roof, HVAC, plumbing, electrical, impact windows, flooring, and crawl space. The property offers 6 bedrooms and 6 full bathrooms spread across 1,938 square feet of living space. The home is currently divided into four functional units: a main 3-bedroom, 3-bathroom house, two efficiency units (each 1 bedroom, 1 bathroom), and a small cottage in the back. It’s ideal for a variety of uses, including personal occupancy and rental income, especially with its proximity to the University of Miami. The property was fully renovated in 2022, and the septic tank was replaced in 2019. Situated between the Gables and South Miami, this home is positioned in a high-demand area with the advantage of lower taxes due to its location in unincorporated Miami-Dade. It generates approximately $10,000 in monthly cash flow and offers a rare opportunity to live close to one of the area’s most prominent universities. If you’re looking for a renovated, income-producing property in a desirable location, this is worth considering. For more details or to schedule a visit, call 305-859-4733.

Frequently Asked Questions

How many bedrooms and bathrooms does the DE CARLO MANOR have?

The property has 6 bedrooms and 6 full bathrooms.

What is the price of the DE CARLO MANOR?

The price for the DE CARLO MANOR is $1,499,999.

When was the property last renovated?

The home underwent a full renovation in 2022, including new roof, floors, AC, plumbing, electrical, impact windows, crawl space, appliances, and foundation.

What is the monthly cash flow of the property?

The property is reported to have a monthly cash flow of approximately $10,000.

How many units is the home divided into?

The home is divided into four units: a main 3/3 home, two efficiencies (1/1), and a cottage in the back.

Where is the property located?

The property is located at 5731 SW 62nd Ter, Miami, FL 33143, in unincorporated Miami-Dade, near the University of Miami.

Monthly Fees & Carrying Costs

  • Membership Required: No

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  • Address: 62nd Ter
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33143
  • Area: DE CARLO MANOR

Details

Updated on July 20, 2026 at 8:34 pm
  • Property ID A11987463
  • Price $1,499,999
  • Property Size 1938 Sq Ft
  • Bedrooms 6
  • Room 0
  • Bathrooms 6
  • Garage 0
  • Year Built 1949
  • Type Single Family Residence
  • Property Status Active, Residential

Additional details

  • Flooring Tile
  • Bedroom Features Entry Level
  • Cooling Central Air, Wall/Window Unit(s), Zoned
  • Association Type None
  • Building DE CARLO MANOR
  • Area De Carlo Manor
  • Annual Tax 10744
  • Association No
  • Elementary School Fairchild; David
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Neighborhood South Miami
  • Waterfront No
  • Full Bathrooms 6
  • Subdivision DE CARLO MANOR
  • Restrictions No Restrictions, Ok To Lease
  • Parking Detached Carport, Additional Spaces Available, Driveway, Guest
  • Heating Central
  • Structure Type R30-No Pool/No Water, House
  • Tax Year 2025
  • Construction CBS Construction
  • Building Area 2282
  • Covered Spaces 4
  • Middle School South Miami
  • View Other
  • Year Built Details Effective Year Built
  • High School South Miami
  • Half Bathrooms 0
  • Flood Zone X
  • New Construction No
  • Garage Spaces 0
  • Style R30-No Pool/No Water
  • Lot Size (Sq Ft) 8400
  • Membership Purchase Required No

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