What is the asking price and what does it include?

The list price for 450 NW 40th ct, Miami FL 33126 is $760,000. The property is a Quadruplex with — bedrooms, — bathrooms, approximately 1996 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 450 NW 40th ct, Miami FL 33126 in Miami, 33126. Coordinates are approximately 25.7901583, -80.2654319. Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Miami — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 760,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 450 NW 40th ct, Miami FL 33126.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

Home
Quadruplex
450 NW 40th ct, Miami FL 33126 | Miami-Dade County | A12019766

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450 NW 40th ct, Miami FL 33126 | Miami-Dade County | A12019766

450 NW 40th ct, Miami FL 33126

Residential Income Active

$760,000

35 More

Type
Quadruplex

1996 Square Feet
Area Size

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Residential Income Active

450 NW 40th ct, Miami FL 33126 | Miami-Dade County | A12019766

450 NW 40th ct, Miami FL 33126

$760,000

Description

Exceptional income-producing opportunity on an oversized corner lot in a highly desirable location. This property is larger than reflected on the tax roll and offers immediate cash flow, making it an ideal investment for savvy buyers. Positioned near the new Miami MLS stadium and Coral Gables, the property benefits from strong rental demand and consistent income potential. A true investor’s dream with proven rental performance—don’t miss this chance to secure a high-yield asset in a rapidly growing area. Contact listing agent for additional details and financials.

Address

Open on Google Maps

Address: 40th ct
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33126
Area: DURHAM TERRACE

Details

Updated on May 28, 2026 at 3:20 am

Property ID A12019766
Price $760,000
Property Size 1996 Square Feet
Year Built 1947
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaTotal 2116
BuildingAreaUnits Square Feet
BuildingName DURHAM TERRACE
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-05-15
Cooling Ceiling Fan(s), Central Air
DaysOnMarket 12
DocumentsAvailable Deposit Held
ExpirationDate 2026-11-30
Flooring Tile
Heating Central
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 954-240-8385
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Durham Terrace
MajorChangeTimestamp May 18, 2026 at 03:43pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp May 27, 2026 at 10:05pm
NumberOfUnitsInCommunity 4
OnMarketDate 2026-05-15
OriginalEntryTimestamp May 18, 2026 at 03:43pm
OriginalListPrice 760000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-41-05-008-1260
ParkingTotal 9
PhotosChangeTimestamp May 18, 2026 at 03:44pm
PhotosCount 40
Possession Funding
PostalCode 33126
PostalCodePlus4 5678
PriceChangeTimestamp May 15, 2026 at 03:28pm
PublicSurveyRange 41
PublicSurveySection 5
PublicSurveyTownship 41
RentIncludes Gas, Hot Water, Sewer, Trash Collection, Water
Roof Barrel Roof
Sewer Public Sewer
ShowingInstructions 24 Hour Notice, Appointment Only
SourceSystemKey 476520803
StateOrProvince FL
StatusChangeTimestamp May 18, 2026 at 03:43pm
Stories 1
StoriesTotal 1
StreetDirPrefix NW
StreetName 40th ct
StreetNumber 450
StreetNumberNumeric 450
StructureType Quadruplex, Fourplex
SyndicationRemarks Exceptional income-producing opportunity on an oversized corner lot in a highly desirable location. This property is larger than reflected on the tax roll and offers immediate cash flow, making it an ideal investment for savvy buyers. Positioned near the new Miami MLS stadium and Coral Gables, the property benefits from strong rental demand and consistent income potential. A true investor’s dream with proven rental performance—don’t miss this chance to secure a high-yield asset in a rapidly growing area. Contact listing agent for additional details and financials.
TaxAnnualAmount 12181
TaxLegalDescription DURHAM TERR PB 44-55 LOT 1 BLK 9 OR 18886-1302 1199 1
TaxYear 2025
YearBuiltDetails Resale
Zoning 0100