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$849,000
9240 SW 40th Terrace
Miami, FL 33165
MLS# A12120686
3397 sqft


Single-story exterior featuring a flat roofline, metal carport, concrete driveway, and multi-pane aluminum windows
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Single-story exterior featuring a flat roofline, metal carport, concrete driveway, and multi-pane aluminum windows Aerial view with the approximate 8,800 sq ft lot boundary outlined. Imagery: Miami-Dade County, 2025. Covered front porch featuring ceramic tile flooring, a decorative metal security screen door, and exterior wall-mounted lighting Exterior entrance featuring a covered porch with red tile flooring, a multi-pane window configuration, and a metal security screen door Artist's rendering. Front elevation with new roof, impact windows and doors, carport, landscaping, and asphalt drive. Artist's rendering. Aerial concept with screened rear porches, fenced yards, and accessory building. Artist's rendering. Renovation overview: exterior, kitchen, bath, and accessory building. Built-in white storage cabinetry, large-format tile flooring, and a flush-mount ceiling light fixture Custom built-in white cabinetry with a curvilinear countertop, ceramic tile flooring, and a ceiling-mounted light fixture Interior space featuring terrazzo flooring, a ceiling fan with integrated lighting, and a six-panel entry door Living space featuring neutral walls, speckled composition flooring, and a ceiling-mounted light fixture with a central fan Interior area featuring terrazzo flooring, a ceiling-mounted fan with integrated lighting, and tile flooring in the secondary space Terrazzo flooring, ceiling fan with integrated lighting, and white multi-panel interior door Bedroom featuring built-in corner shelving and neutral-toned flooring Modern floating vanity with a white finish, contrasting matte black hardware, and an integrated rectangular sink Kitchen featuring white flat-panel cabinetry, dark solid-surface countertops, mosaic tile backsplash, black gas range, and terrazzo flooring Kitchen featuring white shaker-style cabinetry, dark contrast countertops, multicolored mosaic tile backsplash, black gas range, and a stainless steel undermount sink Enclosed space featuring ceramic tile flooring, exposed wood-beam ceiling, ceiling fan with integrated lighting, built-in shelving, and exterior access door Covered patio featuring tiled flooring, an exposed wood-beam ceiling, a built-in ceiling fan, and natural stone pillar accents Covered patio area featuring a tiled floor, exposed ceiling beams, a security door, and a single-pane window Living area featuring terrazzo flooring, ceiling-mounted fan with integrated lighting, and neutral wall tones Bathroom featuring a white vanity cabinet with an integrated basin, a wall-mounted lighted mirror, large-format stone-finish wall tile, and a shower enclosure with a frosted glass door Room featuring white ceramic tile flooring and two windows with horizontal blinds Room featuring ceramic tile flooring, neutral wall paint, and a built-in closet with dual paneled doors Ceramic tile flooring, double-door closet storage, ceiling fan with integrated lighting, and vertical window blinds Living area featuring ceramic tile flooring, a mounted ceiling fan, and a wall-mounted projection system Room featuring ceramic tile flooring, neutral wall tones, vertical window blinds, and a ceiling-mounted projector Living area featuring white ceramic tile flooring, dual-panel closet doors, a ceiling fan, and vertical window blinds Kitchen featuring white cabinetry, stainless steel appliances, dark countertops, mosaic tile backsplash, and ceramic tile flooring Tiled flooring, floor-to-ceiling mirrored wall, ceiling fan with integrated lighting, and horizontal sliding windows Dining area featuring a full-wall mirror, neutral floor tiling, and a ceiling fan with light fixture Kitchen featuring white cabinetry, stainless steel appliances, and tile flooring throughout Covered space featuring ceramic tile flooring, dual ceiling fans, and an exterior door with security bars Ceramic tile flooring, dual ceiling fans, wall-mounted ductless climate control unit, and multiple sets of paneled double-door closets Bathroom featuring floor-to-ceiling large-format tile with veining, pedestal sink, and wall-mounted mirror Ceramic tile flooring, white wall finish, and an exterior door providing outdoor access White vanity cabinet featuring a recessed sink, chrome faucet, and mirrored medicine cabinet Room featuring large-format tile flooring, a multi-blade ceiling fan with integrated light fixture, and a wall-mounted ductless air conditioning unit Built-in wooden cabinetry featuring brass-tone hardware and integrated wire shelving systems Ceramic tile flooring, ceiling fan, and window with horizontal blinds Additional content Backyard space featuring a metal frame gazebo, a lawn area, stone paver accents, and perimeter fencing Backyard space featuring a standalone storage shed, a metal-framed gazebo, and a stone-paver walkway Exterior patio area featuring a covered structure, shade canopy, and perimeter fencing Photo 45 Covered patio with a corrugated metal roof, enclosed by a white vinyl privacy fence and chain-link fencing Side yard featuring artificial turf and chain-link perimeter fencing Covered outdoor patio area featuring stone-clad support pillars, corrugated metal siding, synthetic turf flooring, and a permanent overhead shade canopy

Property Description
Duplex on an oversized 8,800 sq ft lot with huge upside. Two separate units, 9240 (3 bed/2 bath) and 9242 (3 bed/1 bath), plus an existing third structure with potential for an ADU or in-law quarters, subject to Miami-Dade approvals. Lots of room to expand, park, and add outdoor living. Great central location near Bird Road shopping, Olympia Heights Elementary, and the Palmetto Expressway, minutes from Coral Gables and FIU. Both units tenant occupied. A conceptual renovation plan built from County permit records is available. Renderings are an artist's concept of the planned renovation, not current condition. Flexible seller: seller financing, a joint venture, or a closing timed to permit approval will be considered. Showings by appointment only; please do not disturb tenants.

Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-11-09
Status: Active
Original List Price: 849000
List Price: $849,000
Current Price: $849,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 30
Postal Zip: 33165
Subdivision Number: 6
Flood Zone: X
Country: United States
Street Number: 9240
Street Direction Prefix: SW
Street Name: 40th
Street Suffix: Terrace
State Or Province: FL
Postal Code: 33165
Postal Code +4: 5201
Subdivision Name: ASCOT PARK
Area: 2400
Elementary School: Olympia Heights
Middle Or Junior School: Riviera
High School: Southwest Miami
Parcel Number: 3040210060360
Zoning: 5700
Directions: Bird Rd (SW 40 St) to SW 92 Ave, south to SW 40 Ter, west to property.
General Property Information
Number Of Units Total: 2
Adjusted Area Main: 2675
Living Area Main: 3217
Lot Size Dimensions: 8800
Parking Total: 2
Stories Total: 1
Pool Private YN: No
Property Sub Type: Duplex
Building Area Main: 3397
Year Built: 1958
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 11746
Tax Year: 2026
Tax Legal Description: 21 54 40 ASCOT PARK PB 53-99 LOT 5 & E4FT LOT 6 BLK 3 LOT SIZE 88.000 X 100 OR 20365-3060 04/2002 1
Office/Member Information
DXORIGMLSID: SEF
Flooring
Ceramic Tile: 1
Other: 1
Property Condition
Resale: 1
Special Information
Corporate Owned: 1
Documents Available
None: 1
Structure Type
Duplex: 1
Other Structures
Outbuilding: 1
Possession
Other: 1
Sewer
Septic Tank: 1
Utilities
Cable Available: 1
Heating
Central: 1
Separate Meters: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Conventional: 1
Owner Will Carry: 1
Lot Features
Oversized Lot: 1
Roof
Shingle: 1
Income and Expenses
Gross Income: 3700
Cooling
Central Air: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Tax Information
County Only: 1
Unit 1 Details
Actual Rent: 1600
Baths Full: 2
Beds Total: 3
Efficiency YN: No
Furnished: Unfurnished
Unit 1 Lease Description
Lease Term: Month To Month
Unit 1 Parking Details
Carport YN: Yes
Unit 2 Details
Actual Rent: 2100
Baths Full: 1
Beds Total: 3
Efficiency YN: No
Furnished: Unfurnished
Unit 2 Lease Description
Lease Term: Month To Month
Unit 2 Parking Details
Carport YN: Yes
Price Calculations
Current Price To SqFt: 263.91
Section Details
Parcel Number MLX: 0360
Status Change Information
Major Change Timestamp: 2026-11-09T05:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-11-10
Originating Details
Originating System Key: 570452744
Originating System ID: M00000151
Property Features
Documents Available: None
Flooring: Ceramic Tile; Other
Property Condition: Resale
Structure Type: Duplex
Construction Materials: Block
Cooling: Central Air
Heating: Central; Separate Meters
Listing Terms: Cash; Conventional; Owner Will Carry
Lot Features: Oversized Lot
Other Structures: Outbuilding
Possession: Other
Roof: Shingle
Sewer: Septic Tank
Special Information: Corporate Owned
Tax Information: County Only
Utilities: Cable Available
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent

IDX
Listing Office: M & M Real Estate Brokerage
Source MLS Verified

Last Updated: November - 10 - 2026

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