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Located in the highly desirable South Miami / Coral Gables corridor, 6874 SW 57th Terrace is a fully renovated Mediterranean residence offering privacy, scale, and true turnkey living just minutes from the University of Miami, top private schools, dining, shopping, and major Miami conveniences. Set on a prominent corner lot with no HOA, the home features 14-foot ceilings, marble flooring, impact windows and doors, generous entertaining spaces, and a seamless indoor-outdoor layout. The property has been extensively upgraded throughout, with thoughtful improvements across both the interior and exterior. The backyard is designed for year-round Miami living, featuring a newly constructed pool and spa, covered outdoor kitchen with pergola, outdoor shower, sport court, lush landscaping, upgraded lighting, and newly added perimeter walls and gates that create a strong sense of privacy. Inside, the residence offers renovated bathrooms, refinished marble floors, professional-grade appliances, custom built-ins, integrated Sonos audio, smart home technology, and a spacious primary suite with dual walk-in closets overlooking the backyard. Additional upgrades include new HVAC systems, sauna, enhanced security and camera systems, MyQ garage integration, upgraded electrical, and a rare three-car garage. With five bedrooms and three and a half bathrooms, 6874 SW 57th Terrace is a move-in ready opportunity in one of Miami’s most convenient and sought-after residential pockets.
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Our Executive Mortgage Banker:
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$3,495,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,796,000 | $2,796,000 | $2,796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.121% | 6.183% |
| Monthly Tax Payment | $2,458 | $2,458 | $2,458 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,317 | $16,763 | $23,594 |
| Total Monthly Payment | $18,900 | $19,346 | $26,177 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.