David Ramirez
$20,000$25,0005 bd5.5 ba5,461 sqft$4 /sqft$305 /mo all-in ↓

9240 SW 140th St, Miami FL 33176, MIAMI, FL, 33176

Active118 days on marketListed Apr 15, 2026MLS #A12001010

Priced 92% below the MIAMI 33176 medianReduced $5KWaterfrontPrivate poolSingle Family ResidenceLakeshore

About this home

9240 SW 140th St, Miami FL 33176

Welcome to this spectacular waterfront estate on E-Lake (Lake Lennar), one of Palmetto Bay’s most coveted lakefront communities. Offering 7,897 square feet of luxurious living space, this exceptional 5-bedroom, 5-bath residence combines elegant design, resort-style amenities, and direct access to one of Miami’s premier recreational lakes. Set on a prime waterfront lot with its own private dock, the property offers the opportunity to enjoy boating, jet skiing, kayaking, paddleboarding, and other water activities right from your backyard. Conveniently located just behind The Falls shopping center, residents enjoy easy access to dining, shopping, parks, top-rated schools, and major roadways. Inside, a dramatic two-story foyer welcomes you with a grand staircase, custom iron railings, soaring ceilings, and abundant natural light. The gourmet kitchen is designed for both everyday living and entertaining, featuring granite countertops, a large center island, premium stainless steel appliances, custom cabinetry, and a statement chandelier. The kitchen opens seamlessly to the spacious family room and main living areas. The luxurious primary suite offers a private retreat with a spa-inspired bath featuring dual vanities, an oversized walk-in shower, and elegant custom finishes. Generously sized secondary bedrooms and living spaces provide comfort and flexibility for family and guests. Step outside to your own private waterfront oasis. The backyard features a sparkling pool and spa, covered terrace, full outdoor kitchen with grill and sink, lush tropical landscaping, and tranquil lake views. Whether enjoying sunset cruises from your private dock or entertaining poolside, this property embodies the very best of South Florida waterfront living. Additional highlights include a 3-car garage, high-end finishes throughout, and an unbeatable location in the heart of Palmetto Bay.

Facts & features

The home at a glance

5

Bedrooms

5.5

Bathrooms

5,461

Sqft

3

Garage

2009

Year built

$4

Per sqft

Private poolWaterfrontLake & Water view

Inside

FlooringMarble
AppliancesDishwasher · Disposal · Dryer · Ice Maker · Microwave · Electric Range · Refrigerator · Washer
InteriorCloset Cabinetry · Cooking Island · Pantry · 3 Bedroom Split · Walk-In Closet(s) · Den/Library/Office · Family Room · Florida Room · Foyer
CoolingCentral Air · Electric

Outside & construction

RoofShingle
ConstructionConcrete Block With Brick · CBS Construction
ViewLake · Water
FacesNorth
ParkingDetached Carport · 2 Spaces · Circular Driveway · Parking Garage
ExteriorBarbeque · Open Balcony

Community & fees

PetsRestrictions Or Possible Restrictions

Utilities & systems

WaterMunicipal Water

The numbers

What it really costs

Principal and interest plus estimated taxes and insurance. Run your own numbers below.

$305 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$118
FHA mortgage insurance (est.)$9
Est. property taxes (1.1%/yr)$18
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $700Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesEstimated at 1.1%/yrInsuranceFlorida estimate

FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type
Down payment3.5% · $700
Interest rate6.00%
Loan term

Estimated payment

$305/mo

Principal & interest$118
FHA mortgage insurance (est.)$9
Est. property taxes$18
Est. insurance$160

Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

$/sqft vs Miami actives

$4 vs $513

Days on market

118 vs 66 typical

Where $4/sqft sits among the 400 Miami actives

53 · this home
155
91
40
25
36
$4–266$266–528$528–791$791–1053$1053–1316$1316+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Miami

Map of 9240 SW 140th St, Miami FL 33176

Get to know Miami. See the full Miami guide →

MIAMI 33176 — neighborhood snapshot

Population

52,190

Median age

41.3

Median income

$80,437

Median home value

$568,400

Avg household

2.7

Households w/ children

5,601

For the school run

Dade County School District

ElementaryLeewood K-8 Center★★★★
HighMiami Killian Senior High School★★★★★
MiddlePalmetto Middle School★★★★
Instructional Center System Wide
Title I Migrant Education Program
District Instructional Center (Dic)

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Miami market

Seller’s marketLeans buyer18.3 months of inventoryBuyer’s market

$508K$590K

Miami median sold, yr/yr

97.6%

Sale-to-list ratio (12 mo)

36 of 400

Miami actives have cut their price

Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 92% below the MIAMI 33176 median. See the full Miami market guide →

Paper trail

This home's history

CurrentPrice reduced to $20,000 $5K
Apr 15, 2026Listed at $25,000 · 118 days on market since
2009Built · Lakeshore

Reality check

What actually sold near 9240 SW 140th St

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

12122 GRAND OAK LANESold · Feb ’26

$340,000

12122 GRAND OAK LANE · same community

3 bd · 3 ba · 1,367 sqft · $249/sqft · 39 DOM

9404 LAKESHORE DRIVESold · Sep ’25

$379,000

9404 LAKESHORE DRIVE · same community

3 bd · 2 ba · 1,296 sqft · $292/sqft · 27 DOM

12040 LAKESHORE WAYSold · Mar ’26

$234,900

12040 LAKESHORE WAY · same community

2 bd · 2 ba · 1,085 sqft · $216/sqft · 152 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 9240 SW 140th St — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 9240 SW 140th St — before you fall in love.

See it in person

Schedule a tour

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Straight answers

9240 SW 140th St FAQs

What would the monthly payment be for 9240 SW 140th St, Miami FL 33176?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $305/mo — principal and interest, estimated property taxes and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

Are pets allowed at 9240 SW 140th St, Miami FL 33176?+

The listing reports pets: Restrictions Or Possible Restrictions. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Miami?+

At $20,000, this home is listed about 97% below the Miami median of $610,000. The market section on this page shows how the area is trending.

Which schools are assigned to 9240 SW 140th St, Miami FL 33176?+

Leewood K-8 Center (elementary), Miami Killian Senior High School (high), Palmetto Middle School (middle), Instructional Center System Wide (), Title I Migrant Education Program (), District Instructional Center (Dic) () — Dade County School District. Always verify school assignments with the district before relying on them.

The brief

Four things that matter here

01Under the MIAMI 33176 market on paper

$20,000 is 92% below the MIAMI 33176 median of $244,950, and at $4/sqft it sits under the Miami average of $651.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Strong assigned schools

Leewood K-8 Center, Miami Killian Senior High School, Palmetto Middle School, Instructional Center System Wide, Title I Migrant Education Program, District Instructional Center (Dic) — Leewood K-8 Center rates 4 of 5. Always verify assignments with the district.

04The price has already moved

Listed at $25,000, now $20,000 — a $5K cut. The full history is in the market section below.

Listing courtesy of Cervera Real Estate Inc. · Yovani Garcia. MLS #A12001010.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.

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