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Waterfront · Single Family Residence
$799,900$271 / sqft
16062 SW 43rd Ter, Miami FL 33185
Listed
5
Bedrooms
4
Bathrooms
2,947 sqft
Interior
2001
Year built
$180 / mo
HOA
Single Family Residence
Type
About this home
HUGE lakefront home located in Melrose Landing, a gated community with security, private roads, and a beautiful central lake. This 2-car garage home is a well-designed residence that offers 5 bedrooms and 4 bathrooms, including one bedroom and a full bath on the main level, ideal for guests or multigenerational living. The home features a double-height formal living room, a formal dining area, and a spacious open kitchen with granite countertops, ample cabinetry, and stainless steel appliances. The kitchen opens directly to a large family room, creating a functional layout for everyday living and entertaining. Tile flooring runs throughout the main living areas, and laminate flooring on the second floor. The home is filled with natural light from windows positioned to capture peaceful lake views. Multiple living spaces provide flexibility for a home office, media room, or additional gathering areas. The backyard offers a tranquil lakefront setting with mature trees and direct access to a walking path along the water, perfect for relaxing or enjoying sunsets. Additional features include a covered entry, a two-car garage, and convenient access to shopping, dining, top-rated schools, and major highways. ** PRICED TO SELL **
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Entrance Foyer
- Pantry
- Vaulted Ceiling(s)
- Volume Ceilings
- Walk-In Closet(s)
- Family Room
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $5,000–$20,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.