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Waterfront · Single Family Residence
$865,000$374 / sqft
16020 SW 42nd Ter, Miami FL 33185
Listed
4
Bedrooms
3
Bathrooms
2,314 sqft
Interior
2000
Year built
None
HOA
Single Family Residence
Type
About this home
Discover waterfront living with the flexibility you need in Park Lakes by the Meadows, with no HOA. This beautifully maintained 4-bedroom, 3-bath, two-story home features a first-floor bedroom and full bath, ideal for guests, multigenerational living or a home office. High ceilings and formal living and dining areas complement an open kitchen, breakfast nook and family room overlooking tropical landscaping, a fountain and tranquil water views. With 2,314 sq ft of living area, the layout offers inviting spaces to gather and room for privacy. Upstairs, the spacious primary suite enjoys water views and two walk-in closets. Its bath features dual sinks, a soaking tub, separate shower and private toilet/bidet area. Generously sized secondary bedrooms and a Jack-and-Jill bath add everyday convenience. Tile flooring on the first floor and in the bathrooms pairs with Berber carpet on the stairs and upstairs. Entertain outdoors with a covered patio, outdoor kitchen and BBQ beneath a trellis, all set within a lush, fully fenced backyard with gates. Accordion shutters, a black barrel-tile roof with gutters and a 2-car garage complete the home. Built in 2000 on a 6,000 sq ft lot, this residence brings together waterfront scenery, versatile spaces and exceptional outdoor living. Priced to sell. Schedule your private tour today.
Features
- First Floor Entry
- Built-in Features
- Entrance Foyer
- French Doors
- Laundry Tub
- Family Room
- Florida Room
- Built-In Grill
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 4-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,800–$9,500.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.