198 TERRACE PLAT

5575 SW 198th Ter, Southwest Ranches FL 33332

6 beds · 4.5 baths · 6,139 ft²

Closed

$2,999,000

14.31%

Est. Payment $15,962/mo

MLS Sheet Video

Bedrooms

4.5

Bathrooms

6,139

Sq. Ft.

1996

Year Built

Garage

180

Days on Market

Description

Discover a truly unique property in exclusive Southwest Ranches. This two-story home is a perfect blend of luxury, convenience and excellent investment potential. Enjoy the freedom to personalize your property without any HOA restrictions. Embrace sustainable living and lower energy costs with solar panels, 4-year roof, 3-year A/C and 2-year old water heater. This home is situated right in front of a home that sold for $4,500,000, it offers a promising investment opportunity. Property includes spectacular curb appeal, 6 beds with 4.5 baths, in-laws quarters, 3-car garage, spacious driveway, outdoor kitchen and large back patio, fit for large gatherings and entertaining guests. Whether you're seeking a personal haven or a sound investment for your portfolio, this gem checks all the boxes.

Facts

MLS#: A11421191
Subdivision: 198 TERRACE PLAT
Property Type: Residential
Property Sub Type: Single Family Residence
Year Built: 1996
Lot Size: 95,467 ft²
Sq. Ft.: 6,139 ft²
Sq. Mt.: 570 m²
Price per sq. ft.: $489/ft²
Price per sq. mt.: $5,261/m²
Stories: —
Garage: 3 spaces
Pool: —
Days on Market: 180 days
Listed: Jul 21, 2023
Last Updated: Jan 29, 2024
Price/Lot Sq.Ft.: $31/ft²

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Market insights for Southwest Ranches

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

1/29/2024	Sold	$2,999,000
8/21/2023	Price change	$2,999,000-14.3%
7/21/2023	Listed for sale	$3,500,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

5575 SW 198th Ter, Southwest Ranches FL 33332Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

A.D. Henderson University School & Fau High School
KG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 0.4 mi
Boca Raton Community Middle School
6,7,8 · public · 0.7 mi
Boca Raton Middle Adult Education Center
UG · public · 0.7 mi
Boca Raton Christian High School
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.7 mi
Boca Raton Christian School
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.7 mi
St Paul Lutheran School
PK,KG,1,2,3,4,5,6,7,8 · private · 0.7 mi
The French International School of Boca Raton Le Petit Prince
PK,TK,KG,1,2,3,4,5,6,7 · private · 0.7 mi
Boca Raton High Adult Education Center
UG · public · 0.8 mi
Boca Raton Community High School
9,10,11,12 · public · 0.9 mi
Children's House Of Boca Raton
PK,KG · private · 0.9 mi

Estimated Monthly Payment

$18,611/mo

Principal & Interest

$15,962

Property Tax

$2,499

Insurance

$150

HOA

Down Payment20% ($599,800)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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