Market Analysis · March 2026
Prepared exclusively for
Suhail & Maritza Zachariah
6005 SW 64th Place
South Miami, FL 33143
Merion Park · Single Family Residence
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I'm a full-time real estate professional based in Coral Gables, proudly serving the greater Miami and Miami Beach area. I specialize in luxury homes, new construction, relocations, and income-producing investment properties — with a deep focus on helping clients make smart, strategic decisions that align with their lifestyle and financial goals. Licensed since 2018, I combine deep local market knowledge with a modern, data-driven approach and a marketing engine that puts your home in front of the right buyers, at the right time.
The following comparable sales and active/pending listings represent the most relevant recent market activity in South Miami (33143). Because the subject property has significant mechanical upgrades but unknown interior condition, we've organized comps into two groups: fully renovated homes and homes that needed work — giving you a clear picture of where your home sits and how presentation will affect the outcome.
| Property | Condition | Bed/Bath | Sqft | List Price | Sold Price | DOM | Notes |
|---|---|---|---|---|---|---|---|
| Subject 6005 SW 64th Pl | Major upgrades (interior TBD) | 3 / 2 | 1,900 (MLS) / ~2,418 total | — | — | — | New roof, AC, solar, impact windows |
| 6320 SW 62nd Ter | Renovated | 4 / 3 | 1,918 | $1,650,000 | $1,560,000 | 103 days | No pool, full reno inside & out. MLS #A11912335 |
| 5955 SW 64th Ave | Renovated | 3 / 2 | 1,819 | $1,550,000 | $1,550,000 | 11 days | Pool, turnkey, ~10,000 sqft lot. MLS #A11917549 |
| 6380 SW 63rd Ave | Renovated | 3 / 2 | 1,366 | $1,349,000 | $1,325,000 | 27 days | Pool + casita, turnkey. MLS #A11897140 |
| Property | Condition | Bed/Bath | Sqft | List Price | Sold Price | DOM | Notes |
|---|---|---|---|---|---|---|---|
| 6501 SW 65th St | Basic Updates | 3 / 2 | 1,720 | $1,199,000 | $1,200,000 | 15 days | No pool, 2-car garage, impact windows, basic kitchen/bath updates. MLS #A11857197 |
| 5965 SW 64th Place | Dated | 4 / 3 | 1,676 | $1,250,000 | $1,045,000 | 173 days | Pool (dated), impact windows, possible uncounted sqft. Very dated interior. MLS #A11787623 |
Whether you're selling for the first time or the fifth, having a clear picture of what's ahead puts you in control. Here's what to expect from listing day through closing.
A staging consultation, decluttering recommendations, minor repair suggestions, and scheduling professional photography. The goal: your home looks its absolute best before a single buyer steps through the door.
Your listing goes live on the MLS and every major portal. Social media campaign launches, email blasts go out, direct mailers are sent, and paid digital advertising begins targeting qualified buyers.
Qualified buyers schedule private showings. You'll receive weekly feedback reports and market updates. We track showing activity and buyer interest in real time.
Every offer is reviewed in detail — price, terms, contingencies, financing strength, and closing timeline. I'll advise on counter-offer strategy and evaluate multiple offers side-by-side.
Once an offer is accepted, both parties sign. The buyer submits their escrow deposit (typically 3%) within 3 business days. All property disclosures are delivered and contingency periods begin.
Florida contracts include a 10–15 day inspection period. The buyer's inspector evaluates the property and any repairs or credits are negotiated. The lender orders an appraisal simultaneously.
The title company conducts a full title search, issues a title commitment, and prepares the closing disclosure — showing you a full breakdown of all credits, debits, and your net proceeds.
Both parties sign at the title company. Buyer's funds are wired, all parties are paid, and the deed transfers. Once funding is confirmed, you hand over the keys. Congratulations — you've closed.
The right list price depends on one key variable we'll confirm when Jose walks through the home: the interior condition. The mechanicals are excellent — new roof, new AC, solar panels, impact windows — which significantly de-risks the purchase for any buyer. What we need to determine is where the interior finishes fall on the spectrum. Below are the two most likely scenarios.
If the interior is in good condition — the home can compete directly with the renovated comps. However, today's buyers are not just looking for "updated." They want turnkey: a move-in ready home with an open floor plan, a modern kitchen with current finishes, and bathrooms that feel new, not dated. The renovated bathrooms are a plus — but presentation matters. The mechanical upgrades (roof, AC, solar, impact windows) give this home a compelling edge; what seals the deal at the top of this range is whether the interior matches the expectation of a buyer willing to pay $1.5M.
If the interior is dated or needs significant updating, buyers will factor in renovation costs. However, the new roof, AC, solar, and impact windows remove the expensive unknowns — buyers know exactly what they're getting into, which supports a strong price even in this scenario.
The largest buyer segment — roughly 40% of the market — searches 5–10% below asking price. Pricing at market means your home shows up in their searches from day one. Overpricing pushes you out of that pool entirely, and every week on market chips away at perceived value. With a flexible timeline, you have the luxury to price strategically — not desperately.
Commission is 6% total. Based on Miami-Dade public records, the property appears to be owned free and clear (purchased in 1992, 30-year mortgage would be paid off). No mortgage payoff has been included — please confirm with your lender if any balance remains.
| Sale Price | $1,300,000 |
| Less: Commission (6%) | –$78,000 |
| Less: Doc Stamp Tax (~1.05%) | –$13,650 |
| Less: Title Insurance | –$6,500 |
| Less: Title / Settlement Fees | –$1,750 |
| Less: Prorated Taxes (½ year) | –$1,250 |
| Less: Mortgage Payoff | $0 * |
| Estimated Net to Seller | ~$1,198,850 |
* Assumed free & clear — confirm with lender.
| Sale Price | $1,550,000 |
| Less: Commission (6%) | –$93,000 |
| Less: Doc Stamp Tax (~1.05%) | –$16,275 |
| Less: Title Insurance | –$7,400 |
| Less: Title / Settlement Fees | –$1,750 |
| Less: Prorated Taxes (½ year) | –$1,250 |
| Less: Mortgage Payoff | $0 * |
| Estimated Net to Seller | ~$1,430,325 |
* Assumed free & clear — confirm with lender.
Florida has no state income tax. Federal capital gains may apply — consult your CPA. If the home qualifies as your primary residence (lived in 2 of the last 5 years), you may be eligible to exclude up to $500,000 in gains (married filing jointly) under IRS §121.
Miami-Dade documentary stamp tax note: The transfer tax is approximately $1.05 per $100 of sale price (state $0.60 + county surtax $0.45) — much higher than the $3–5k figure sellers often hear.
The gap between Scenario A ($1,430,325 net) and Scenario B ($1,198,850 net) is approximately $231,000. This is why the interior walkthrough matters — it will determine which of these scenarios applies and lock in your pricing strategy. Every dollar invested in interior presentation before listing has an outsized return at the closing table.
Suhail & Maritza — here's what happens next. From signed agreement to sold — every step handled with precision, transparency, and your goals at the center. California is waiting.
Jose tours the home to confirm interior condition, finalize the pricing scenario, and identify any quick wins before listing.
Listing agreement signed, pricing confirmed, photography scheduled, and full marketing campaign activated — all within days.
I handle every offer, every negotiation, every detail — from accepted offer to keys exchanged and proceeds wired.