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11040 SW 196th St # 208, Cutler Bay FL 33157

Condo/Co-op Active With Contract
$199,500

BTC: 3.11962471

ETH: 104.85430770

-$10K (2026/07/01)
127 days
2 bds
2 ba
914 sqft

Overview

PRICE FIRM. NO CONCESSIONS. Turnkey Corner Unit Investment in Cutler Bay! Slightly larger 900 sq ft corner income-producing 2-bed/2-bath unit with a great tenant in place! Contract thru August 31, 2026 with desire to extend. This well-maintained unit features new flooring, stainless steel appliances, and an in-unit washer and dryer, making it highly desirable for long-term tenants. The corner layout offers added privacy and natural light, while the private balcony enhances rental appeal. Located in a strong rental market, in a growing area ideal for investors seeking immediate cash flow and long-term appreciation.

Location

Details

Type:
Residential
Parking:
1 Space / Assigned / Guest
Year Built:
2005
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$218
Cooling:
Central Air / Electric
HOA:
$665

Valuation

Our model vs. what's actually selling nearby.
Estimate
$234,500
$158K – $292K
Confidence Low
List vs. estimate
$35K below estimate
List $199,500 · -14.9%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$218
-21.3% vs. city median $277
Based on
38 MLS comparables
+ 27 public-records sales within 0.5 mi
Median actual sale: $170K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,654
2025
HOA
$665/mo
View
Garden View
Pets
Not allowed
All facts and features
  • Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Electric Range

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Pantry

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 1 Space

    • Assigned

    • Guest

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 30-60-06-057-0280

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $665

    • HOA Frequency: Monthly

    • Annual tax amount: $2,654

  • Source details

    • MLS ID: A11990207

    Other facts

    • Construction Materials: CBS Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Blinds

    • Architectural Style: Corner Unit

    • Living Area: 914

    • Subdivision Name: PARADISE POINTE CONDO,Paradise Pointe

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Miami Properties Int'l Corp