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11060 SW 196th St # 514, Cutler Bay FL 33157

Condo/Co-op Active With Contract
$198,000

BTC: 2.60526316

ETH: 79.20000000

-$12K (2026/07/07)
174 days
2 bds
2 ba
809 sqft

Overview

PRICE FIRM. Turnkey investment opportunity competitively priced within Cutler Bay! This well-maintained 2BD/2BA unit comes with an excellent tenant already in place with a lease signed until July 31st, 2027 allowing you to start generating income from day one. Strategically located near a major billion-dollar commercial and residential development underway across US-1 (formerly Southland Mall), positioning this property for strong future appreciation and increased rental demand. In-unit washer/dryer and corner balcony is a rental perk for Tenants. Can lease immediately upon closing with a 1-year minimum in place. Condominium has a mini market, laundry facilities, basketball courts, pool, security patrol, and TV monitored at building entrance.

Location

Florida • Cutler Bay • 33157 • Condo/Co-op • Active With Contract

Details

Type:
Residential
Parking:
1 Space / Assigned / Guest
Year Built:
2005
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$245
Cooling:
Central Air / Electric
HOA:
$665

Valuation

Our model vs. what's actually selling nearby.
Estimate
$210,000
$144K – $272K
Confidence Low
List vs. estimate
$12K below estimate
List $198,000 · -5.7%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$244
-11.6% vs. city median $276
Based on
81 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $198K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,531
2025
HOA
$665/mo
View
Garden View, Other View
Pets
Not allowed
All facts and features

  • Flooring

    • Tile

    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: West Of Us1 / Open Balcony

    Other Property Information

    • Parcel Number: 30-60-06-057-1890

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $665

    • HOA Frequency: Monthly

    • Annual tax amount: $2,531

  • Source details

    • MLS ID: A11989522

    Other facts

    • Construction Materials: CBS Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Clear Impact Glass / Impact Glass / Verticals

    • Architectural Style: Corner Unit / Garden Apartment

    • Living Area: 809

    • Subdivision Name: PARADISE POINTE CONDO,Paradise Pointe

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33157
270
median $732K
Active
Same city
Cutler Bay
262
median $597K
Active
Same type
Condo/Co-op
51
median $265K
Active
Similar price
$138K – $257K
27
median $220K
Active

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