ActivePhoto 1 of 21
Listed
2.28 Acre development opportunity east of US-1 next to Palmetto Bay in Cutler Bay. This site provides an exceptional setting for a new custom estate, with ample space for a detached guest house, resort-style pool and landscaped grounds. This opportunity, just off scenic Old Cutler Rd, offers endless potential build, develop, or enjoy as-is. See video of a rendering illustrating just one possible vision for the property's future development. Next to Palmer Trinity Private School, close to Black Point Marina, The Falls, Southland Mall, Deering Bay Estates, parks, and US-1 for easy access to Miami and the Florida Keys. The lush lot, filled with mature mango trees, includes a 2,635 SF home featuring 4 bedrooms and 2 bathrooms, plus a detached office/flex room, gym room, and detached storage space, ready for your vision. The property has two entrances front and back, one on SW 184 St and another on SW 184 Ln. Large parcels like this in such a prime location are hard to find.
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,000.That is what landlords ask, not what units let for — edit it if you know better.
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.
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Request a private or video tour with a local agent.