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Waterfront · Single Family Residence
$1,199,000$472 / sqft
16220 SW 88th Ave Rd, Palmetto Bay FL 33157
Listed
4
Bedrooms
2
Bathrooms
2,542 sqft
Interior
1969
Year built
None
HOA
Single Family Residence
Type
About this home
Welcome to this spacious canal-front residence situated on an oversized 15,625-square-foot lot in desirable Palmetto Bay. Offering approximately 3,080 square feet of living space with 4 bedrooms and 3 bathrooms, this single-story home combines generous interior spaces with the indoor-outdoor lifestyle South Florida is known for. The home features formal living and dining areas, a large family room, and an inviting kitchen with counter seating that opens into the main living spaces, creating a comfortable layout for both everyday living and entertaining. The private primary suite overlooks the canal and includes a charming window seating area, while the additional bedrooms offer plenty of space for family, guests, or a home office. Outside, an extended covered patio opens to a private swimming pool, lush fenced yard, and wide canal views, creating a peaceful setting for entertaining or relaxing by the water. Additional features include a two-car side-entry garage, wood flooring, central A/C, and ample driveway parking. Located in the heart of Palmetto Bay with convenient access to parks, schools, shopping, dining, and major roadways, this property offers a rare combination of space, waterfront living, privacy, and location. Some photos have been virtually staged or AI-enhanced for illustrative purposes.
Features
- First Floor Entry
- Attic
- Family Room
- Other
- Canal
- Pool
Location
Approximate — shows the building, not the unit.
Run the numbers
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 4-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,800–$9,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
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.