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Waterfront · Single Family Residence
$659,000$371 / sqft
20922 SW 88th Pl, Cutler Bay FL 33189
Listed
3
Bedrooms
3
Bathrooms
1,774 sqft
Interior
2004
Year built
$35 / mo
HOA
Single Family Residence
Type
About this home
Waterfront living in Cutler Bay! Welcome to this beautifully updated three-bedroom, two-and-a-half-bath home featuring a versatile extra room—ideal for a home office, playroom, gym, media room, or pet space. The bright, open-concept layout offers beautiful flooring throughout and a renovated kitchen with striking exotic marble, stainless-steel appliances, and an oversized waterfall island that serves as both a stunning centerpiece and an inviting space for entertaining. Step outside to an expansive waterfront backyard with open-water views and plenty of room to enjoy the South Florida lifestyle. Boating enthusiasts will appreciate the space available for a boat and trailer, with Black Point Marina and its boat ramps just minutes away. Enjoy outdoor gatherings, peaceful mornings by the water, and beautiful sunsets from your own backyard.
Features
- First Floor Entry
- Walk-In Closet(s)
- Family Room
- Lighting
- Lake
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,367
Loan payment and HOA only. Property tax and insurance are significant here and are included.
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 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.
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.