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Waterfront · Single Family Residence
$594,900$240 / sqft
22121 SW 87th Place, Cutler Bay FL 33190
Listed
4
Bedrooms
3
Bathrooms
2,476 sqft
Interior
2004
Year built
$108 / mo
HOA
Single Family Residence
Type
About this home
Beautifully situated in the prestigious gated Enclave at Isles at Bayshore! This two-story residence in Lakes by the Bay Kaye offers 2,476 square feet of living space with four bedrooms and three bathrooms. Set on waterfront property, the home combines comfortable scale with thoughtful layout. The two-car garage provides practical storage and covered parking. Located in Cutler Bay, this single-family home presents an opportunity to own a waterfront property with ample room for your lifestyle and needs. Community amenities including resort style pool and modern gym. The community includes a Lakefront clubhouse and more! Conveniently located with easy access to major roads, shopping, dining, local schools, and parks. Schedule your appointment today! convenient first-floor bedroom and full bathroom, perfect for guests or multi-generational living.
Features
- Other
- Family Room
- Water
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,116
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $3,008
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.