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Single Family Residence
$980,000$492 / sqft
16101 SW 87th Ct, Palmetto Bay FL 33157
Listed
4
Bedrooms
2
Bathrooms
1,992 sqft
Interior
1968
Year built
None
HOA
Single Family Residence
Type
About this home
Bring your vision and finish creating your dream home! This north facing Palmetto Bay home offers 4BR/2BA and tremendous potential on an oversized 15,525 SqFt corner lot with many significant improvements completed and more underway. Major upgrades include a 2024 metal roof, double-strapped to the walls with filtered gutters; impact windows & doors with upgraded extra thick glass(final installation scheduled Oct. 2026); Accordion shutters on the east patio side and south backyard pool area, air handler installed in 2023 and a 5-ton A/C compressor installed in 2024. An impressive 45ft x 16ft vaulted covered patio on the east side with cedar tongue-and-groove ceiling and substantial concrete columns creates an exceptional outdoor living space. On the south private fenced back yard enjoy the daily sun-filled Catalina pool with four built-in planters. Recently painted, Mexican tile floors, lath & plaster walls and ceilings, a large living room, a formal dining room, and a kitchen with all wood cabinetry, exotic granite countertops with full backsplash, a stainless-steel sink with a high-end faucet,all contribute to a rich decor. The enlarged 2-car garage adds to the ample room for a boat, camper or additional vehicles. Mature Royal Poinciana, Live Oaks, Ironwoods, Green Buttonwoods, Spanish Caper, lychee, and mango trees enhance this special property. A true Diamond in the Rough—complete the transformation and make it your own!
Features
- First Floor Entry
- Stacked Bedroom
- Family Room
- Garden
- Pool
Location
Approximate — shows the building, not the unit. Open in maps
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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.
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Repairs, turnover, management
Cap rate
Cash-on-cash
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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.