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Single Family Residence
$2,399,000$670 / sqft
17640 Old Cutler Rd, Palmetto Bay FL 33157
Listed
5
Bedrooms
4
Bathrooms
3,582 sqft
Interior
1979
Year built
None
HOA
Single Family Residence
Type
About this home
Priced below Bank Appraisal! The perfect entertaining home is looking for it's new owner! One of a kind gated on historic Old Cutler Road in Palmetto Bay. Builders Acre, five bedrooms & three & a half bath Luxury Home. Amenities include you're own private pickle ball/tennis court, "lifetime" metal roof, two fire pits, heated pool/spa as well as "pool chiller" for those hot summer days! Outdoor mosquito SWAT system, room for boat/RV parking, full outdoor kitchen, Complete energy efficient Impact windows & doors (including sky lights), two brand NEW 5-ton A/C units just installed with 10-year warranty that transfers to new owner, full indoor bar with icemaker, renovated bathrooms, eat-in chef's kitchen including double ovens, double microwaves, Fisher & Paykel high BTU gas cooktop, stainless appliances, breakfast nook and pantry. Actual living square footage measures 4018 much larger than tax roll. Formal living and dining room, fireplace and giant media room for game day! Recent bank appraisal upon request. Four photos have been virtually staged.
Features
- First Floor Entry
- Bar
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Skylight
- Family Room
- Media Room
- Built-In Grill
- Tennis Court(s)
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 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $5,000–$20,000.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.