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Single Family Residence
$749,200$331 / sqft
10198 SW 203rd Ter, Cutler Bay FL 33189
Listed
3
Bedrooms
2
Bathrooms
2,266 sqft
Interior
1968
Year built
None
HOA
Single Family Residence
Type
About this home
Welcome to 10198 SW 203rd Ter, an inviting 3-bedroom, 2-bathroom residence situated on an expansive corner lot in the heart of Cutler Bay. Flooded with natural light, the interior boasts a spacious, open-concept layout that seamlessly connects the living room, dining area, kitchen, and dedicated gathering room—creating a flow for everyday living and entertaining. The primary suite serves as a private retreat, featuring an en-suite bath complete with a separate walk-in shower and a jetted Jacuzzi tub. Designed for complete peace of mind and insurance savings, the home is fully equipped with impact-resistant windows and doors throughout, complemented by a large covered and screened Florida room further protected by accordion shutters. Step outside into the oversized, fenced backyard, a tropical oasis featuring three mango trees and a soursop tree that are effortlessly maintained by a 2-zone sprinkler system with a Rain Bird App, WiFi-controlled via your phone. The yard offers plenty of room to design a custom pool, store outdoor gear in the utility shed, or take advantage of the corner lot's potential for boat or RV parking. Ideally located just four blocks from the Florida Turnpike for a quick commute, this property puts you minutes from Southland Mall, local dining, Black Point Marina, scenic neighborhood parks, and Cutler Bay’s highly regarded public and charter schools. Check the 360/3D Tour. Must see!
Features
- First Floor Entry
- Family Room
- Utility Room/Laundry
- Lighting
- Garden
Leasing
- Minimum lease
- Not stated
- Ok To Lease
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–$5,100.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.