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7571 SW 148th Ter, Palmetto Bay FL 33158
About this home
Rare opportunity to own a meticulously maintained canal-front home in Old Cutler Cove, one of the few gated communities in Palmetto Bay with low HOA fees. Ideally situated on a cul-de-sac, directly across from Coral Reef Park, this property offers exceptional privacy with no rear neighbors and a 20,313 square foot lot with ample room to design and build your custom waterfront pool. French doors in the primary suite, living room and kitchen lead out to the tranquil backyard with picturesque canal views. Neighbors enjoy fishing, paddleboarding and small watercraft in the navigable canal. This move-in-ready home features 4 bedrooms, 2.5 baths, vaulted ceilings, tile flooring, abundant natural light and a coveted split bedroom plan. Recent upgrades include new electrical panel and conduit, digital irrigation system, face and fingerprint recognition smartlock, Nest thermostat, under sink RO system, custom closets, plantation shutters, aluminum fencing and brand new combo washer/dryer. Ideally located near the “A” rated Coral Reef Elementary school, neighborhood parks and the popular local farmer’s market. This exceptional home offers serene water views, modern conveniences, and unparalleled privacy.
Features
- First Floor Entry
- Entrance Foyer
- French Doors
- Roman Tub
- Split Bedroom
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- No Additional Rooms
- Lighting
- Room For Pool
- Canal
- Garden
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $7,074
- HOA
- $163 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.