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Single Family Residence
$749,000$301 / sqft
8284 SW 205th Ter, Cutler Bay FL 33189
Listed
5
Bedrooms
3
Bathrooms
2,489 sqft
Interior
1973
Year built
$47 / mo
HOA
Single Family Residence
Type
About this home
Welcome to this spacious 5-bedroom, 3-bathroom home in the desirable Saga Bay community of Cutler Bay. Situated on an oversized approximately 9,450 SF lot, this well-appointed one-story residence offers a private in-law/guest area, an inviting floor plan with generous living and dining spaces, an updated kitchen, remodel bathroom, new A/C and exceptional flexibility for today’s lifestyle. The private in-law/guest area has its own entrance and bathroom which provides an ideal option for extended family, guests, rent, or additional living space. French doors open to a large patio overlooking a fully fenced backyard with landscaping and fruit trees, creating a peaceful setting for outdoor enjoyment and entertaining. Space to park a boat. Conveniently located near Black Point Marina, parks, recreation, shopping, dining, and major roadways.
Features
- First Floor Entry
- French Doors
- Garage Converted
- Separate Guest/In-Law Quarters
- Lighting
- Fruit Trees
- Room For Pool
- None
Location
Approximate — shows the building, not the unit. Open in maps
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.