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7950 SW 196th Ter, Cutler Bay FL 33189
About this home
Welcome to this stunning elevated corner home in Cutler Bay featuring soaring 10-foot ceilings, a spacious 2-car garage, and a sparkling private pool, all sitting on a desirable corner lot that offers extra privacy and a side entrance with plenty of room to store your boat. The expansive backyard is perfect for entertaining, and as a resident you'll enjoy exclusive riparian rights to a private community lake where you can swim, paddleboard, and kayak. Two parks are just a short walk away, including the newly renovated Saga Bay Park with 2 lighted tennis courts, 6 lighted pickleball courts, and a kids' playground. . Please note that due to ongoing street construction, SW 196th St is temporarily closed to through traffic, simply continue along Old Cutler Rd and turn onto 85th Ave to access the neighborhood.
Features
- First Floor Entry
- Other
- None
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
- $4,040
- HOA
- $150 / 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.