11060 SW 196th Street 514, Cutler Bay, FL 33157 (MLS# A11989522)

11060 SW 196th Street 514, Cutler Bay, FL 33157

$198,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 809 Status: Closed
Current Price: $198,000 List Date: 3/25/2026 Last Modified: 10/25/2026

Overview

Description

PRICE FIRM. Turnkey investment opportunity competitively priced within Cutler Bay! This well-maintained 2BD/2BA unit comes with an excellent tenant already in place with a lease signed until July 31st, 2027 allowing you to start generating income from day one. Strategically located near a major billion-dollar commercial and residential development underway across US-1 (formerly Southland Mall), positioning this property for strong future appreciation and increased rental demand. In-unit washer/dryer and corner balcony is a rental perk for Tenants. Can lease immediately upon closing with a 1-year minimum in place. Condominium has a mini market, laundry facilities, basketball courts, pool, security patrol, and TV monitored at building entrance.

Listing Details MLS# A11989522

General Property Information

Unit Floor #
5
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
809
Living Area Main
809
Adjusted Area Main
809
Year Built
2005
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
6
Furnished
Unfurnished

Property Features

Application Information: 1-2 Weeks Approval; Association Approval Required Association Amenities: Maintenance Association Fee Includes: Common Areas; Maintenance Grounds; Maintenance Structure; Reserve Funds; Security; Sewer; Trash Dining Area: Breakfast Area Flooring: Laminate; Tile Leasing Permitted Details: Okay To Lease; Okay To Lease During First Year Parking Features: Assigned; Guest Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Central Air; Electric Association Type: Condominium Heating: Central; Electric Interior Features: Pantry; Walk-In Closet(s) Listing Terms: Cash; Conventional Pets Allowed YN: No Pets Allowed: Pet Restrictions Possible Possession: Negotiable; Subject To Tenant Rights Road Frontage Type: West of US-1 Security Features: Closed Circuit Camera(s); Entry - Phone/Intercom; Security Fence; Security Guard; Security Patrol Special Information: Foreign Seller; Sold As-Is Tax Information: Tax Reflects No Exemptions Unit Description: Corner/End Unit; Garden Apartment View: Garden; Other Window Features: Blinds Showing Requirements: Appointment Only; Showing Service Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN
No
Original List Price
210000
Occupant Type
Tenant

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
11060
Street Direction Prefix
SW
Street Name
196th
Street Suffix
Street
Unit Number
514
City Name
Cutler Bay
Municipal Code
30
State Or Province
FL
Postal Code
33157
Postal Code +4
6606
Postal Zip
33157
Subdivision Name
PARADISE POINTE CONDO
Development Name
Paradise Pointe
Area
2600
Elementary School
Bel-Aire
Middle Or Junior School
Cutler Bay Middle
High School
Miami Southridge
Special Assessment YN
No
Parcel Number
3060060571890
Subdivision Number
57
Flood Zone
AH
Building Name
3

Financial Information

Association YN
Yes
Association Fee
665
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
665
Membership Fee Required YN
No
Tax Annual Amount
2531
Tax Year
2025
Tax Legal Description
PARADISE POINTE CONDO UNIT 514 BLDG 3 UNDIV 1/190 INT IN COMMON ELEMENTS OFF REC 23281-0293 COC 24152-2322 11 2005 1

Status Change Information

Major Change Timestamp
2026-10-23T04:00:00Z
Major Change Type
Status Change
Price Change Timestamp
2026-07-07T21:32:47Z
Status Change Date
2026-10-25
Under Contract Date
2026-09-15
Close Date
2026-10-23
Close Price
198000
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
Yes
Parking Space Number
Yes

Short Sale Details

Short Sale Addendum
No

Leasing Restrictions

Leasing - Max Times Per Year
Yes
Leasing - Minimum Number of Days
365

Buyer Details

Country of Origin
United States
Intended Use
Investment
Buyer State
Florida
Zip Code
33157

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
244.74

Section Details

Parcel Number MLX
1890

Originating Details

Originating System Key
445784027
Originating System ID
M00000151
IDX
Listing Office: Miami Properties Int'l Corp
Source MLS Verified
Last Updated: October - 25 - 2026
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