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Single Family Residence
$1,800,000
1930 NE 197th Ter, Miami FL 33179
Listed
6
Bedrooms
7
Bathrooms
— sqft
Interior
2026
Year built
None
HOA
Single Family Residence
Type
About this home
RARE SHOVEL-READY OPPORTUNITY IN SKY LAKE! Build your dream home on one of Sky Lake’s beautiful, tree-lined streets! An extraordinary opportunity to purchase a prime property with stunning architectural plans and approved permits for a spectacular 2-story luxury residence featuring 6 bedrooms, 6.5 bathrooms, 4,315 SF under A/C and an impressive 6,995 SF of total proposed construction! Thoughtfully designed for modern luxury living, the architectural plans feature expansive interiors, sophisticated design, generous entertaining spaces, and incredible covered outdoor living areas, patios, and balconies. THE HARD WORK HAS ALREADY BEEN DONE! Architectural plans and approved permits are included in the sale, offering buyers and developers a tremendous head start. Skip the lengthy design and permitting process and bring your builder to turn this incredible vision into reality! Nestled on a gorgeous, tree-lined street in highly desirable Sky Lake, this is a rare opportunity to create a magnificent custom estate in one of the area’s most sought-after neighborhoods. PRIME LOCATION! EXCEPTIONAL PLANS! APPROVED PERMITS! SHOVEL-READY! Don’t miss this incredible opportunity!
Features
- First Floor Entry
- Family Room
- Maid/In-Law Quarters
- Utility Room/Laundry
- Built-In Grill
- Garden
- Pool
Leasing
- Minimum lease
- Not stated
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 6-bed rentals across Miami-Dade, from 56 active listings; the middle half ask $16,000–$49,900.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.