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Waterfront · Condominium
$235,000$292 / sqft
21121 SW 85th Ave # 117, Cutler Bay FL 33189
Listed
1
Bedrooms
2
Bathrooms
806 sqft
Interior
1975
Year built
$365 / mo
HOA
Condominium
Type
About this home
Discover this charming corner-unit condo featuring 1 bedroom and 1.5 bathrooms, offering comfort, privacy, and beautiful lake views. Relax and unwind on your screened-in porch while enjoying the peaceful waterfront setting. This inviting residence features updated plumbing and laminate flooring throughout, providing both style and functionality. Conveniently located near Black Point Marina, this property offers easy access to boating, outdoor recreation, shopping, dining, and more. Residents can enjoy a community swimming pool and the convenience of reserved parking. One of the property's standout features is its exceptionally low monthly HOA fees compared to other condominium communities in the surrounding area, making it an attractive option for homeowners and investors alike. Don't miss this opportunity to own a beautifully situated corner unit with lake views, desirable amenities, and an excellent location!
Features
- First Floor Entry
- Canal
- Lake
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit.
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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $1,950–$3,495.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.