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Waterfront · Single Family Residence
$1,950,000$494 / sqft
7770 SW 188TH Terrace, Cutler Bay FL 33157
Listed
5
Bedrooms
4
Bathrooms
3,945 sqft
Interior
2005
Year built
$509 / mo
HOA
Single Family Residence
Type
About this home
Welcome to your newly renovated lakefront home in gated Cutler Cay. This exquisite 5 bedroom, 4 full baths with newly renovated en-suite bath, glass-enclosed marble rain showers, floating vanities, smart toilets, wood floors in all bedrooms, whole-home smart lighting, Sonos sound, custom built-ins and closets, induction kitchen, new air conditioning, epoxy garage with Tesla charger, plus a heated pool, spa and tiki hut facing spectacular lake sunsets. 1 bedroom and 1 full cabana bath located at entry level. balcony off primary and additional bedroom. Designer ready! Dual staircase. Full size laundry room. Complete Hurricane Impact windows & doors. Gated Cutler Cay w/ clubhouse, fitness, tennis, sauna+. Detailed property portfolio available upon request. Agents see attached.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Entrance Foyer
- French Doors
- Pantry
- Split Bedroom
- Volume Ceilings
- Walk-In Closet(s)
- Family Room
- Utility Room/Laundry
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.