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Single Family Residence
$2,275,000$524 / sqft
19701 SW 197th Ave, Miami FL 33187
Listed
7
Bedrooms
5
Bathrooms
4,343 sqft
Interior
1990
Year built
None
HOA
Single Family Residence
Type
About this home
Luxury Redlands Estate with Nearly 5 Acres We are proud to present this extraordinary custom Redlands estate, now being offered with both folios, creating an exceptional opportunity to own nearly five acres of beautiful open land in one of South Florida’s most desirable rural communities. The fully fenced and gated estate features a magnificent 4,400-square-foot custom residence with five bedrooms, three bathrooms, soaring ceilings, an expansive gourmet kitchen, and premium finishes throughout. Also included is a beautifully appointed 1500 sq ft three-bedroom, two-bathroom guest house featuring high ceilings and a custom kitchen, ideal for extended family, guests, or rental income. Additional amenities include: Resort-style oversized swimming pool Separate private cottage Oversized eight-car garage Beautifully landscaped grounds with mature trees and expansive open space The property currently generates $5600 per month in income, providing immediate investment value. Exceptional Value Now offered at the reduced package price of just $2,275,000, this is an outstanding opportunity to acquire a luxury estate with guest accommodations, income-producing features, and nearly five acres of prime Redlands property—all included in one exceptional property. Showings Need to be 24 hour in advance
Features
- First Floor Entry
- Family Room
- Florida Room
- Separate Guest/In-Law Quarters
- Maid/In-Law Quarters
- Storage
- Utility Room/Laundry
- Lighting
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 7-bed rentals across Miami-Dade, from 20 active listings; the middle half ask $21,000–$70,000.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.