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Condominium
$239,900$322 / sqft
20930 SW 87th Ave # 207, Cutler Bay FL 33189
Listed
1
Bedrooms
1
Bathrooms
746 sqft
Interior
2006
Year built
$362 / mo
HOA
Condominium
Type
About this home
Welcome to this spacious 1bedroom, 1 bath condo in the heart of Cutler Bay! Offering approximately 746 sq. ft. of comfortable living space, this well designed unit features a functional layout with plenty of opportunity to make it your own. The generously sized bedroom offers excellent space and storage, while the living and dining areas provide plenty of room for relaxing, entertaining, or working from home. Step outside onto your private balcony and enjoy additional outdoor living space. The unit features an in-unit washer and dryer and includes a refrigerator, microwave, stove/range, and dishwasher. Enjoy 1 assigned parking space, plus additional street parking. HOA is approximately. Conveniently located near shopping, dining, parks, major roadways, Old Cutler Road, and Black Point Marina, with easy access throughout South Miami-Dade. Whether you’re a first-time buyer, investor, downsizing, or looking for a South Florida property with great potential, Unit 207 offers an attractive combination of space, location, affordability, and opportunity. Schedule your showing and see the potential for yourself!
Features
- Other
- Pantry
- Open Balcony
- Garden View
- Other View
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.
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.