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$619,999

18615 SW 98th Avenue Miami, FL 33157 Residential - Single Family Pending

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Description

Under contract-accepting backup offers. This is an incredible opportunity in one of Cutler Bay's most desirable and growing neighborhoods. Situated on a quiet residential street just minutes from shopping, dining, major highways, and everyday conveniences, this versatile property offers the perfect blend of comfortable living and exceptional income-producing potential. Featuring a beautifully maintained main residence along with three additional units, this is an ideal opportunity for investors, multigenerational families, or owner-occupants looking to offset their living expenses with substantial rental income.Beautifully positioned on a fully fenced lot, the property boasts excellent curb appeal with a large circular driveway providing ample parking for multiple vehicles, boats, work trucks, RVs, or recreational toys. Mature tropical landscaping, decorative rock accents, and a spacious covered front porch create a warm and inviting first impression. Decorative tile flooring, exposed beam details, and a beautiful wood front door further enhance the home's charm and character.Inside the main residence, you're welcomed by a bright open-concept layout featuring oversized tile flooring, elegant archways, and abundant natural light throughout. The spacious kitchen is appointed with extensive custom cabinetry, rich stone countertops, stainless steel appliances, and a breakfast bar ideal for entertaining. The beautifully renovated bathroom offers a spa-inspired feel with designer tilework, a frameless glass shower, and modern finishes, while the generously sized bedrooms provide comfort and functionality.Step outside into an impressive private outdoor retreat designed for entertaining and relaxation. The expansive covered patio and custom outdoor kitchen create the perfect setting for gatherings year-round. Beyond, the massive backyard offers endless possibilities with room for a pool, tiki hut, guest house, additional storage, or recreational amenities. The additional living quarters offer tremendous flexibility and income-producing potential, featuring private living spaces with kitchens or kitchenettes, spacious bedrooms, and dedicated bathrooms. Ideal for long-term rentals, extended family accommodations, guest quarters, or maximizing cash flow, these units add significant value and versatility.Major improvements include a 2016 roof, 2011 central AC, mini-splits, and plumbing/electrical in good working order. Additional units include a 1BD/1BA ($1,700/mo), 2BD/1BA ($2,000/mo), and 1BD/1BA ($1,000/mo), generating approx. $4,700/mo gross. Most improvements/additions are believed to be permitted, with the possible exception of the rear smaller unit. Buyer to verify all permits, use, zoning, and financing feasibility. Property is being sold strictly as-is.With no HOA and no rental restrictions, opportunities like this are becoming increasingly rare in South Florida. Whether you're seeking a primary residence with supplemental income, a multigenerational living solution, or a high-cash-flow investment property, this unique Cutler Bay opportunity offers exceptional versatility, strong income potential, and endless possibilities.

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.19 Acres
Roof Type: Built-Up, Shingle
Stories: 1.0
Taxes: $3,611
Year Built: 1958

General Information

Bedrooms: 6
Bathrooms: 5 Full
Sqft: 2,471
County: Miami-Dade
Subdivision: BEL AIRE
Listed By:
Ronald Ryder RICHARD PETERS REALTY LLC 352-448-9712

Amenities

Other
Other

Property Features

Appliances: Other
Days on Site: 1
Directions: Continue south for approximately 14 miles.Take Exit 13 â?? Eureka Drive (SW 184 Street).Turn right (west) onto SW 184 Street.Turn left (south) onto SW 97th Avenue.Turn right onto SW 186th Street.Turn left onto SW 98th Avenue.Arrive at 18615 SW 98th Ave, C
Exterior: Block, Concrete, Stucco
Flood Zone Code: AH
Flooring: Ceramic Tile, Luxury Vinyl, Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.19
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Utilities: Other
Water: Public
Water Access Y/N: No
Zoning: 0100
$619,999
6beds
5.0baths
2,471sqft
New to the Market Pending
BEDS6 BATHS5 full SQUARE FEET2,471 MLS#TB8514478
STATUSPending PROPERTY TYPEResidential - Single Family SUBDIVISIONBEL AIRE

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18615 SW 98th Avenue, Miami, FL 33157.

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Estimated Payment

$ 2,572.91 per month $2,091.16 Principal & Interest $300.92 Property Tax $180.83 Homeowner's Insurance

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