18615 SW 98TH AVE, Miami, FL 33157
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18615 SW 98TH AVE, Miami, FL 33157
18615 SW 98TH AVE, Miami, FL 33157
18615 SW 98TH AVE, Miami, FL 33157
18615 SW 98TH AVE, Miami, FL 33157
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$ 619,999
Est. payment /mo
Pending

18615 SW 98TH AVE Miami, FL 33157

6 Beds

5 Baths

2,471 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 2,471 sqft

Price per Sqft $250

Subdivision Bel Aire Sec 01

MLS Listing ID TB8514478

Bedrooms 6

Full Baths 5

HOA Y/N No

Year Built 1958

Annual Tax Amount $3,611

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 75x110

Property Sub-Type Single Family Residence

Source Stellar MLS

Property 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.

Location

State FL

County Miami-dade

Community Bel Aire Sec 01

Area 33157 - Miami

Zoning 0100

Interior

Interior Features Other

Heating Central, Electric

Cooling Central Air

Flooring Ceramic Tile, Luxury Vinyl, Tile

Furnishings Negotiable

Fireplace false

Appliance Other

Laundry Outside

Exterior

Exterior Feature Other

Utilities Available Other

Roof Type Built-Up,Shingle

Garage false

Private Pool No

Building

Story 1

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8514478


Stellar MLS
Listed by Ronald Ryder RICHARD PETERS REALTY LLC

NEARBY SCHOOLS & PROPERTIES

Paul & Camile Collins

Paul & Camile Collins

Real Estate Team | License ID: 3429690

+1(954) 826-4073

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18615 SW 98TH AVE