$619,999
18615 98th Avenue
Miami, FL 33157
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
Flood zone
About this home
<INVESTOR SPECIAL><TURNKEY INVESTMENT> 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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history1 days on market
- Status: ActiveJun 2, 2026
- Listed$619,999Jun 1, 2026
- Price increased$619,999
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 1
- Subdivision
- Bel Aire Sec 01
- County
- Miami-Dade
- Year built
- 1958
- Living area
- 2,471 sq ft
- Price/sq ft
- $251
- Lot size
- 8,250 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AH (12086C0601L)
- Annual taxes
- $3,612 (2025)
- Parcel #
- 36-6005-004-2160
- Zoning
- 0100
- MLS #
- TB8514478
Interior Details
- Bedrooms
- 6
- Full bathrooms
- 5
- Flooring
- Ceramic Tile, Luxury Vinyl, Tile
- Appliances
- Other
- Interior features
- Other
- Laundry
- Outside
- Stories / Levels
- One
- Direction faces
- West
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Other
- Construction materials
- Block, Concrete, Stucco
- Roof
- Built-Up, Shingle
- Foundation
- Slab
- Road surface
- Asphalt, Concrete
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Other
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | |
| Primary Bedroom | First | |
| Kitchen | First |
Listing Details
- Listing date
- 2026-06-01
- On market date
- 2026-06-01
- Original list price
- $619,999
- Occupant type
- Tenant
- MLS area
- 33157 - Miami
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-06-02
- Tax legal description
- 5 56 40 BEL-AIRE SEC 1 PB 65-36 LOT 5 BLK 10 LOT SIZE 75.000 X 110 OR 15890-2340 0493 1 COC 23087-2994 01 2005 1
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Continue south for approximately 14 miles. Take Exit 13 – 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, Cutler Bay, FL 33157
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 2, 2026 at 6:51 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA