18045 SW 87th Ct, Palmetto Bay, FL 33157 — MLS photo

Active · SingleFamilyResidence

$930,000

18045 SW 87th Ct, Palmetto Bay, FL 33157

Beds: 4
Baths: 2
Living area: 1,602 sq ft
$ / sq ft: $581/sq ft
Year built: 1977
Lot size: 15,065 sq ft
HOA fee: —
Annual tax: $4,240

About this property

The home you’ve been waiting for is here in sought-after Palmetto Bay! This 4-bedroom, 2-bath home features a desirable split floor plan and sits on an oversized 15,000 SF ELEVATED LOT with room for RV or boat parking. Enjoy a spacious screened-in back patio, perfect for relaxing or entertaining. Major updates include a new ROOF installed in 2021 and a new A/C system installed in 2023, NEW ELECTRICAL PANEL 2023 and FENCE installed 2021 . Ideally located near parks, top-rated public and private schools, shopping, dining, and all the amenities Palmetto Bay has to offer. A must-see!

Property location

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18045 SW 87th Ct, Palmetto Bay, FL 33157

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Facts & features

Interior

Bedrooms: 4
Bathrooms: 2
Living area: 1,602 sq ft
Flooring: Tile
Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
Cooling: Central Air, Ceiling Fans, Electric
Heating: Central, Electric
Interior features: Bedroom On Main Level, Living Dining Room, Shower Only, Walk In Closets

Exterior & Structure

Property type: SingleFamilyResidence
Year built: 1977
Lot size: 15,065 sq ft
Architectural style: Detached, One Story
Roof: Other
Construction: Other
Exterior features: Storm Security Shutters
Pool: None
View: None

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: None

HOA, Community & Financials

Pets allowed: Conditional, Yes
Annual tax: $4,240
Subdivision: SECTION 21 BEL-AIRE
County: Miami-Dade
Days on market: 373
MLS listing ID: A11893002
Listing status: Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

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Estimated monthly cash flow

-$408

Cap rate: 5.2%
Net yield: 5.2%
Cash-on-cash return: -1.9%
Gross yield: 7.0%
Mortgage payment: $4,409/mo
Down payment: $232,500
Loan amount: $697,500
Annual NOI: $48,013

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.