19955 SW 186th St, Miami, FL 33187 — MLS photo

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19955 SW 186th St, Miami, FL 33187

Active · SingleFamilyResidence

$3,000,000

19955 SW 186th St, Miami, FL 33187

Beds
7
Baths
7
Living area
4,979 sq ft
$ / sq ft
$603/sq ft
Year built
1971
Lot size
103,673 sq ft
HOA fee
—
Annual tax
$7,421

About this property

Prime Redlands agricultural compound with in-place income and agricultural exemption situated on 2.38 acres. Total living area is 4,979 SF across three separate structures, fully enclosed by a $200,000 perimeter fence with concrete footings (installed 2020) for maximum privacy and security. The main residence(2,911 sf) is a completely remodeled 3-bedroom, 3.5-bath home featuring 2024 renovations including a new kitchen with custom cabinetry and island, updated bathrooms, new flooring, new millwork and doors, and upgraded plumbing and fixtures. The detached guest house(1,270 sf) offers 3 bedrooms and 2 bathrooms with a new 2024 metal roof. The fully remodeled detached apartment(550 sf) features 1 bedroom and 1 bathroom, also with a new 2024 metal roof. The main house and guest house are separated by hedges and have independent entrances, creating a true compound layout ideal for multigenerational living or rental flexibility. Agricultural income averages approximately $29,000 annually from 165 mature Mamey and avocado trees. Additional income potential includes approximately $3,000 per month from the guest house and $1,500 per month from the apartment. Property features include irrigation system throughout, water filtration system, well and septic, and roof encapsulated in concrete for added durability. Agricultural exemption means low property taxes. Rare opportunity to acquire a turnkey, income-producing agricultural estate in the heart of the Redlands.

Property location

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19955 SW 186th St, Miami, FL 33187

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Facts & features

Interior

Bedrooms
7
Bathrooms
7
Living area
4,979 sq ft
Flooring
Tile
Appliances
Electric Range, Refrigerator, Water Softener Owned
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry, Living Dining Room

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1971
Lot size
103,673 sq ft
Architectural style
Ranch
Roof
Barrel
Construction
Block
Exterior features
Fence, Fruit Trees, Shed
Pool
None
View
Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
Circular Driveway, Driveway, Electric Vehicle Charging Stations

HOA, Community & Financials

Annual tax
$7,421
Subdivision
redlands
County
Miami-Dade
Days on market
28
MLS listing ID
A11963354
Listing status
Active

Investment intelligence

Yield & ROI calculator

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

Estimated monthly cash flow

-$1,099

Cap rate
5.2%
Net yield
5.2%
Cash-on-cash return
-1.6%
Gross yield
6.9%
Mortgage payment
$14,222/mo
Down payment
$750,000
Loan amount
$2,250,000
Annual NOI
$157,469

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