18840 SW 218th St, Miami, FL 33170 — MLS photo

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18840 SW 218th St, Miami, FL 33170

Active · SingleFamilyResidence

$1,400,000

18840 SW 218th St, Miami, FL 33170

Beds
4
Baths
3
Living area
2,771 sq ft
$ / sq ft
$505/sq ft
Year built
1984
Lot size
40,511 sq ft
HOA fee
—
Annual tax
$10,774

About this property

The house features bathrooms and a kitchen that were completely remodeled in 2024. Also added in 2024 was a 50-foot by 18-foot infinity-edge pool, equipped with a heater, a saltwater system, and full automation. The property boasts a synthetic-turf soccer field and a sandy beach volleyball area. The lot spans nearly an acre and is divided by a fence into two sections—each with its own independent entrance—making the undeveloped portion ideal for a business venture or for building a guest house. The driveway features a covered canopy tall enough to shelter a boat or an RV. The home is served by well water and includes a two-car garage. Currently, the property operates as an Airbnb rental; it comes fully furnished and equipped, allowing a new owner to seamlessly continue the business—a process currently managed by a dedicated administrator. The entire operational infrastructure is already in place to ensure the business continues without interruption; we can provide Airbnb financial statements so prospective buyers can review the revenue figures. The roof and air conditioning system were already installed when we purchased the property in 2021, though they were relatively new at the time. This residence offers spacious interior and exterior living areas, featuring beautiful garden spaces with tremendous potential for a wide variety of uses.

Property location

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18840 SW 218th St, Miami, FL 33170

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Facts & features

Interior

Bedrooms
4
Bathrooms
3
Living area
2,771 sq ft
Flooring
Laminate, Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Trash Compactor, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Closet Cabinetry, First Floor Entry, Pantry, Walk In Closets

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1984
Lot size
40,511 sq ft
Architectural style
One Story
Roof
Shingle
Construction
Block
Exterior features
Fence, Fruit Trees, Security High Impact Doors, Lighting, Other, Patio, Shed
Pool
In Ground, Pool
Spa
In Ground
View
Garden

Parking

Garage spaces
2
Covered spaces
2
Parking features
Circular Driveway, Covered, Driveway, Golf Cart Garage, Guest, Other, Rv Access Parking, Garage Door Opener

HOA, Community & Financials

Security
Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$10,774
Subdivision
N/A
County
Miami-Dade
Days on market
195
MLS listing ID
A11995401
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

-$397

Cap rate
5.3%
Net yield
5.3%
Cash-on-cash return
-1.2%
Gross yield
7.6%
Mortgage payment
$6,637/mo
Down payment
$350,000
Loan amount
$1,050,000
Annual NOI
$74,876

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