6721 SW 140th St, Palmetto Bay, FL 33158 — MLS photo

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6721 SW 140th St, Palmetto Bay, FL 33158

Active · SingleFamilyResidence

$3,200,000

6721 SW 140th St, Palmetto Bay, FL 33158

Beds
5
Baths
5
Living area
5,079 sq ft
$ / sq ft
$630/sq ft
Year built
1991
Lot size
29,016 sq ft
HOA fee
$2,000
Annual tax
—

About this property

Sophistication meets functionality w/ this spectacular 5 bdrm plus office, 5 bath NE Palmetto Bay home,designed for entertaining, and located in the prestigious gated community of Old Cutler Grove South.  Distinguished formal living rm w/ keystone fireplace, wet bar, soaring ceilings & gorgeous natural light. Formal dining rm. Gourmet eat-in kitchen has bar seating & breakfast nook , opens to spacious family rm. Split floorplan. Private primary suite w/ walk-in closet, remodeled bath. Guest wing has a den & 4 spacious bdrms. Resort-like backyard w/ expansive covered terrace, pool, spa, mature trees & sprawling lawn, half basketball court.  Private community feat. lighted tennis courts. Close to the best of Miami's private & public schools.

Property location

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6721 SW 140th St, Palmetto Bay, FL 33158

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Facts & features

Interior

Bedrooms
5
Bathrooms
5
Living area
5,079 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1991
Lot size
29,016 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$2,000
County
Miami-Dade
MLS listing ID
A12009704
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

-$7,955

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.7%
Gross yield
6.7%
Mortgage payment
$15,170/mo
Down payment
$800,000
Loan amount
$2,400,000
Annual NOI
$86,574

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