For sale

Price cut: $10.5K (7/1)

$199,500

11040 SW 196th St APT 208, Miami, FL 33157

2beds

914sqft

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Condominium

Built in 2005

-- sqft lot

$197,000 Zestimate^®

$218/sqft

$640/mo HOA

What's special

Private balconyIn-unit washer and dryerCorner unitNew flooringStainless steel appliances

Turnkey Corner Unit Investment in Cutler Bay! Slightly larger 900 sq ft corner income-producing 2-bed/2-bath unit with a great tenant in place! Contract thru August 31, 2026. This well-maintained unit features new flooring, stainless steel appliances, and an in-unit washer and dryer, making it highly desirable for long-term tenants. The corner layout offers added privacy and natural light, while the private balcony enhances rental appeal. Located in a strong rental market, in a growing area ideal for investors seeking immediate cash flow and long-term appreciation.

100 days

380

30

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Electric

Cooling

Central Air, Electric

Appliances

Included: Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer

Features

Pantry, Walk-In Closet(s)
Windows: Blinds
Common walls with other units/homes: Corner Unit

Interior area

Total structure area: 914
Total interior livable area: 914 sqft

Video & virtual tour

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Property

Parking

Parking features: 1 Space, Assigned, Guest

Accessibility

Accessibility features: Accessible

Features

Exterior features: Balcony
Pool features: Association
Has view: Yes
View description: Garden

Details

Parcel number: 3060060570280

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

CBS Construction

Condition

Year built: 2005

Community & HOA

Community

Security: Smoke Detector, Complex Fenced, Security Guard, Intercom In Lobby
Application fee: $100
Subdivision: Paradise Pointe Condo,Paradise Pointe

HOA

Has HOA: Yes
Amenities included: Playground, Laundry, Elevator(s), Exterior Lighting, Pool, Trash
HOA fee: $640 monthly

Location

Region: Miami

Financial & listing details

Price per square foot: $218/sqft
Tax assessed value: $199,335
Annual tax amount: $2,654
Date on market: 3/26/2026
Listing terms: All Cash,Conventional

Estimated market value

$197,000

$187,000 - $207,000

$2,068/mo

Price history

Date	Event	Price
7/1/2026	Price change	$199,500-5%$218/sqft
Source: MIAMI #A11990207 Report a problem
3/27/2026	Listed for sale	$210,000+100%$230/sqft
Source: MIAMI #A11990207 Report a problem
9/15/2025	Listing removed	$2,100$2/sqft
Source: MIAMI #A11862836 Report a problem
8/28/2025	Listed for rent	$2,100-2.3%$2/sqft
Source: MIAMI #A11862836 Report a problem
8/29/2023	Listing removed	--
Source: MIAMI #A11429474 Report a problem
8/14/2023	Price change	$2,150-2.3%$2/sqft
Source: MIAMI #A11429474 Report a problem
8/2/2023	Listed for rent	$2,200+100%$2/sqft
Source: MIAMI #A11429474 Report a problem
6/21/2019	Sold	$105,000-16%$115/sqft
Source: Public Record Report a problem
5/9/2019	Pending sale	$125,000$137/sqft
Source: Great Properties International LLC #A10605577 Report a problem
2/7/2019	Listed for sale	$125,000+25%$137/sqft
Source: Great Properties International LLC #A10605577 Report a problem
9/6/2016	Listing removed	$100,000$109/sqft
Source: Florida Realty of Miami Corp #A10108236 Report a problem
8/8/2016	Price change	$100,000+5.3%$109/sqft
Source: Florida Realty of Miami Corp #A10108236 Report a problem
7/5/2016	Listed for sale	$95,000+35.7%$104/sqft
Source: Florida Realty of Miami Corp #A10108236 Report a problem
1/8/2015	Listing removed	$1,100$1/sqft
Source: Florida Realty of Miami Corp #A2045011 Report a problem
12/12/2014	Listed for rent	$1,100$1/sqft
Source: Florida Realty of Miami Corp #A2045011 Report a problem
10/31/2014	Listing removed	$1,100$1/sqft
Source: Florida Realty of Miami Corp #A2021188 Report a problem
10/20/2014	Listed for rent	$1,100+10%$1/sqft
Source: Florida Realty of Miami Corp #A2021188 Report a problem
12/7/2013	Listing removed	$1,000$1/sqft
Source: Florida Realty of Miami, Corp #A1848116 Report a problem
11/20/2013	Price change	$1,000-9.1%$1/sqft
Source: Florida Realty of Miami, Corp #A1848116 Report a problem
9/28/2013	Listed for rent	$1,100$1/sqft
Source: Florida Realty of Miami, Corp #A1848116 Report a problem
8/30/2013	Sold	$70,000$77/sqft
Source: MIAMI #A1817822 Report a problem
7/25/2013	Listed for sale	$70,000-47.8%$77/sqft
Source: Century 21 Continental Realty #A1817822 Report a problem
7/20/2005	Sold	$134,000$147/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,765 +3.4%	$140,015 +10%
2024	$2,674 +14%	$127,287 +10%
2023	$2,346 +21.9%	$115,716 +10%
2022	$1,924 +12.2%	$105,197 +10%
2021	$1,715 +11.7%	$95,634 +10%
2020	$1,536 +4.7%	$86,940 +5%
2019	$1,467 +8%	$82,800 +5.5%
2018	$1,358	$78,475 +10%
2017	$1,358 +7.2%	$71,341 +10%
2016	$1,266 +11.3%	$64,856 +10%
2015	$1,138 +13.8%	$58,960 +10%
2014	$1,000 +855.6%	$53,600 +72.1%
2013	$105	$31,150 +1.7%
2012	$105 -54.8%	$30,630 -18%
2011	$232 -56.1%	$37,350 -28%
2010	$527 -56.6%	$51,870 -50%
2009	$1,216 -19.8%	$103,740 +27.1%
2007	$1,516	$81,600
2006	--	--

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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