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Under contract
    • Price cut: $10.5K (7/1)
    $199,500

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

    2beds
    914sqft
    : 
    $2,054/mo
    Get pre-qualified
    Condominium
    Built in 2005
    -- sqft lot
    $196,400 Zestimate®
    $218/sqft
    $665/mo HOA

    What's special

    Private balconyIn-unit washer and dryerCorner unitNew flooringStainless steel appliances
    PRICE FIRM. NO CONCESSIONS. 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 with desire to extend. 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.
    147 days
    |
    177
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Letizia Pallozzi 786-304-0071,

    Miami Properties Int'l Corp

    Source: MIAMI,MLS#: A11990207MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dishwasher, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, 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

      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: $665 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

        $196,400

        $187,000 - $206,000

        $2,059/mo

        Price history

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

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: South Miami Heights

        Getting around

        22 / 100
        Car-Dependent
        46 / 100
        Some Transit
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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