7950 SW 196th Ter, Cutler Bay FL 33189, CUTLER BAY, FL, 33189
Active53 days on marketListed Jun 23, 2026MLS #A12041685
About this home
7950 SW 196th Ter, Cutler Bay FL 33189
Welcome to this stunning elevated corner home in Cutler Bay featuring soaring 10-foot ceilings, a spacious 2-car garage, and a sparkling private pool, all sitting on a desirable corner lot that offers extra privacy and a side entrance with plenty of room to store your boat. The expansive backyard is perfect for entertaining, and as a resident you'll enjoy exclusive riparian rights to a private community lake where you can swim, paddleboard, and kayak. Two parks are just a short walk away, including the newly renovated Saga Bay Park with 2 lighted tennis courts, 6 lighted pickleball courts, and a kids' playground. . Please note that due to ongoing street construction, SW 196th St is temporarily closed to through traffic, simply continue along Old Cutler Rd and turn onto 85th Ave to access the neighborhood.
Facts & features
The home at a glance
4
Bedrooms
2.5
Bathrooms
2,324
Sqft
2
Garage
2003
Year built
$344
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$5,334 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$5,334/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+4.8%
$/sqft vs Cutler Bay actives
$344 vs $321
Days on market
53 vs 56 typical
Where $344/sqft sits among the 223 Cutler Bay actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Cutler Bay
Get to know Cutler Bay. See the full Cutler Bay guide →
CUTLER BAY 33189 — neighborhood snapshot
Population
24,627
Median age
41.9
Median income
$66,487
Median home value
$409,500
Avg household
2.87
Households w/ children
3,152
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Cutler Bay market
$530K → $593K
Cutler Bay median sold, yr/yr
99.2%
Sale-to-list ratio (12 mo)
24 of 223
Cutler Bay actives have cut their price
Median sold price, Cutler Bay, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 221% above the CUTLER BAY 33189 median. See the full Cutler Bay market guide →
Paper trail
This home's history
Reality check
What actually sold near 7950 SW 196th Ter
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$595,000
8902 SW 208th Ter, Cutler Bay FL 33189
4 bd · 3 ba · 2,365 sqft · $252/sqft · 177 DOM
Sold · Mar ’26$525,000
9002 SW 214th Ln, Cutler Bay FL 33189
4 bd · 2.5 ba · 2,147 sqft · $245/sqft · 65 DOM
Sold · Sep ’25$600,000
9053 SW 214th St, Cutler Bay FL 33189
4 bd · 2.5 ba · 2,147 sqft · $279/sqft · 71 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 7950 SW 196th Ter — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7950 SW 196th Ter — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
7950 SW 196th Ter FAQs
What would the monthly payment be for 7950 SW 196th Ter, Cutler Bay FL 33189?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,334/mo — principal and interest, the actual property-tax bill, the $150/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 7950 SW 196th Ter, Cutler Bay FL 33189?+
The association fee works out to $150 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 7950 SW 196th Ter, Cutler Bay FL 33189?+
The most recent tax bill on record (2025) was $4,956. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Cutler Bay?+
At $799,000, this home is listed about 39% above the Cutler Bay median of $574,250. The market section on this page shows how the area is trending.
Which schools are assigned to 7950 SW 196th Ter, Cutler Bay FL 33189?+
Miami Southridge Senior High (high), Bel-Aire Elementary School (elementary), Cutler Bay Middle (middle), Title I Migrant Education Program (), Instructional Center System Wide (), District Instructional Center (Dic) () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$799,000 runs 221% above the CUTLER BAY 33189 median — but at 2,324 sqft it's also 59% larger than the typical Cutler Bay listing.
02None views
The none view is part of what you're buying — views hold value independently of the structure.
03The price has already moved
Listed at $865,000, now $799,000 — a $66K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of One Sotheby's International Realty · Mario Gallardo. MLS #A12041685.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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