
18615 SW 98TH AVENUE, MIAMI, FL, 33157
Active63 days on marketListed Jun 1, 2026MLS #TB8514478
About this home
18615 SW 98TH AVENUE
<BACK ON THE MARKET><HIGHEST & BEST BY 08/09/2026><FIRE SALE><INVESTOR SPECIAL><TURNKEY INVESTMENT> This is an incredible opportunity in one of Cutler Bay's most desirable and growing neighborhoods. Situated on a quiet residential street just minutes from shopping, dining, major highways, and everyday conveniences, this versatile property offers the perfect blend of comfortable living and exceptional income-producing potential. This is an ideal opportunity for investors, multigenerational families, or owner-occupants looking to offset their living expenses with substantial rental income. Beautifully positioned on a fully fenced lot, the property boasts excellent curb appeal with a large circular driveway providing ample parking for multiple vehicles, boats, work trucks, RVs, or recreational toys. Mature tropical landscaping, decorative rock accents, and a spacious covered front porch create a warm and inviting first impression. Decorative tile flooring, exposed beam details, and a beautiful wood front door further enhance the home's charm and character. Inside the main residence, you're welcomed by a bright open-concept layout featuring oversized tile flooring, elegant archways, and abundant natural light throughout. The spacious kitchen is appointed with extensive custom cabinetry, rich stone countertops, stainless steel appliances, and a breakfast bar ideal for entertaining. The beautifully renovated bathroom offers a spa-inspired feel with designer tilework, a frameless glass shower, and modern finishes, while the generously sized bedrooms provide comfort and functionality. Step outside into an impressive private outdoor retreat designed for entertaining and relaxation. The expansive covered patio and custom outdoor kitchen create the perfect setting for gatherings year-round. Beyond, the massive backyard offers endless possibilities with room for a pool, tiki hut, guest house, additional storage, or recreational amenities. The home offers tremendous flexibility and income-producing potential, featuring private living spaces, spacious bedrooms, and dedicated bathrooms. Important: ***Property is subject to an existing code violation related to unpermitted/illegal efficiency units. Property is being sold AS-IS. Buyer shall assume responsibility for conducting all inspections and due diligence regarding permits, code compliance, zoning, and any corrective actions that may be required by the municipality. Seller makes no representations regarding the legality or future use of the existing improvements.*** With no HOA and no rental restrictions, opportunities like this are becoming increasingly rare in South Florida. Whether you're seeking a primary residence with supplemental income, a multigenerational living solution, or a high-cash-flow investment property, this unique Cutler Bay opportunity offers exceptional versatility, strong income potential, and endless possibilities.
Facts & features
The home at a glance
4
Bedrooms
2
Bathrooms
2,471
Sqft
0.19 ac
Lot size
1958
Year built
One
Levels
$219
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 — not generic estimates.
$3,879 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$3,879/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.
$/sqft vs Miami actives
$219 vs $513
Days on market
63 vs 66 typical
Where $219/sqft sits among the 400 Miami 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 Bel Aire
Get to know Miami. See the full Miami guide →
Bel Aire — neighborhood snapshot
Population
4,049
Median age
38
Median income
$78,376
Median home value
$360,591
Avg household
3
Households w/ children
440
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
35 of 400
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 14% above the MIAMI 33157 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 18615 SW 98TH AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$966,190
10230 Bahia Drive, Cutler Bay FL 33189
4 bd · 3 ba · 2,533 sqft · $381/sqft · 38 DOM
Sold · Jun ’26$687,000
9500 Caribbean Blvd, Cutler Bay FL 33189
3 bd · 3 ba · 2,664 sqft · $258/sqft · 6 DOM
Sold · Sep ’25$690,000
8671 SW 200th St, Cutler Bay FL 33189
4 bd · 2 ba · 2,259 sqft · $305/sqft · 20 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 18615 SW 98TH AVENUE — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 18615 SW 98TH AVENUE — 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
18615 SW 98TH AVENUE FAQs
What would the monthly payment be for 18615 SW 98TH AVENUE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,879/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 18615 SW 98TH AVENUE?+
The most recent tax bill on record (2025) was $3,612. 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 Miami?+
At $539,999, this home is listed about 11% below the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 18615 SW 98TH AVENUE?+
Bel-Aire Elementary School (elementary), Cutler Bay Middle (middle), Miami Southridge Senior High (high), 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.
Keep looking
Similar homes nearby
Listing courtesy of RICHARD PETERS REALTY LLC · Ronald Ryder. MLS #TB8514478.
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 Stellar MLS.
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