Welcome to a rare opportunity in Cutler Bay—an exclusive TWO-ACRE parcel primed for transformative development. Strategically located on a main road and one of the last available plots of its size, this UNIQUE land offers immense potential for COMMERCIAL rezoning. Adjacent to the new PUBLIX market, it's poised to become a thriving commercial hub. In a market of rising interest rates, securing this parcel with owner financing could be your key investment. With potential for exclusive facilities like a church or medical building, and neighboring Cornerstone Church, this property is a cornerstone of community growth. Don't miss out—seize this opportunity for visionary development today!!!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$9,550
Per Month
Principal & Interest
$9,483
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,763
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Gulfstream Elementary School
20900 SW 97th Ave
Distance between this listing and this school0.37 miles
Public District Grades PK-5
7
/10
Cutler Ridge Elementary School
20210 Coral Sea Rd
Distance between this listing and this school0.72 miles
Public District Grades PK-5
7
/10
Dr. Edward L. Whigham Elementary School
21545 SW 87th Ave
Distance between this listing and this school1.07 miles
Public District Grades PK-5
Nearby Schools
4
/10
Cutler Bay Academy of Advanced Studies, Cutler Ridge Campus
19400 Gulfstream Rd
Distance between this listing and this school0.87 miles
Public Magnet Grades 6-8
8
/10
Mater Academy Bay Middle School
22025 SW 87th Ave
Distance between this listing and this school1.33 miles
Public Charter Grades 6-8
5
/10
Coral Reef Montessori Academy Charter
10853 SW 216th St
Distance between this listing and this school1.50 miles
Public Charter Grades KG-8
Nearby Schools
9
/10
Cutler Bay Senior High School
8601 SW 212th St
Distance between this listing and this school0.87 miles
Public Magnet Grades 9-12
8
/10
Mater Academy Bay High School
22025 SW 87th Ave
Distance between this listing and this school1.33 miles
Public Charter Grades 9-12
4
/10
Miami Southridge Senior High School
19355 SW 114th Ave
Distance between this listing and this school2.14 miles
The neighbors living near this home have an average income of $34,597. The most common annual income of people living in Cutler Bay, FL is less than $35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 20650 Old Cutler Rd
What is the listing price of this property?
The listing price of 20650 Old Cutler Rd property is $1,900,000.
What type of property is this?
The property 20650 Old Cutler Rd is land located in Cutler Bay, Florida, 33189.
Is this property for sale now?
Active Listing: 20650 Old Cutler Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $5,580 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 20650 Old Cutler Rd in Cutler Bay, FL and zip code 33189 in the Cutler Ridge neighborhood. This home sits on a 1.99 acre lot. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $1,900,000.
Cutler Bay, FL housing market in October 2024 saw over 2 listings sold above listed price, more than 8 sold at listed price and over 25 sold below. The number of homes for sale in Cutler Bay, FL increased by 7.1% between September 2024 and October 2024. Listings spent 54 days on the market in October 2024, and had a median list price of $580,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.
Basketball
Basketball
Horse Races
Mexican League Soccer
Ross Dress For Less
Stein Mart
Burlington
Jasons Deli
LongHorn Steakhouse
Church's Chicken
Acura
Buick
Chevrolet
Rhythmic Contemporary Hits
Contemporary Inspirational
Urban Adult Contemporary