10350 SW 220th St Apt 241
Cutler Bay, FL 33190 · condos · For Sale · 16 days on market
Asking price$190,000
2 beds 2 baths 940 sqft
Listed by Ian Welch with Inspired Lifestyle Realty · INSPIRED LIFESTYLE REALTY, LLC
Typecondos
Built1974
Price / sqft$202
Est. value (Realtor.com)$196,500
Rent estimate (own analysis)$1,900/mo
HOA$43/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-17
Removed date—
MLSMiamiMLS #A12072964
Coordinates25.56200, -80.35932
Address10350 SW 220th St Apt 241
CityCutler Bay
StateFL
Zip33190
Listing ID5425067055
Sourceus-real-estate-listings, cached 2026-08-28
Listing description
Opportunity knocks in Cutler Bay! This spacious 2-bedroom, 2-bathroom condo offers approximately 940 sq. ft. of comfortable living space and a functional layout designed for everyday living. With two full bathrooms and generously sized living areas, this home provides the flexibility today's buyers are looking for-whether you're searching for your first home, downsizing, or adding another property to your portfolio. Conveniently located in South Miami-Dade, you'll enjoy easy access to major roadways, shopping, dining, schools, parks, and everything the Cutler Bay area has to offer. **Why keep renting when you can own?** This is a great opportunity to secure a 2-bedroom, 2-bath property at an attractive entry point in the South Florida market.
Property information
Homeowners Association
- Association: Yes
- Association Fee: 518
- Association Fee Frequency: Annually
- Association Fee Includes: Amenities, CommonAreas, MaintenanceGrounds, MaintenanceStructure, Sewer, Water
- Calculated Total Monthly Association Fees: 43
- Senior Community: No
Rental Info
- Lease Considered: No
Other Property Info
- Annual Tax Amount: 2312
- Source Listing Status: Active
- County: Miami-Dade
- Directions: google maps
- Tax Year: 2025
- Restrictions: LimitedNumberVehicles, OkToLease
- Source Property Type: Residential
- Area: 60
- Property Subtype: condo
- Source Neighborhood: CUTLER CREEK VILLAGE COND
- Parcel Number: 30-60-17-005-1000
- Postal City: Cutler Bay
- Postal Code Plus 4: 1504
- Public Survey Range: 60
- Public Survey Section: 17
- Public Survey Township: 30
- Subdivision: CUTLER CREEK VILLAGE COND
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 940
- Year Built: 1974
- Building Area Total: 940
- Construction Materials: Block
- Entry Level: 2
- Entry Location: 2
- Property Age: 52
- Property Attached: Yes
- Building Total Stories: 2
- Year Built Details: Effective Year Built
- Architectural Style: GardenApartment
Property features
Interior Features
- Pantry
- WalkInClosets
- Flooring: CeramicTile
Appliances
- ElectricRange
- Refrigerator
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Central
- Heating: Yes
Exterior and Lot Features
- Balcony
- Patio And Porch Features: Balcony, Screened
Garage and Parking
- Parking Features: TwoOrMoreSpaces
Condo Info
- Unit Location: Garden Apartment
Home Features
- Security Features: ComplexFenced
Annual property tax
| Year | Assessed value | Tax paid |
|---|---|---|
| 2025 | $114,859 | $2,315 |
| 2024 | $114,859 | $2,266 |
| 2023 | $94,926 | $2,187 |
| 2022 | $86,297 | $1,600 |
| 2021 | $78,452 | $1,505 |
| 2020 | $71,320 | $1,404 |
| 2019 | $64,837 | $1,326 |
| 2018 | $58,943 | $1,182 |
| 2017 | $70,865 | $1,061 |
| 2016 | $48,714 | $923 |
| 2015 | $44,286 | $857 |
| 2014 | $40,260 | $753 |
| 2013 | $39,191 | $740 |
| 2012 | $35,630 | $662 |
| 2011 | $32,390 | $609 |
| 2010 | $43,180 | $885 |
| 2009 | $78,512 | $741 |
| 2008 | $78,434 | $727 |
| 2007 | $76,150 | $951 |
Real multi-year tax history from US Real Estate Listings.
Listings history
Each provider's latest estimate
| Valuation provider | As of | Estimate |
|---|---|---|
| Collateral Analytics | 2026-08-13 | $229,000 |
| Cotality™ | 2026-08-10 | $196,500 |
| Quantarium | 2026-08-26 | $187,542 |
Independent automated valuation models, none of them Realtor.com's own. They disagree — that spread is why the chart draws a band rather than one line.
| Date | Event | Price |
|---|---|---|
| 2026-08-17 | Listed | $190,000 |
| 2021-11-30 | Listing removed | $140,000 |
| 1998-11-09 | Sold | $34,000 |
| 1991-05-09 | Sold | $38,600 |
| 1989-03-02 | Sold | $34,500 |
| 1985-06-01 | Sold | $35,000 |
Real listing/price/sale history from US Real Estate Listings.
Permits history
No permit records on file for this address.
ZIP market snapshot (33190)
Median sale price$419,900
Median days on market (sale)82
Active sale listings119
Median rent$2,600/mo
Median days on market (rent)48
Active rental listings93
Real ZIP-wide statistics from RentCast, as of 2026-08 (fetched 2026-08-29) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 4 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33190 (≥4 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $190,000 |
| Down payment (20.0%) | $38,000 |
| Loan amount | $152,000 |
| Closing costs (5.0%) | $9,500 |
| Total cash to close | $47,500 |
| Income | |
| Rent (comp-derived) | $1,900$22,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,748$20,976 |
| Operating expenses | |
| Property tax (real billed amount, county tax history) | $193$2,315 |
| Insurance (est. scaled by flood & wind risk) | $279$3,344 |
| HOA dues | $43$516 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $95$1,140 |
| Total operating expenses | $610$7,315 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $95$1,140 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 2 | 2 | 940 | $1,800 | 2026-06-12 | — | |
| condos | 2 | 2 | 817 | $1,950 | 2026-06-10 | — | |
| condos | 2 | 2 | 940 | $1,900 | 2026-05-28 | — | |
| condos | 2 | 2 | 809 | $2,300 | 2026-08-19 | — | |
| condos | 2 | 2 | 940 | $1,800 | — | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 10350 SW 220th St Apt 236 | condos | 2 | 2 | 940 | $170,000 | 2026-08-17 |
| 22401 SW 88th Pl Unit 12-27 | condos | 2 | 3 | 1,139 | $310,000 | 2026-05-08 |
| 10350 SW 220th St Apt 254 | condos | 2 | 2 | 940 | $171,000 | 2026-04-03 |
| 22731 SW 88th Pl Unit 203 | condos | 2 | 2 | 817 | $250,000 | 2026-03-16 |
| 22311 SW 88th Pl Unit 102-4 | condos | 2 | 2 | 809 | $260,000 | 2026-02-27 |
| 22541 SW 88th Pl Unit 103-6 | condos | 2 | 2 | 809 | $220,000 | 2025-12-15 |
| 22701 SW 88th Pl Unit 203-9 | condos | 2 | 2 | 817 | $248,000 | 2025-11-10 |
| 10370 SW 220th St Apt 113 | condos | 2 | 2 | 940 | $214,000 | 2025-10-06 |
| 22441 SW 88th Pl Unit 204-5 | condos | 2 | 2 | 817 | $278,000 | 2025-09-08 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 22501 SW 88th Pl Unit 5-25 | townhomes | 2 | 3 | 1,139 | $304,000 | — |
| 9125 SW 227th St Unit 1 | townhomes | 2 | 3 | 1,458 | $375,000 | — |
| 22541 SW 88th Pl Unit 105-6 | condos | 2 | 2 | 817 | $285,000 | — |
| 9011 SW 227th St Unit 2 | townhomes | 2 | 3 | 1,458 | $370,000 | — |
| 22931 SW 88th Pl Unit 102 | condos | 2 | 2 | 809 | $249,000 | — |
| 22801 SW 88th Pl Unit 202 | condos | 2 | 2 | 817 | $269,000 | — |
| 9315 SW 221st St | townhomes | 2 | 3 | 1,282 | $399,999 | — |
| 22801 SW 88th Pl Unit 203 | condos | 2 | 2 | 817 | $270,000 | — |
10-year hold projection
IRR12.5%
Equity multiple2.93x
Total return (10yr)$116,498
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $195,700 | $13,661 | $800 | $150,352 | $45,348 |
| 2 | $201,571 | $14,107 | $1,217 | $148,591 | $52,980 |
| 3 | $207,618 | $14,568 | $1,649 | $146,709 | $60,909 |
| 4 | $213,847 | $15,044 | $2,094 | $144,697 | $69,149 |
| 5 | $220,262 | $15,534 | $2,554 | $142,548 | $77,714 |
| 6 | $226,870 | $16,041 | $3,029 | $140,251 | $86,619 |
| 7 | $233,676 | $16,563 | $3,520 | $137,796 | $95,880 |
| 8 | $240,686 | $17,103 | $4,026 | $135,173 | $105,514 |
| 9 | $247,907 | $17,659 | $4,549 | $132,369 | $115,538 |
| 10 | $255,344 | $18,233 | $5,088 | $129,373 | $125,971 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.