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Buildings/Cutler Bay/PARADISE POINTE CONDO

Value

PARADISE POINTE CONDO

11050 SW 196th St, Unincorporated County 33157

2005

Year Built

Units

For Sale

$200K

Avg Price

$247

Sale $/SF

—

For Rent

—

Avg Rent

$2.35

Rent $/SF

+8.1%

YoY

For Sale

For Rent

Investor-Owned

78%

Avg HOA

$662/mo

Building Details

Address

11050 SW 196th St, Unincorporated County, 33157

Neighborhood

Cutler Bay

Year Built

2005

Total Units

Avg Unit Sqft

807 SF

Tier

Value

Avg $/SF

$247.22

Rent $/SF

$2.35/SF

HOA Range

$662 – $662

Neighborhood Rank

Top 58%

Avg Unit Value

$187K

Total Sales (All-Time)

149

Investment Analysis

Yield Metrics

Rental Yield (annualized)—

YoY Appreciation+8.1%

Total Yield143.9%

Liquidity & Demand

Closed Sales (120d)0

Investor-Owned78%

For Sale1

For Rent0

Top 58%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$247

Rental Price Trend ($/SF)

$2.44

+11.4%

Building Activity

Closed Sales (120d)

transactions

Low volume

Sales & Listings

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Aug 9, 2024	$240K	$296.66	2/2	809
Jul 2, 2024	$235K	$290.48	2/2	809
May 18, 2024	$250K	$309.02	2/2	809
Jan 31, 2024	$230K	$284.3	2/2	809
Sep 27, 2023	$238K	$293.57	2/2	809
Jul 31, 2023	$250K	$309.02	2/2	809
Oct 14, 2022	$215K	$265.76	2/2	809
May 24, 2022	$180K	$222.5	2/2	809
Mar 1, 2022	$170K	$210.14	2/—	809
Jan 12, 2022	$170K	$210.14	2/2	809
Aug 16, 2021	$152K	$187.89	2/2	809
May 28, 2021	$140K	$173.05	2/2	809
Oct 14, 2020	$105K	$129.79	2/2	809
Aug 6, 2020	$128K	$140.04	2/2	914
Nov 26, 2019	$135K	$166.87	2/2	809
Sep 9, 2019	$105K	$129.79	2/2	809
Aug 23, 2019	$105K	$129.79	2/2	809
Aug 5, 2019	$120K	$148.33	2/2	809
May 5, 2019	$106K	$131.03	2/2	809
May 22, 2018	$75K	$92.83	2/2	809
Jan 25, 2018	$95K	$103.39	2/2	914
Jan 5, 2018	$80K	$98.89	2/2	809
Dec 29, 2017	$97K	$119.9	2/2	809
Dec 15, 2017	$90K	$111.25	2/2	809
Dec 12, 2017	$84K	$91.36	2/2	914

Units & Ownership

Total Units

Avg Sqft

807 SF

Avg Assessed

$122K

Owner-Occupied

22%

Tax & Ownership

Investor-Owned

78%

Owner-Occupied

22%

Avg Assessed Value

$122K

Avg Taxable Value

$114K

Effective Year Built

2005

Zoning

3900

Unit Mix

1 BR3

Avg 625 SF

2 BR51

Avg 817 SF

Unit Directory

Showing 10 of 54 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
103	2	2	809	$129K	—	$40K	$50	Oct 2010
104	2	2	809	$129K	—	$105K	$130	Sep 2019
105	2	2	809	$129K	—	$66K	$81	Aug 2014
106	2	2	809	$99K	—	$114K	$141	May 2005
107	2	2	809	$157K	—	$106K	$131	May 2019
108	2	2	914	$105K	—	$123K	$135	May 2005
109	2	2	809	$188K	—	$250K	$309	Jul 2023
110	2	2	809	$125K	—	$36K	$44	Apr 2012
111	2	2	809	$37K	✓	$150K	$185	Sep 2005
112	2	2	809	$37K	✓	$165K	$204	Oct 2006