11040 SW 196th St

Cutler Bay, FL 33157

$198,000

$245/ft²

2Beds

2Baths

809Sq ft

2005Year built

CondoType

About this home

LOCATION AND VALUE MEET: Bring your creative mind only and see this VACANT unit! Welcome to comfort, convenience, and value in one of South Miami-Dade's fastest-growing neighborhoods. This bright and spacious 2-bed/2-bath (one bathtub, one shower) unit has a balcony, in-unit washer/dryer, and (1) assigned parking space, with ample guest parking available for visitors. Located within a gated community with security patrol, this maintained condominium complex sits at the end of a quiet cul-de-sac, providing privacy while remaining just moments from US-1 and the Florida Turnpike for effortless commuting throughout Miami-Dade. Residents enjoy a variety of on-site amenities, including a swimming pool, children's playground, mini market, laundry facilities, and professional on-site management located in Tower 11040, making everyday living both convenient and worry-free. Whether you're relaxing at home or taking advantage of the community amenities, this residence offers an ideal balance of comfort and accessibility in a location experiencing exciting growth and redevelopment. Utilities: Residents are responsible for water, electricity, internet/cable, and any optional utility services. HOA includes pest control. No current special assessments. Owners are OK to lease upon closing (rental minimum term 1-year, no short terms allowed). This is an excellent opportunity to enjoy a secure, amenity-rich community in a prime location with everything you need just minutes away.

Property details

Listing

MLS #: A11979701
Status: For sale
Listed on: Mar 25, 2026
Days on market: 137 days
Listing data updated: Aug 2, 2026

Interior

Beds: 2
Baths: 2
Living area: 809 ft²
Price per ft²: $245/ft²
Unit: 203

Building & community

Type: Condo
Year built: 2005
HOA fee: $640/mo
County: Miami-Dade

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $1,001
Property taxes (est.): $182
Home insurance (est.): $233
Flood insurance (est.): —
HOA fee: $640

Estimated total$2,056*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?