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For sale

8298 SW 173rd Ter

Palmetto Bay, FL 33157

$1,850,000

$607/ft²

5Beds
4.5Baths
3,047Sq ft
2003Year built
Single-family homeType

About this home

Rarely available canal-front estate on the largest homesite in the gated Groves at Old Cutler. Set on approximately 0.48 acres, this exceptional 5-bedroom, 4.5-bath custom residence offers privacy, waterfront living, and expansive outdoor space in Palmetto Bay. **Built in 2003, this thoughtfully designed home features soaring 14-foot ceilings, an open-concept floor plan, split-bedroom layout, wood flooring, plantation shutters, wide crown molding, abundant natural light, custom built-in entertainment wall, wet bar, and spacious kitchen connected to the family room. **The private primary suite features a spa-inspired bathroom with soaking tub, separate walk-in shower, dual vanities, two walk-in closets, and access to the covered patio. **Designed for South Florida living, the expansive backyard offers a heated pool, covered patio, lush green space, and peaceful C-100 Canal views. Enjoy kayaking, fishing, entertaining, or relaxing in your private waterfront setting. The oversized lot provides flexibility for recreation, pets, and future enhancements. **A dedicated side parking area accommodates a boat, RV, trailer, golf cart, or recreational vehicles—an uncommon advantage within a gated community. **Ideally located near Deering Estate, Coral Reef Park, Black Point Park & Marina, shopping, dining, and top-rated schools, this Groves at Old Cutler residence offers a rare opportunity to own one of Palmetto Bay’s distinctive waterfront properties.

Features

  • Waterfront

Property details

Listing

MLS #
A12048539
Status
For sale
Listed on
Aug 6, 2026
Days on market
3 days
Listing data updated
Aug 7, 2026

Interior

Beds
5
Baths
4.5
Living area
3,047 ft²
Price per ft²
$607/ft²

Building & community

Type
Single-family home
Year built
2003
HOA fee
$116/mo
County
Miami-Dade

Lot & exterior

Lot size
20,718 ft²
Waterfront
Yes

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)
$9,355
Property taxes (est.)
$1,696
Home insurance (est.)
$600
Flood insurance (est.)
HOA fee
$116

Estimated total$11,767*/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?

Location

Mortgage calculator

$9,355/moEstimated principal & interest. Taxes, insurance, and HOA are not included. This is an estimate, not a quote or financial advice.

Equal Housing Opportunity

This listing is courtesy of Realty Hub.

Patricia Sanders · 407-704-0221 · tsanders.realtor@gmail.com · 4077040221

Data deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

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