8298 SW 173rd Ter
Palmetto Bay, FL 33157
$1,850,000
$607/ft²
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.
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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