$1,125,000
7504 SW 188th Terrace
Cutler Bay, FL 33157
Explore the area: Cutler Bay homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $1,125,000
- Price per sq ft
- $238
- Vs. nearby sales
- 5.9% below
- Days on market
- 107
This 5-bedroom single-family home in Cutler Cay is listed at $1,125,000, or $238 per square foot. The asking price has come down 6.2% from its original $1,199,000. It has been on the market for 107 days. The 6 most recent single-family home sales in the closings shown below sold at a median of $253 per square foot, so the asking price is 5.9% below what comparable homes here actually sold for.
Estimated monthly payment
$5,912 /mo
Principal and interest only, based on $225,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $509/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $1,125,000
- Days on Site
- 107 Days
- Bedrooms
- 5
- Total Baths
- 4
- Full Baths
- 4
- Partial Baths
- 0
- Living Area
- 4,717 sqft
- Total Sq Ft
- 5,951 sqft
- Lot Size
- 0.21 Acres
- Year Built
- 2006
- Property Type
- Single Family
- MLS #
- A12037372
- Property Tax
- $22,623 (2025)
- HOA Fees
- $509 / Monthly
- Subdivision
- CUTLER CAY
- Development
- Cutler Cay
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Spacious, beautifully maintained, and newly repriced, this 5-bedroom, 4-bathroom Florence model presents an outstanding opportunity to own in the highly sought-after guard-gated community of Cutler Cay.Designed for comfortable everyday living and entertaining, the home features a highly functional floor plan with a large first-floor bedroom and full bathroom—ideal for guests, in-laws, a home office, or multi-generational living. A generous kitchen, spacious living areas, and a 3-car garage provide the space and flexibility today’s buyers are looking for.The home is equipped with impact windows and doors throughout and has been thoughtfully updated with freshly painted interiors and exterior, two A/C units installed in 2022, a new washer and dryer, two new ovens, smart keyless entry, two smart thermostats, and a perimeter mosquito prevention system. The primary suite is enhanced by custom-built cabinetry and a beautiful fireplace, creating a warm and inviting retreat.Ideally located close to the clubhouse, residents enjoy the exceptional lifestyle Cutler Cay is known for, including 24/7 guard-gated security, a resort-style clubhouse and pool, fitness center, basketball and tennis courts, playgrounds, and more.With its new price, generous square footage, desirable Florence floor plan, and extensive features, this home offers exceptional value in Cutler Cay. Come experience it for yourself and discover everything this beautiful home and community have to offer.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Active
- Year Built
- 2006
- Number of Stories
- 2
- Levels
- Two
- Garage Spaces
- 3
- Parking
- Driveway / Garage / Garage Door Opener
- Direction Faces
- South
- Lot Size (Acres)
- 0.21
- Living Sq Ft
- 4,717
- Total Sq Ft
- 5,951
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 0100
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Oven / Refrigerator / Trash Compactor / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Carpet / Ceramic Tile
- Interior Features
- Bidet / Breakfast Area / Bathtub / Dining Area / Separate Formal Dining Room / Dual Sinks / Main Level Primary / Sitting Area In Primary / Soaking Tub / Separate Shower / Upper Level Primary
- Windows
- Blinds / Drapes / Rods
- Total Rooms
- 4
Exterior Features
- Construction
- Block
- Roof
- Barrel
- Architectural Style
- Mediterranean
- Pool Features
- Association
- View
- Garden
Community & HOA
- HOA Fee
- $509 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Internet / Recreation Facilities / Security / Trash
- Association Amenities
- Clubhouse / Fitness Center / Gated / Other / Pool / Security / Tennis Courts
- Community Features
- Home Owners Association
- Security
- Security Guard
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional
- MLS Area
- 2600
This home's HOA fee works out to $509 a month, in line with the $508 median across 18 homes for sale in Cutler Cay. See Cutler Cay HOA fees
Schools
- Elementary School
- Dr. Edward L. Whigham
- Middle School
- Cutler Bay Middle
- High School
- Miami Southridge
About the Community
Cutler Cay is a community in Cutler Bay, Miami-Dade County, Florida. Active listings are priced from $840,000 to $2,200,000. Homes were built between 2004 and 2007. Pure Equity lists homes in Cutler Cay and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 18
- Under Contract
- 5
- Median List Price
- $1,142,000
- Median $/Sq Ft
- $269
- Avg Days on Market
- 71
Frequently Asked Questions
- How do I schedule a tour of 7504 SW 188th Terrace, Cutler Bay, FL 33157?
- Use the Tour button on this listing to request a showing of 7504 SW 188th Terrace, Cutler Bay, FL 33157. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 7504 SW 188th Terrace, Cutler Bay, FL 33157 still available?
- 7504 SW 188th Terrace, Cutler Bay, FL 33157 is currently listed as Active, and has been on the market 107 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 7504 SW 188th Terrace, Cutler Bay, FL 33157?
- With 20% down ($225,000) on the $1,125,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 7504 SW 188th Terrace, Cutler Bay, FL 33157 is about $5,912/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 7504 SW 188th Terrace, Cutler Bay, FL 33157?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 7504 SW 188th Terrace, Cutler Bay, FL 33157. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 7504 SW 188th Terrace, Cutler Bay, FL 33157 have an HOA fee?
- Yes: 7504 SW 188th Terrace, Cutler Bay, FL 33157 carries an HOA fee of about $509 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 7504 SW 188th Terrace, Cutler Bay, FL 33157?
- 7504 SW 188th Terrace, Cutler Bay, FL 33157 is zoned for Dr. Edward L. Whigham (elementary), Cutler Bay Middle (middle), Miami Southridge (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 7504 SW 188th Terrace, Cutler Bay, FL 33157?
- Often, yes. The right offer on 7504 SW 188th Terrace, Cutler Bay, FL 33157 depends on how it's priced against comparable single family sales in Cutler Bay, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Compass Florida, LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$1,125,000
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Listed by Alicia C Levy, Compass Florida, LLC
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Recent Sales
Recently sold homes in Cutler Cay
These are the last 6 recorded closings in Cutler Cay, with the price each home actually sold for rather than what it was listed at. They closed at a median of $272 per square foot. The most recent closed on October 1, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,101,000
Sold · October 1, 2026
7965 SW 195th Street
5 bed · 4 bath · 4,717 sqft · $233/sqft
$49,000 under the asking price
Sold$830,000
Sold · September 15, 2026
7753 SW 193rd Street
5 bed · 4 bath · 3,945 sqft · $210/sqft
$58,777 under the asking price
Sold$850,000
Sold · July 20, 2026
19528 SW 79th Place
5 bed · 3.5 bath · 3,061 sqft · $278/sqft
$40,000 under the asking price
Sold$1,100,000
Sold · July 17, 2026
7613 SW 188th Terrace
5 bed · 4 bath · 4,717 sqft · $233/sqft
$100,000 under the asking price
Sold$1,085,000
Sold · June 1, 2026
7996 SW 195th Street
5 bed · 4.5 bath · 3,982 sqft · $272/sqft
$65,000 under the asking price
Sold$1,339,000
Sold · May 20, 2026
7786 SW 188th Terrace
5 bed · 4 bath · 3,945 sqft · $339/sqft
$39,000 over the asking price
See every recorded sale in Cutler Cay or find out what your Cutler Cay home is worth.
