GROVES AT OLD CUTLER

8298 SW 173rd Ter, Palmetto Bay FL 33157

5 beds · 4.5 baths · 3,047 ft²

For Sale · Active Listing

$1,850,000

Est. Payment $9,846/mo

MLS Sheet

5

Bedrooms

4.5

Bathrooms

3,047

Sq. Ft.

2003

Year Built

2

Garage

0

Days on Market

Description

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.

Facts

MLS#
A12048539
Subdivision
GROVES AT OLD CUTLER
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
2003
Lot Size
20,718 ft²
Sq. Ft.
3,047 ft²
Sq. Mt.
283 m²
Price per sq. ft.
$607/ft²
Price per sq. mt.
$6,537/m²
Stories
Garage
2 spaces
Pool
Days on Market
Listed
Aug 6, 2026
Last Updated
Aug 6, 2026
Price/Lot Sq.Ft.
$89/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Palmetto Bay

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

August 2026

100/100
Buyers marketSellers market

43

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

8/6/2026Listed for sale$1,850,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

8298 SW 173rd Ter, Palmetto Bay FL 33157Directions

Estimated Monthly Payment

$11,538/mo

Principal & Interest

$9,846

Property Tax

$1,542

Insurance

$150

HOA

$0

20% ($370,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.

Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.

Updated 16 hours ago

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