GROVES AT OLD CUTLER
8298 SW 173rd Ter, Palmetto Bay FL 33157
5 beds · 4.5 baths · 3,047 ft²
$1,850,000
Est. Payment $9,846/mo
5
Bedrooms
4.5
Bathrooms
3,047
Sq. Ft.
2003
Year Built
2
Garage
7
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
- 7 days
- Listed
- Aug 6, 2026
- Last Updated
- Aug 26, 2026
- Price/Lot Sq.Ft.
- $89/ft²
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Market insights for Palmetto Bay
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
September 2026
47
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).
| 8/26/2026 | Sold | $1,850,000 |
| 8/6/2026 | Listed 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
Estimated Monthly Payment
$11,538/mo
Principal & Interest
$9,846
Property Tax
$1,542
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
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 within 24 hours
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