8500 SW 179th St, Palmetto Bay FL 33157

For sale Days on market 123

PINEWOOD ESTS 3RD ADDN [ Single Family Residence ]

$1,475,000

$484/sq ft

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Overview

Bedroom

Bath

Year Built

1979

Garage

Sqft

3045

Property Type

Single Family Residence

Property Description

Exceptional Palmetto Bay opportunity combining immediate income, long-term value, and future occupancy flexibility. Currently leased at $8,500/month through March 2027, with the same tenant in place since March 2025, the property offers proven rental history, income stability, and predictable cash flow during the lease term. This fully remodeled luxury residence 5BR/4BA offers 3,045 SF of living space, strong long-term upside, clear pool potential, and future end-user appeal in one of Palmetto Bay’s most desirable residential areas. Ideal for investors, 1031 Exchange buyers, or future homeowners planning ahead who want to secure a quality asset now while benefiting from rental income in the interim. Current lease income may help offset carrying costs during the lease term, creating a compelling opportunity for buyers seeking income today and lifestyle flexibility tomorrow. Qualified offers will be reviewed through May 31st

Property Details

MLS#

A11947680

Garage

Building

PINEWOOD ESTS 3RD ADDN

Address

8500 179th St SW

City

Palmetto Bay

State/county

Zip/Postal Code

33157

Area

Pinewood Ests 3rd Addn

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$13,103

Maint Fee

$--

Tax Year

2024

Dryer

Gas Water Heater

Microwave

Gas Range

Refrigerator

Wall Oven

Garden

Other

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