20425 OLD CUTLER RD, Cutler Bay, FL 33189
Parcel: 3660090180040 · Community Shopping Center · Retail Outlet · Zoning: 6103
Assessed Value (2025)
$20,097,000
Property Details
Living Sqft
100,712
Year Built
1987
Lot Sqft
383,199
Stories
1
COMMUNITY SHOPPING CENTER : RETAIL OUTLET
Sales History
1
$21,200,000
2010-12-21
OLD CUTLER TOWNE CENTER → THE REALTY ASSOCIATES FUND IX L P
2
$31,500,000+49%
2017-12-14
C/O TA ASSOCIATES REALTY → OLD CUTLER PLAZA LLC
Tax Assessment History
$20,097,000
Assessed (2025)
$20,097,000
Market Value
$20,097,000
Taxable Value
$409,159
Annual Tax
2024
$20,041,688
2025
$20,097,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $20,097,000 | $20,097,000 | $20,097,000 | $409,159 | $4,598,388 | $15,498,612 |
| 2024 | $20,041,688 | $20,041,688 | $20,041,688 | $408,033 | $4,598,388 | $15,443,300 |
About 20425 OLD CUTLER RD, Cutler Bay, FL 33189
20425 OLD CUTLER RD, Cutler Bay, FL 33189 is a community shopping center : retail outlet built in 1987 with 100,712 square feet of living space on a 383,199 square foot lot. The property is currently owned by OLD CUTLER PLAZA LLC, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2017-12-14 for $31,500,000, when C/O TA ASSOCIATES REALTY sold to OLD CUTLER PLAZA LLC. The property has appreciated $10,300,000 (49%) since the prior sale of $21,200,000 on 2010-12-21. The 2025 assessed value is $20,097,000 with a market value of $20,097,000.
This breaks down to $4,598,388 for the land and $15,498,612 for the building. The assessed value increased 0% from $20,041,688 in 2024. The median household income in this area is $67,095, and the median home value is $480,200.
The population density is 6,121 people per square mile. 20425 OLD CUTLER RD, Cutler Bay, FL 33189 is located in Cutler Bay, Florida. Property records, tax assessments, sales history, and ownership information for this Cutler Bay property are sourced from miami_dade County public records.
The complete ownership history of this property spans from 2010 to 2017, with 2 recorded transactions in the public record. The current assessed value represents 64% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase.
Based on the most recent sale, this property traded at $313 per square foot — a key metric for comparing value across Cutler Bay's real estate market..
Building Permits (11)
| Permit # | Type | Description | Status | Date | Cost |
|---|---|---|---|---|---|
| C2003032572 | electrical | expired | — | ||
| N1995099492 | mechanical | expired | — | ||
| S1995048359 | plumbing | expired | $300 | ||
| B1994144969 | plumbing | expired | — | ||
| K1994018141 | plumbing | expired | — | ||
| N1987036625 | lpgx | expired | — | ||
| N1987060495 | lpgx | expired | — | ||
| C1987038506 | mechanical | expired | — | ||
| N1987038443 | plumbing | expired | — | ||
| S1987036593 | electrical | expired | — | ||
| C1987036592 | mechanical | expired | — |
Current Owner
OLD CUTLER PLAZA LLC
18610 NW 87 AVE STE 204, HIALEAH, FL, 33015
Since: 2026-04-19
View owner profile →
Est. Annual Insurance
$201,370 — $362,546
Flood $400 — $800
Property/Wind $200,970 — $361,746
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$67,095
Median Home Value$480,200
Pop. Density6,121/sq mi
Neighborhood 20425
100%
Owner-Occ
0%
Investor
0
Flips (4yr)
0
New Biz (3yr)
Distress Risk
MODERATE
28
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