21050 SW 87 AVE, Cutler Bay, FL 33189

21050 SW 87 AVE, Cutler Bay, FL 33189 is a 72-bedroom, 60-bathroom multifamily 10 units plus : multifamily 3 or more units built in 2016 with 43,974 square feet of living space on a 77,493 square foot lot. The property is currently owned by CUTLER AAA 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 2010-07-01 for $124,000, when CUTLER LAKES TH DEV INC sold to CUTLER AAA LLC. The property sold for $4,441,000 less than the prior sale of $4,565,000 on 2003-07-01. There are 3 recorded sales for this property.

The 2025 assessed value is $5,591,747 with a market value of $5,591,747. This breaks down to $387,465 for the land and $5,204,282 for the building. The assessed value increased 5% from $5,330,827 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. 21050 SW 87 AVE, 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 2003 to 2010, with 3 recorded transactions in the public record. The current assessed value represents 4509% of the most recent sale price.

This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $3 per square foot — a key metric for comparing value across Cutler Bay's real estate market..