8298 Southwest 173rd Terrace

Off Market

8298 Southwest 173rd Terrace

Palmetto Bay FL 33157

3889 sq. ft.

20718 sq. ft.

Single-Family

Last sold for $1,680,000

Patricia Sanders, last sold this property on 26 August 2026 after 19 days on market.

Overview

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.

Features

5 bedrooms

5 bathrooms

2 carspaces

2 garage spaces

3889 sq. ft. floor area

20718 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Palmetto Bay over the last 12 months, the estimated median property value of 8298 Southwest 173rd Terrace is $1.21m.

Median value

$1.21m

Estimated value range

$550k - $3.2m

Median days on market

Estimated value trend

10%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Palmetto Bay. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 8298 Southwest 173rd Terrace

2026

Sold

$1,680,000

26 Aug 2026 by Patricia Sanders, of REALTY HUB

2023

Sold

$1,330,000

17 Feb 2023 by Christine Stiphany, of Unknown Agency

Happy sellers in Palmetto Bay

82%

82% of sellers in Palmetto Bay reported that their sale price either exceeded or met their price expectations.

Palmetto Bay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 24 reviews in Palmetto Bay over the last 12 months.

Local market activity for 5 bedroom single-family properties in Palmetto Bay

In the last 12 months, 83 five-bedroom single-family properties similar to 8298 Southwest 173rd Terrace, have been sold.

This represents a 12% increase in five-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Palmetto Bay for a market analysis.

Maggie Salas

at Bestway Realty Sales, LLC

(14 reviews)

Get a market analysis

Fritz Wagor

at Keller Williams Premier Properties

(37 reviews)

Get a market analysis

Yohan Miranda

at LUXE PROPERTIES

(36 reviews)

Get a market analysis

Gonzalo Cordoba

at Maximum Profit Network brokered by eXp Realty

(35 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Palmetto Bay

Maggie Salas

Maggie Salas is an award winning recommended agent for Palmetto Bay. They have 11 local sales and collected 5 local reviews across the last 12 months.