Lakes by the Bay Jay
Homes for Sale in Cutler Bay, FL

Lakes by the Bay Jay market snapshot (as of September 20, 2026): the median sale price is about $401K ($243 per sq ft over the trailing 12 months of closed sales), and a median 47 days on market for closed sales. The trailing-12-month median is down 9% from the prior 12 months, computed from record-level MIAMI MLS closed sales (10 closings in the current window).

In ZIP 33185 (Cutler Bay), 155 homes closed in the last 12 months at a median of $715K ($323/sq ft), down 0.1% year over year, with a median 58 days on market. Right now 51 active and 15 pending listings — a balanced market. See the live ZIP 33185 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 97 homes in LAKES BY THE BAY JAY that have changed hands since 2009, built between 2005 and 2007 (median 2005), with a median living area of about 1,705 sq ft and a typical 3-bedroom, 2.5-bath layout; 95% are townhomes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

This is a smaller-volume market where price per square foot ($250.33) gives a more stable read than the median alone, given how few closings are informing the numbers.

The year-over-year decline of 9.7% is the headline number here, and it is not a rounding error — it reflects a genuine shift in what buyers are willing to pay. Paired with a median 58 days on market, this is not a community where homes are moving quickly at asking price. Sellers testing the top of the range are the ones most likely to see extended time on market.

With only 11 closings feeding the current snapshot, no single sale should be read as gospel for what a specific home is worth. The price-per-square-foot figure of $250.33 is the more durable data point for underwriting an offer or a listing price, since it normalizes for size differences across a thin sample. No community amenities are listed in current MLS data, so value here is being driven by the homes themselves — condition, layout, lot — rather than shared features.

In a low-volume, declining market, the comps get harder to read, not easier — a handful of sales can swing the median in either direction. We pull the underlying sales, not just the headline number, so an offer or a list price is built on what is actually closing, not a stale year-over-year average.

Listings in this community report association dues of about $125 per month ($1,500 a year) — the median AssociationFee across 4 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.