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HELLOCONDO BUYER'S BRIEF

1-Bedroom Condos Under 500k in Lakes by the Bay Cutler Bay, FL

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Star IconWhat to know
  • Lakes by the Bay features a diverse population that largely consists of young professionals and families.
  • The largest demographic group is aged 35 to 39, with a household income of up to $71,317.

Market Overview

AVG. DAYS ON MARKET
76
Trending Down2.99% year over year
AVG. SOLD PRICE
$243,000
Trending Up5.35% year over year

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Frequently Asked Questions About Cutler Bay, FL

What is it like to live in Lakes by the Bay, Cutler Bay, FL?

Living in Lakes by the Bay offers a suburban lifestyle with access to parks, shopping centers, and recreational facilities. The community includes family-friendly amenities and is known for its waterfront views. Residents enjoy a diverse environment with a strong sense of community involvement.

Is Lakes by the Bay, Cutler Bay, FL expensive?

Lakes by the Bay is considered moderately expensive, with housing prices typically above the national average. The cost of living reflects a combination of residential amenities and proximity to Miami, contributing to overall higher housing costs.

What is the weather of Lakes by the Bay, Cutler Bay, FL?

Lakes by the Bay has a tropical rainforest climate, characterized by warm temperatures year-round. Summers are hot and humid with average highs in the mid-90s °F, while winters are mild with lows in the 50s °F. The area receives significant rainfall, particularly from May to October, which is also the hurricane season.

How safe is Lakes by the Bay, Cutler Bay, FL?

Lakes by the Bay is generally considered a safe community within Cutler Bay, with crime rates that are lower than the national average. The area is primarily residential, contributing to a sense of security among residents.