Condominium for sale

$310,000

15689 SW 106th Ln #705Miami, FL 33196

  • 2 Beds
  • 2 Baths
  • 947 Sq ft
  • 1988 Built

About this home

Attention Investors! Turnkey investment opportunity in the highly sought-after community of Vista Lago, located within the prestigious Hammocks association. Currently rented at $2,400 per month, this spectacular 2-bedroom, 2-bathroom (2/2) residential unit, located at 15689 SW 106th Ln, Unit 705, features an efficient split floor plan with beautiful laminate flooring throughout. Designed to maximize space, privacy, and natural light, the unit comes fully equipped with modern stainless steel appliances and an in-unit washer and dryer. It conveniently includes two assigned parking spaces and pets are allowed. Showing requires a 24-hr notice.
This property stands out for its exceptional contractual stability, featuring a secured lease agreement in place with a reliable tenant that expires on December 31, 2027. This rare long-term lease offers unparalleled peace of mind and guaranteed immediate cash flow for the savvy investor, shielding your investment from unexpected market vacancies.
The gated Vista Lago community offers a strategic location with quick access to major highways, shopping centers, top-rated schools, and beautiful Hammocks recreational amenities. The unit is subject to two separate HOA fees: a monthly fee of $891.78 and a quarterly fee of $212.38, ensuring a safe, clean, and beautifully maintained environment. Do not miss out on this hassle-free addition to your real estate portfolio! It is an excellent, truly low maintenance pick for passive income generation.

Details

MLS #
A12098274
Property type
Condominium
Status
Active
Days on market
0
Neighborhood
VISTA LAGO AT THE HAMMOCK
County
Miami-Dade County
HOA / association fee
$891 monthly
Property taxes
$3,343 (2025)
Waterfront
No
Private pool
No
View
Garden View, Other View, None
Garage spaces
2
Cooling
Ceiling Fan(s), Central Air, Electric, Other
Interior features
First Floor Entry, Laundry Tub, Other, Walk-In Closet(s)
Exterior features
East Of Us1, None, Other, Barbeque, Courtyard
Appliances
Dryer, Electric Water Heater, Microwave, Refrigerator, Washer

Location

Estimated payment

$2,737/mo with 20% down at 6.5% for 30 years, including taxes and HOA, before insurance.

Adjust in the mortgage calculator

Listing courtesy of Stonewater Global Realty · Graciela Bermudez. Listing last updated September 30, 2026 10:00 PM.

REALTOR® and MLS logo

The multiple listing information is provided by the MIAMI Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 MIAMI Association of REALTORS®. All rights reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated October 29, 2026 8:31 PM.

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