15689 SW 106th Ln # 705, Miami, FL 33196

About 15689 SW 106th Ln # 705, Miami, FL 33196

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.

How This Listing Compares in Miami

Per square foot, it is asking 18% below the Miami median for sales closed over the last twelve months.

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 15689 SW 106th Ln # 705, Miami, FL 33196

Bathrooms Full

2

Bathrooms Half

0

Interior Features

First Floor Entry, Laundry Tub, Other, Walk-In Closet(s)

Appliances

Dryer, Electric Water Heater, Microwave, Refrigerator, Washer

Flooring

Ceramic Floor, Other

Heating

Central, Electric, Other

Cooling

Ceiling Fan(s), Central Air, Electric, Other

Garage Spaces

2

Parking Features

2 Or More Spaces, Assigned, Guest

Pool Private

No

Year Built Details

Resale

The Building at 15689 SW 106th Ln # 705, Miami, FL 33196

Building Name

vISTA LAGO

Building Area Total

947

Building Area Units

Square Feet

Stories Total

1

Entry Level

1

Association

Yes

Association Fee

$891

Association Fee Frequency

Monthly

Association Amenities

Child Play Area, Clubhouse-Clubroom, Community Room, Other, Other Membership Available, Other Membership Included, Pool

Security Features

Fire Alarm, Smoke Detector, Card Entry, Phone Entry, Guard At Site

Lot, Views & Construction at 15689 SW 106th Ln # 705, Miami, FL 33196

Lot Size Square Feet

0

Waterfront

No

View

Garden View, Other View, None

Construction Materials

Concrete Block With Brick, CBS Construction, Other

Exterior Features

East Of Us1, None, Other, Barbeque, Courtyard

New Construction

No

Taxes & Public Record for 15689 SW 106th Ln # 705, Miami, FL 33196

Parcel Number

30-59-09-049-0690

Tax Annual Amount

$3,343

Tax Year

2,025

Tax Legal Description

VISTA LAGO AT THE HAMMOCKS CONDO UNIT 705 UNDIV 0.005114054% INT IN COMMON ELEMENTS OFF REC 25988-3205 COC 26464-1066 06 2008 1

County Or Parish

Miami-Dade County

Assigned Schools for 15689 SW 106th Ln # 705, Miami, FL 33196

Middle School

Hammocks

High School

Felix Valera

School assignments are provided by the listing and should be independently verified.

Map & Neighborhood