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15689 SW 106th Ln # 705, Miami FL 33196

Condo/Co-op For Sale
$310,000

BTC: 3.75848691

ETH: 116.98113208

New
2 bds
2 ba
947 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Assigned / Guest
Year Built:
1988
Lot:
No Data
Heating:
Central / Electric / Other
Price/sqft:
$327
Cooling:
Ceiling Fan(s) / Central Air / Electric / Other
HOA:
$891

Valuation

Our model vs. what's actually selling nearby.
Estimate
$190,500
$165K – $280K
Confidence Low
List vs. estimate
$119K above estimate
List $310,000 · +62.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$327
-43.1% vs. city median $575
Based on
130 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $340K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,343
2025
HOA
$891/mo
View
Garden View, Other View
Garage
2 car garage
All facts and features
  • Flooring

    • Ceramic Floor

    • Other

    Heating

    • Central

    • Electric

    • Other

    Cooling

    • Ceiling Fan(s)

    • Central Air

    • Electric

    • Other

    Appliances

    • Dryer

    • Electric Water Heater

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • First Floor Entry

    • Laundry Tub

    • Other

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • 2 Or More Spaces

    • Assigned

    • Guest

    Property

    • Exterior Features: East Of Us1 / None / Other / Barbeque / Courtyard

    Other Property Information

    • Parcel Number: 30-59-09-049-0690

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $891

    • HOA Frequency: Monthly

    • Annual tax amount: $3,343

  • Source details

    • MLS ID: A12098274

    Other facts

    • Construction Materials: Concrete Block With Brick / CBS Construction / Other

    • Laundry Features: Laundry Tub

    • Patio And Porch Features: Open Porch / Patio / Screened Porch

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 947

    • Subdivision Name: VISTA LAGO AT THE HAMMOCK

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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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-present 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. Listing courtesy of: Stonewater Global Realty