VISTA LAGO AT THE HAMMOCK

15689 SW 106th Ln # 705, Miami FL 33196

2 beds · 2 baths · 947 ft²

For Sale · Active Listing

$310,000

Est. Payment $1,650/mo

MLS Sheet Video

2

Bedrooms

2

Bathrooms

947

Sq. Ft.

1988

Year Built

2

Garage

1

Stories

0

Days on Market

Description

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.

Facts

MLS#
A12098274
Subdivision
VISTA LAGO AT THE HAMMOCK
Property Type
Residential
Property Sub Type
Condominium
Year Built
1988
Lot Size
0 sqft
Sq. Ft.
947 ft²
Sq. Mt.
88 m²
Price per sq. ft.
$327/ft²
Price per sq. mt.
$3,523/m²
Stories
1
Garage
2 spaces
Pool
—
Days on Market
—
Listed
Sep 30, 2026
Last Updated
Oct 1, 2026
Price/Lot Sq.Ft.
—

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

October 2026

100/100
Buyers marketSellers market

39

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

9/30/2026Listed for sale$310,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

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

Estimated Monthly Payment

$2,058/mo

Principal & Interest

$1,650

Property Tax

$258

Insurance

$150

HOA

$0

20% ($62,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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