$310,000

15689 SW 106TH LN #705, MIAMI, FL 33196

2 beds2 baths947 sq ftCondo or villaBuilt 1988
Updated today, November 3, 2026

This home against The Hammocks

$327 per sq ft, 2% over the The Hammocks median
36 days on the market
$3,343 in property taxes (2025)
2 car garage

The Hammocks today: 162 homes for sale, median list price $533,998.

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.

Zoned schools

Elementary: Dr. Gilbert L. Porter Elementary School
Middle: Hammocks Middle School
High: Felix Varela Senior High School

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Forest Lakes Park, 0.3 mi
Grocery: Aldi, 1 mi

Distances from the center of The Hammocks, MIAMI.

Listing courtesy of Stonewater Global Realty. MLS# A12098274.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed September 28, 2026.

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