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Condominium at 240 W Park Drive # 4, Miami FL 33172Active
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Condominium
$340,000$335 / sqft

240 W Park Drive # 4, Miami FL 33172

2
Bedrooms
2
Bathrooms
1,014 sqft
Interior
1981
Year built
$360 / mo
HOA
Condominium
Type

About this home

INVESTORS WELCOMED! Welcome to an exceptional opportunity in the sought-after Park Lake Village community. This beautifully positioned 2-bed, 2-bath condo nestled within an all-aged community provides the perfect blend of convenience, accessibility, tranquility, and effortless Florida living. Enjoy peaceful views and a prime location just steps from the community pool, tennis courts, and access to Women's Park where residents can enjoy beautiful green spaces, walking paths, and outdoor recreation creating a true resort-style atmosphere right outside your door. The home is also conveniently located near Florida International University (FIU) making it an excellent choice for students, faculty, professionals, or anyone seeking easy access to one of Miami's premier educational destinations. Experience the convenience of city living with the charm of a welcoming community — all in one of Miami's most accessible locations. Surrounded by shopping, dining, and everyday conveniences, this exceptional location places everything you need within reach while offering the comfort and privacy of a well-maintained residential community. Whether you're searching for a primary residence, a second home, or an investment opportunity, this condo delivers the ideal combination of location, lifestyle, and value in the heart of Miami.

Features

  • Pantry
  • Split Bedroom
  • Walk-In Closet(s)
  • Balcony
  • Screened Balcony
  • Tennis Court(s)
  • Pool

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$2,079

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$1,719
HOA
$360 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Palm Paradise Realty Group

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management

Cap rate
Cash-on-cash
Monthly cash flow
Net operating income

Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.

Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.

Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.