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Waterfront · Condominium
$369,000$230 / sqft
14951 Royal Oaks Lane # 505, North Miami FL 33181
Listed
2
Bedrooms
1,603 sqft
Interior
2007
Year built
$1,365 / mo
HOA
Condominium
Type
About this home
UNIQUE OPPORTUNITY IN THIS AREA! SELLER TO PAY SPECIAL ASSESSMENT IN FULL AT CLOSING! Secure & Future-Proof Building. Beautiful & spacious 2 Bed / 2.5 Bath condo located East of US-1 in prime North Miami. This bright unit features an ideal split-floor plan, generous closet space, and a private balcony. Prime location just minutes from Aventura Mall, Costco, FIU Biscayne Bay Campus, dining, and beaches. Building offers resort-style amenities including pool, fitness center, clubhouse, and 24/7 security. Perfect opportunity for primary homebuyers or savvy investors seeking high rental demand near FIU. NEW OWNER AND INVESTOR CAN RENT INMEDIATLY NO LEASE RESTRICTIONS, 12 months plus. SHOWING INSTRUCTIONS: Showings 7 days/wk, 9AM-5PM. Keys kept at Mgmt Office (Realtor ID required & held). FOR WEEKENDS: Showings must be requested by Friday at 5:30 PM to process Key Authorization with MOD. No same-day weekend showings. Use ShowingTime.
Features
- Lobby
- Fire Sprinklers
- Other
- Walk-In Closet(s)
- Open Balcony
- Tennis Court(s)
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$4,900.That is what landlords ask, not what units let for — edit it if you know better.
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 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. We are not a lender and neither offer nor arrange financing. 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.