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Condominium
$450,000$250 / sqft
15051 Royal Oaks Lane # 1603, North Miami FL 33181
Listed
3
Bedrooms
3
Bathrooms
1,801 sqft
Interior
2007
Year built
$1,458 / mo
HOA
Condominium
Type
About this home
Enjoy views of Oleta River, the Intracoastal, Ocean, and Miami skyline from this spacious 3/3 residence. The private balcony with newly modern glass railings is the perfect place to take in beautiful sunrises and refreshing ocean breezes. This bright home features 1,801 sq ft of living space with an open-concept layout. The primary suite offers a generous walk-in closet and a private bathroom with a relaxing Jacuzzi tub. Includes one assigned garage parking space, with the option to rent a second parking spot. Residents enjoy excellent building amenities such as a heated swimming pool, fitness center, tennis court, playground, and a dog washing station. Located within one mile of Reserve Padel, Costco, Pura Vida, Target, Publix, Mater Academy, and UM Health and only 10 minutes to the beach
Features
- Fire Sprinklers
- Other
- Walk-In Closet(s)
- Open Balcony
- Garden
- Ocean
- Direct Ocean
- Ocean View
Leasing
- Minimum lease
- Not stated
- Ok To Lease With Res
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,300–$12,000.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.