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Condominium
$435,000$271 / sqft
15051 Royal Oaks Ln # 102, North Miami FL 33181
Listed
2
Bedrooms
3
Bathrooms
1,603 sqft
Interior
2007
Year built
None
HOA
Condominium
Type
About this home
Bright and spacious 2BR/2.5BA unit offering 1,603 SF with an open-concept floor plan, 9-foot ceilings and expansive living and dining areas enhanced by large windows. This ground-floor level residence features an extended balcony overlooking the garden and the park trees. Both bedrooms offer en-suite bathrooms, complemented by multiple walk-in closets and a dedicated laundry room. The gated community features 24-hour security, fully equipped fitness center, swimming pool, tennis court, clubhouse and children's playground. Ideally located in North Miami's SoLé Mia district with access from SoLé Mia Way, just minutes from UHealth at SoLé Mia, FIU Biscayne Bay Campus, Oleta River State Park, Sunny Isles Beach, Aventura Mall, neighborhood cafés and restaurants.
Features
- Fire Sprinklers
- Other
- Utility Room/Laundry
- Open Balcony
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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.