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Condominium
$129,000$211 / sqft
12500 NE 15TH Avenue # 614, North Miami FL 33161
Listed
0
Bedrooms
1
Bathrooms
612 sqft
Interior
1972
Year built
$233 / mo
HOA
Condominium
Type
About this home
Excellent top-floor view; a bright and cozy studio at Three Horizons East featuring a layout comparable to a very spacious one-bedroom apartment. The unit includes an assigned parking space and boasts a prime location near Biscayne Boulevard, Aventura, Bal Harbour, Miami Shores, beaches, shops, restaurants, parks, and major thoroughfares. It is a perfect investment opportunity at the current price point. The association is under new management. Rentals are currently not permitted; however, the community is in the process of passing a rule change to allow them, which could potentially increase the value of all units.
Features
- Built-in Features
- Elevator
- Entrance Foyer
- Walk-In Closet(s)
- Exterior Lights
- Open Balcony
- Other
- Other Water View
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 studio rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,000.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.