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Active
Condominium
$314,900$314 / sqft

10521 Mahogany Key Cir # 204, Miami FL 33196

2
Bedrooms
2
Bathrooms
1,003 sqft
Interior
1985
Year built
$617 / mo
HOA
Condominium
Type

About this home

Beautiful corner unit featuring a spacious side-by-side balcony, perfect for relaxing or entertaining. This home offers tile flooring throughout and has been recently remodeled with modern finishes. The updated kitchen features beautiful wood cabinetry, providing both style and functionality. A move-in-ready property in an excellent location don't miss this opportunity! Enjoy all the amenities that The Hammocks has to offer, including scenic walking paths, multiple lakefront beaches, and plenty of outdoor spaces perfect for recreation and entertainment. This gated community features its own clubhouse, offering residents a resort style lifestyle with exceptional amenities for the whole family.

Features

  • Other
  • Open Balcony
  • Garden View

Location

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

Estimated loan & HOA

$2,209

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

Principal & interest
$1,592
HOA
$617 / 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
RE/MAX Advance Realty II

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.