12590 NE 16th Ave # 209, North Miami FL 33161
About this home
Spacious and well-located 1-bedroom, 1.5-bath residence in one of North Miami’s most rapidly developing areas. This bright second-floor unit offers generous living space, abundant natural light, and an assigned parking space within a gated community. The monthly maintenance fee is $812.45. The monthly special assessment fee is $430.71. Ideally positioned just minutes (approx. 5 minutes) from Bal Harbour Shops and the beach, with convenient access to top dining, retail, and fitness options including LA Fitness. The building is currently undergoing its 40-year certification, presenting a great opportunity for future value appreciation in a high-growth location. Excellent for investors—unit is tenant-occupied by a reliable long-term tenant (over 2 years) paying $1,600/month. Prime North Miami location close to everything, making this a strong addition to any real estate portfolio.
Features
- Closet Cabinetry
- Walk-In Closet(s)
- Other
- Open Balcony
- Lake
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $597
- HOA
- $878 / 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.
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Request a private or video tour with a local agent.
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.
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.