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942 199th St #4E
Miami, FL 33179
Listing courtesy of Realty One Group Royal Oaks. Contact: [email protected].
Spacious and fully updated 1bedroom, 1.5-bath condo plus den. living in the desirable 55+ Lake Parc community. This bright and inviting residence features an open-concept layout filled with natural light. The beautifull kitchen boasts granite countertops. A/C unit is 6 years old and newer water heater. Wake up to serene views from the spacious primary bedroom and enjoy a well-maintained community in a prime location just minutes from Aventura Mall, the Brightline station, supermarkets, restaurants, and shopping. Move-in ready! Seller will pay the current special assessment in full at closing, offering added value to the buyer. Cash offers require 10% EMD or $1000 minimum, whichever is greater, and all financed offers require 1% EMD or $1000 minimum whichever is greater. This is a 55+ community. No Dogs, only service animals, 650 minimum credit score required. Condo application $150 per occupant unless they are married.
- Principal and interest
- $657
- Property tax
- $137
- Homeowners insurance
- $83
- HOA
- $474
An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.
Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.
The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.
Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.
This building was built in 1987, according to the county property appraiser.
If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one was due by December 31, 2024. A local building official may require it at 25 years near salt water.
Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.
Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.