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Luxury condo — 952 NE 199th Street 2N · Lake Park Condo No 1 - Bl · Miami
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Open property magazine$89,900
952 NE 199th Street 2N, Miami, FL 33179
Miami, FL, 33179
1 bd · 2 ba · 885 sqft
Listed by Coldwell Banker Realty
952 NE 199th Street 2N, Miami, FL 33179
Listed by Coldwell Banker Realty
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Estimated monthly payment
$1,316/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $1,316/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: Zone not provided · verify insurance quotes before buying.
About this home
Find similar homesCurrently leased at $1,380 ~ providing a great return.Welcome to Lake Parc, a desirable 55+ lakefront community conveniently located near Aventura. This rarely available 1-bedroom, 1.5-bathroom condo offers 885 square feet of spacious living space and a peaceful setting with lush green garden areas overlooking the lake.Community amenities include a swimming pool, clubhouse, exercise room, and secured entrance. Enjoy a quiet, well-maintained community with beautiful outdoor areas perfect for walking or relaxing.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 21%
The seller has come down from $113,900 to $89,900 — a $24,000 reduction since it came on the market.
95 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Building health
- Building
- LAKE PARK CONDO NO 1 - BL· MLS
- Year built
- 1969· MLS
- Stories
- 4· MLS
- Units
- Not provided —
- Milestone inspection
- Not provided —
- Milestone date
- Not provided —
- SIRS
- Not provided —
- SIRS date
- Not provided —
- Special assessments
- Not provided —
- Assessment amount
- Not provided —
- Assessment purpose
- Not provided —
- Assessment due date
- Not provided —
- Reserves
- Not provided —
- Minimum lease term
- Not provided —
- Rentals per year
- Not provided —
- Pet rules
- No· MLS
- Age restriction (55+)
- Not provided —
- HOA fee
- $499 / month · billed Monthly· MLS
Last updated Not provided, source: MLS remarks —
Always review the association's milestone inspection report, SIRS, budget and the last 24 months of board minutes before you buy.
Property Details
Your costs (est.)
≈ $1,316/mo
952 NE 199th Street 2N, Miami, FL 33179 · Miami
Location
952 NE 199th Street 2N, Miami, FL 33179
What buyers ask about this home
What are the estimated monthly carrying costs at 952 NE 199th Street 2N, Miami, FL 33179?+
Property tax (after sale): $128/month est.; homeowners insurance: $222/month est.; HOA: $499/month. Fixed ownership costs before a mortgage: $849/month est. Principal and interest: $466/month; PMI: $0/month. Total for the payment scenario shown: $1,316/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 952 NE 199th Street 2N, Miami, FL 33179?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 952 NE 199th Street 2N, Miami, FL 33179 need flood insurance, and what drives the premium?+
Most of Miami sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should I check about the association before buying 952 NE 199th Street 2N, Miami, FL 33179?+
For a Florida condo, review the milestone structural inspection and the Structural Integrity Reserve Study, current reserve balances, any pending or recently voted special assessment, the association's insurance and its litigation history. Ask how many units are owner-occupied and whether the lender will approve the building — a poorly funded association is the single biggest hidden cost in a condo purchase.
Can 952 NE 199th Street 2N, Miami, FL 33179 be rented out?+
Rental rules are set by the association's documents, not the MLS. Many Miami luxury buildings limit leases to once or twice a year with a minimum term and require board approval and an application fee. Request the declaration and rules before your inspection period ends if rental income matters to your plan.
Is there room to negotiate on 952 NE 199th Street 2N, Miami, FL 33179?+
This listing has been on the market 95 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami. Distinct neighborhoods, local dining and shopping, with downtown, Brickell and MiamiCentral as everyday destinations.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Madie Ives K-8 Preparatory Academy
Elementary · 0.8 mi from this home · 20770 Ne 14Th Ave, North Miami Beach
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Bridgeprep Academy Of North Miami Beach
Elementary · Charter · Grades PK–8 · North Miami Beach
Yeshiva Toras Chaim Toras Emes Rohr Middle School
Middle school · Private · Jewish · Grades 6–8 · North Miami Beach
Sports Leadership And Management (Slam) Middle School - Nor
Middle school · Charter · Grades 6–8 · North Miami Beach
Championship Academy Of Distinction Middle School
Middle school · Charter · Grades 6–8 · Hollywood
Sports Leadership Arts Management Charter High School (Nort
High school · Charter · Grades 9–12 · North Miami Beach
ST. Anthony'S School Of Higher Education, Inc.
Pre-K & Kindergarten · Private · Catholic · Grades K–12 · Pembroke Pines
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
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Simon Gedz
Realtor® since 1995
Interested in this property?
$89,900 · MLS A12067880
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