425 W Park Dr 10, Miami, FL 33172 — MLS photo

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425 W Park Dr 10, Miami, FL 33172

Active · Condominium

$375,000

425 W Park Dr 10, Miami, FL 33172

Beds
2
Baths
2
Living area
1,511 sq ft
$ / sq ft
$248/sq ft
Year built
1987
Lot size
—
HOA fee
$372 Monthly
Annual tax
$1,274

About this property

Rarely available 2-Bedroom, 2-Bath ground-floor corner residence offering townhouse-style living with no stairs and assigned parking directly in front of the unit. Ideally positioned in one of the most private and desirable locations in the community, this home features a private rear patio with direct access to expansive protected green space—formerly part of a golf course—creating a serene, park-like setting with wide open views, mature trees, peaceful walking paths, and a tranquil natural environment rarely found in such a central Miami location. A majestic shade tree and adjacent open areas enhance the sense of space, making it feel like your own oversized backyard without the maintenance. No Leasing first 2 years of ownership as per HOA. 25% Down-payment required. The interior offers a spacious living and dining area, 2-full bathrooms, a walk-in closet, an indoor laundry/utility room, front and rear patio spaces, and abundant natural light throughout. Located in a quiet, well-maintained community with reasonable association fees, just minutes from Miami International Airport, FIU, Dolphin Mall, International Mall, major highways, and a variety of shopping, dining, banking, and everyday conveniences. Ground-floor units in this community are rarely available and highly sought after for their accessibility, comfort, and seamless indoor-outdoor living. Lovingly owned and maintained by the same family for over 34 years, this is truly a special property.

Property location

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425 W Park Dr 10, Miami, FL 33172

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,511 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
First Floor Entry, Main Level Primary

Exterior & Structure

Property type
Condominium
Year built
1987
Stories
2
Architectural style
Cluster Home
Construction
CBSConcrete Block Structure, Block
Exterior features
Other, Porch, Patio
View
Garden, Lagoon

Parking

Garage spaces
0
Covered spaces
0
Parking features
Guest, One Space

HOA, Community & Financials

Association fee
$372 Monthly
Fee inclusions
Common Areas, Insurance, Maintenance Structure, Pools, Roof, Sewer, Security, Trash, Water
Amenities
Pool, Tennis Courts, Trails
Security
Complex Fenced, Security Guard, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$1,274
Subdivision
INDIAN SUMMER VILLAGE II
County
Miami-Dade
Days on market
164
MLS listing ID
A12016445
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$901

Cap rate
8.6%
Net yield
8.6%
Cash-on-cash return
10.3%
Gross yield
12.0%
Mortgage payment
$1,778/mo
Down payment
$93,750
Loan amount
$281,250
Annual NOI
$32,148

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.