Introducing a scarce, low-touch waterfront asset in the heart of Miami: one marina slip that can be purchased without buying a residential unit. This slip is currently income-producing at $10,500 annually, offering straightforward cash flow with minimal oversight—no unit maintenance, renovations, or active management like you’d encounter in other real estate assets. Prefer lifestyle over income? A new owner can also secure it for personal use.
Located along the Miami River with no fixed bridges to the ocean, you’re approximately 15 minutes from Biscayne Bay, Downtown Miami, and Miami International Airport, with easy access from major highways—ideal for motorboats, sailboats, and yachts. Strategically positioned just 15 minutes from Biscayne Bay, Downtown Miami, and Miami International Airport, with straightforward access from major highways, the property is well-suited for motorboats, sailboats, and yachts. Opportunities like this are scarce: a high-demand, limited-supply waterfront asset in one of the world’s most navigable boating markets.
Subdivision:
RIVER RUN YACHT CLUB COND
Utilities
Electricity Available,Water Available,Sewer Not Available
Lot Description:
< 1/4 Acre,Buyer Approval Required
1700 NW North River Dr, Miami, FL, 33125
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
