This combined property offers a rare opportunity to develop your vision and luxury home on Belle Isle's exclusive
Farrey Lane. Over 7,300 SF of land with open views to Biscayne Bay and city with 50 FT of waterfront and a large private dock. As per owner, approved plans to build a 9,125 SF luxury 3-story single-family home with a rooftop terrace & bay view. The property is in an amazing central location next door to The Standard Hotel, and just a short distance to Sunset Harbour, Lincoln Road, fine dining, shops, South Beach, downtown Miami, cultural & sport venues, and MIA airport. Exceptional opportunity to develop a luxury waterfront home in a highly sought-after location! Owners will not sell the Properties separately.
6-7 Farrey Ln, Miami Beach, FL, 33139
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.
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