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Enjoy Miami Beach Living with Breathtaking Views. This 970 sq ft, 1BR, 1. 5 Baths Penthouse-level condo on 11th floor offers sweeping views of the Ocean, the Bay, La Gorce Island, and the city skyline. Fully funded reserves and a recently completed 50-year recertification make this a smart choice for first-time buyers, with low down payment financing options available.
This spacious, west-facing residence features a newly renovated kitchen with quartz countertops, tile floors, and updated bathrooms. Stunning ocean and city views on 2 sides, soundproof windows, and electric shutters, provide comfort and peace of mind. Additional upgrades include new appliances, A/C, and water heater. Located in the charming Normandy Island Historic District, the building offers a pool, gym, on-floor laundry, and covered garage parking. Enjoy a quiet yet convenient lifestylejust a short walk to the beach, parks, restaurants, and markets. The free North Beach Trolley, along with easy access to South Beach, Bal Harbour, Downtown, I-95, and public transit, makes this an unbeatable location in a growing area of Miami Beach. The monthly HOA fee is $788. 22 + Assessment for reserves is $252. 79. No short-term rentals allowed. Only one (1) year lease.
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Our Executive Mortgage Banker:
Our Insurance Division:
$288,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $231,120 | $231,120 | $231,120 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | $198 | $198 | $198 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,386 | $1,442 | $1,919 |
| Total Monthly Payment | $1,659 | $1,715 | $2,192 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.