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Luxury 3-Bedroom Penthouse on the 50th Floor | Short-Term Rental Approved
Exceptional opportunity to own a 3-bedroom penthouse on the 50th floor in Gale Miami, one of the few luxury buildings in Downtown Miami officially approved for short-term rentals. This high-floor residence offers breathtaking panoramic views of the city skyline and water, abundant natural light, and a modern open layout designed for both comfort and functionality.
The penthouse features a spacious living and dining area, a contemporary kitchen with premium finishes, and three well-proportioned bedrooms ideal for owner-occupants or high-end rental guests. Elevated ceilings and floor-to-ceiling windows enhance the sense of space and exclusivity.
Residents and guests enjoy hotel-style amenities, including a resort-style pool, state-of-the-art fitness center, spa, concierge services, and a professionally managed environment. The building allows daily, weekly, and monthly rentals, making it a rare asset suitable for primary residence, second home, or income-producing investment.
Located in the heart of Downtown Miami, just minutes from Brickell, Bayside, Wynwood, Port of Miami, and major transportation routes. Strong rental demand year-round.
A true turnkey penthouse combining luxury living and investment flexibility.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,700,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,360,000 | $1,360,000 | $1,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.110% | 5.972% |
| Monthly Tax Payment | $1,596 | $1,596 | $1,596 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,722 | $8,154 | $11,294 |
| Total Monthly Payment | $9,443 | $9,875 | $13,015 |
* 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.