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Reduced for QUICK SALE. Private boat slip included in purchase. One of the largest slips in the marina. Just steps from the building. (See broker remarks and attachments for exact slip specs and dimensions). Rare, two-story 2 bed/2. 5 bath, lower penthouse at Eloquence on the Bay is a true boater’s dream. Unbelievable unobstructed Biscayne Bay and Miami skyline views from every main living area. Residence features: high ceilings, a modern design-style kitchen with spacious cabinetry, SS appliances, washer/dryer, generous walk-in closets and 2 assigned parking spaces. Building features: Boutique waterfront building with four residences per floor, resort-style amenities, heated pool, jacuzzi, fitness center, yoga studio, tennis, basketball courts, 24/7 security, bike storage, paddleboard/kayak storage plus much more. Minutes to the beach, South Beach, Brickell, Wynwood, Downtown Miami, and both MIA and FLL airports. This location combines daily convenience with a private marina lifestyle. All information, including boat slip specifications, dock rights, and building/association details, should be independently verified by broker, buyer, attorney, architect, or zoning expert. All reasonable offers will be promptly presented.
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Our Executive Mortgage Banker:
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$1,225,000
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 | $980,000 | $980,000 | $980,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.121% | 6.203% |
| Monthly Tax Payment | $932 | $932 | $932 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,719 | $5,876 | $8,270 |
| Total Monthly Payment | $6,776 | $6,933 | $9,327 |
* 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.