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PRIME SURFSIDE DEVELOPMENT — VACANT POSSESSION IN ~45 DAYS
Rare 11, 200 SF double-lot assemblage on Carlyle Ave, one of Surfside's most desirable residential streets. Both parcels (9424 and 9432) sold together, marketed strictly for land value as a turnkey development opportunity for a 6, 000+ SF custom luxury residence.
The tenancy advantage: Both existing residences are on month-to-month tenancies. Under Florida Statute 83. 57(3), a new owner can deliver written termination notice and take vacant possession within approximately 30–45 days of closing. No long-term leases, no eviction risk, no extended carrying costs — demo-ready, not tenant-entangled.
Site & development: 11, 200 SF combined lot 100' x 112'
Folios: 14-2235-007-2250 & 14-2235-007-2260
Location: 2 blocks to Bal Harbour Shops, 3 blocks to Surfside Business District (Harding Ave), 5 blocks to the Atlantic Ocean, Walkable to Ruth K. Broad Bay Harbor K-8
Quiet, low-traffic residential street surrounded by recently built and renovated multi-million dollar estates. A clean, well-priced development play in one of South Florida's most supply-constrained luxury micro-markets.
Do not disturb occupants. Showings by appointment only with 24 hours notice. Listing agent will accompany.
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:
$4,250,000
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 | $3,400,000 | $3,400,000 | $3,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.399% | 6.475% | 6.309% |
| Monthly Tax Payment | $3,186 | $3,186 | $3,186 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,659 | $21,212 | $28,921 |
| Total Monthly Payment | $23,970 | $24,523 | $32,232 |
* 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.