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Welcome to Penthouse 605 at The Fairchild, Coconut Grove—an architectural masterpiece where waterfront living
meets timeless design. This 4-bedroom plus service quarters, 5. 5-bath residence spans 3, 886 SF, featuring 13
foot ceilings, natural stone floors, and floor-to-ceiling glass framing breathtaking bay and city views. A sleek
Poliform kitchen with Wolf and Sub-Zero appliances and a wet bar anchors the expansive layout, ideal for both
everyday living and entertaining. Enjoy over 1, 200 SF of private terraces and an elevated lifestyle with resort-style
amenities including a rooftop pool with cabanas, summer kitchen and BBQ area, spa, hammam, sauna, and state
of-the-art fitness center. A 32-foot boat slip with a 10, 000 lb boat lift is available for purchase or lease, offering
seamless access to Biscayne Bay—an exceptional opportunity for boating enthusiasts. This is a rare opportunity for
an investor seeking immediate cash flow or an end user looking for a premier waterfront home in Coconut Grove.
The seller is highly motivated, making this the best-priced penthouse in all of Coconut Grove. Owner financing
available.
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:
$5,795,000
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 | $4,636,000 | $4,636,000 | $4,636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.385% | 6.223% |
| Monthly Tax Payment | $5,270 | $5,270 | $5,270 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $27,424 | $28,545 | $39,121 |
| Total Monthly Payment | $32,819 | $33,940 | $44,516 |
* 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.