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Resort-style beachfront living awaits at the iconic Roney Palace, a direct oceanfront property shared with 1 Hotel & Homes. This fully furnished 660 sq. ft. studio offers stunning ocean views and an unmatched South Beach lifestyle. The residence is tastefully decorated with modern furniture, Residents enjoy access to three oceanfront heated pools with towel, chair, and umbrella service, beach access, an oceanfront boardwalk, and 24-hour security and valet. The rent includes valet parking for one car, premium cable TV, high-speed Wi-Fi, water, and air conditioning. Optional amenities include the state-of-the-art Anatomy fitness center, SoulCycle, Bamford Wellness Spa, poolside food and beverage service, and world-class on-site dining and retail such as STK South Beach, Aviv, Planthouse Café, and Watr at the 1 Rooftop. Beach umbrellas and lounge chairs, the 1 Hotel rooftop pool, and the Anatomy Gym membership are not included in the rent, with the gym available at $755 per year if paid upfront. Ideally located near the W Hotel, Lincoln Road, top shopping, dining, and nightlife. Contact the listing agent, Tessa or Kim, for current availability, tours and pricing. Long term $5500 per month. Welcome to paradise—true beachfront luxury living in South Beach.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,500
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 | $4,400 | $4,400 | $4,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $27 | $28 | $37 |
| Total Monthly Payment | $102 | $103 | $112 |
* 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.