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Priced to Sell! 3BR/2. 5BA in a Coral Gables luxury building! Penthouse living at 55 Merrick Way on the 8th (top) floor with expansive city views and one of the largest floor plans in the building. Marble floors throughout, granite countertops, top-of-the-line appliances, and new 2024 A/C. Built-ins in living room and seating area in the principal suite. Two covered parking spaces. Financially strong, well-maintained building in prime walkable location near restaurants, cafés, and shops. Exceptional opportunity that won’t last. Penthouse Living at 55 Merrick WayWelcome to the top. Unit 812 is located on the eighth and final floor, offering elevated penthouse city views of Coral Gables and one of the largest floor plans in the building. Three-bedroom, 2. 5-bath residences in this line rarely come to market, making this a unique opportunity for buyers seeking space, views, and true walkable luxury. This expansive residence features marble floors throughout, including the bathrooms, creating a seamless and elegant aesthetic. The kitchen is beautifully appointed with granite countertops and top-of-the-line appliances, ideal for both everyday living and entertaining. A new 2024 A/C system ensures comfort and efficiency. Thoughtfully designed, the home also includes built-ins in the living room and a custom seating area in the principal suite, adding warmth, character, and functionality. The generous layout offers excellent separation of spaces, abundant natural light, and flexibility for families, snowbirds, or professionals working from home. Two covered parking spaces add everyday convenience, while the building itself is impeccably maintained and amenity-rich, offering security and a true lock-and-leave lifestyle. Step outside and enjoy the best of Coral Gables, restaurants, cafés, shops, and vibrant nightlife just steps away. Top floor. Largest square footage. Rare three-bedroom layout. Prime walkable location. Opportunities like this do not last.
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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 | $798,400 | $798,400 | $798,400 |
| 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 | $1,176 | $1,176 | $1,176 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,659 | $4,787 | $6,737 |
| Total Monthly Payment | $5,927 | $6,055 | $8,005 |
* 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.