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Prime development opportunity in a rapidly growing area of Miami.
This build-ready residential lot offers approximately 17, 142 sq ft of land and was created from the subdivision of a larger 34, 000 sq ft parcel. The lot has its own folio number and is legally established as a separate property.
Architectural plans for a beautiful modern residence have already been completed and approved by the city, allowing the future owner to move forward with construction immediately and avoid the lengthy permitting process.
Living area SqF 3, 382 with total SqF 5, 015.
The oversized lot provides exceptional space to build a stunning custom home with room for a pool, expansive outdoor living areas, and landscaped grounds. Large parcels like this are increasingly rare in the area.
Zoning in this location allows short-term rentals, creating an attractive opportunity for investors. The property offers flexibility for a variety of strategies — from building a luxury residence to developing a high-performing short-term rental property.
Located in a neighborhood experiencing strong growth and ongoing development, where land values continue to rise as the area improves each year.
A unique opportunity for developers, investors, or buyers looking to build a custom project in an emerging and promising location.
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:
$700,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $560,000 | $560,000 | $560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.887% | 6.078% |
| Monthly Tax Payment | $987 | $987 | $987 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,448 | $3,586 | $4,688 |
| Total Monthly Payment | $4,526 | $4,664 | $5,766 |
* 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.