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Prime infill development opportunity in the heart of Liberty City, one of Miami’s most culturally rich and rapidly evolving neighborhoods. This 4, 160 SF vacant residential lot is zoned T4-R (Urban Center Transect Residential), providing flexibility for medium-density residential development within the city’s urban core zoning framework. Offered at $300, 000 ($72. 12 per SF), the property represents an attractive entry point in a submarket benefiting from significant public and private reinvestment. The lot is positioned near the transformative Liberty Square redevelopment, a major initiative reshaping the community through mixed-income housing, infrastructure improvements, enhanced community amenities, and economic growth. Strategically located just minutes from Downtown Miami, Wynwood, the Miami Design District, and the Health District, the site offers excellent connectivity to employment centers, retail corridors, and transportation routes. As Liberty City undergoes this renaissance, land acquisitions at today’s pricing present compelling upside through neighborhood transformation, rising demand for quality housing, and strong long-term resale and rental potential. This lot offers developers and investors a rare opportunity to participate in one of Miami’s most promising urban revitalization corridors.
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Our Executive Mortgage Banker:
Our Insurance Division:
$300,000
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 | $240,000 | $240,000 | $240,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,420 | $1,478 | $1,945 |
| Total Monthly Payment | $1,495 | $1,553 | $2,020 |
* 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.