2440 N Shore Ter, Miami Beach, FL, 33141 | $10,000,000

A rare waterfront home with a design you will not find again. Located on a quiet cul-de-sac inside the gated community of Normandy Shores, Set on a 9, 000 SF lot with 80 FT of direct bay frontage, this property offers privacy, space, and open water views, access to golf, tennis, basketball courts, and parks. Set on the island’s Terrace and shared with only a few homes, it captures wide open bay views and stunning sunsets. Built in 2015, the home offers approx. 3, 442 SF with 4 bedrooms and 4 bathrooms. The layout flows through open living and dining areas into a modern kitchen designed for both function and entertaining. From the moment you arrive, the home creates a calm feel. A bamboo garden welcomes you, leading to a striking 30 ft interior waterfall that sets the tone throughout. The outdoor space is built to enjoy. Lush landscaping surrounds a pool, outdoor kitchen, and multiple terraces. Relax in the outdoor soaking tub, host gatherings under the two story tiki hut, or enjoy quiet evenings by the water. The private dock allows you to take in the bay at sunset. The property also includes boat and jet ski lifts, a davit, and plans for a future two car garage. A true opportunity for someone looking for a different kind of waterfront living experience.

Features

  • Bedrooms: 4
  • Baths: 4 full
  • Style: Detached,One Story
  • Year Built: 2015
  • Garage: Driveway,Parking Pad
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,263
  • Est. Taxes: $13,300
  • Lot Desc: 1/4 to 1/2 Acre Lot
  • View: Bay,Ocean
  • Water Front: Yes
  • Elem. School: Treasure Island
  • Middle School: Nautilus
  • High School: Miami Beach
  • Appliances: Some Gas Appliances,Built-In Oven,Dryer,Dishwasher,Disposal,Gas Range,Microwave,Refrigerator,Self Cleaning Oven,Wine Cooler,Washer
  • MLS#: A12004646
  • Days on Market: 26 days
  • Website: https://www.raveis.com
    /eprop/A12004646/2440nshoreter_miamibeach_fl?source=qrflyer
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Steven GeigerLicensed Associate Real Estate Broker

914.263.5275

Steven.Geiger@raveis.com

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Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@raveis.com

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2440 N Shore Ter, Miami Beach, FL, 33141

$10,000,000

Steven Geiger

Licensed Associate Real Estate Broker

William Raveis Real Estate

Phone: 914.263.5275

Steven.Geiger@raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $8,000,000 $8,000,000 $8,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.362% 6.349% 6.183%
Monthly Tax Payment $1,108 $1,108 $1,108
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $47,964 $49,257 $67,509
Total Monthly Payment $49,197 $50,490 $68,742

* 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.