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Live the South Beach lifestyle in this beautifully renovated 2-bedroom, 2-bath condo tucked inside a charming Art Deco boutique building on quiet Lenox Avenue. With a BRAND NEW Roof and NO ASSESSMENTS. Just moments from Flamingo Park, Lincoln Road, Ocean Drive, and the beach, this bright and spacious Miami Beach residence places world-class dining, cafés, shopping, fitness studios, nightlife, and everyday conveniences right outside your door. Natural light pours through expansive windows with dual exposures, creating a warm and airy atmosphere throughout the home — and at 750 square feet, it lives like 1, 000. The modern white kitchen features quartz countertops, stainless steel appliances, generous pantry space, and a rare gas stove, a highly desirable feature in Miami Beach condos. Additional highlights include updated bathrooms, custom built-ins, spacious bedrooms, in-unit washer and dryer, smart home-enabled automatic blinds and lighting, and a brand new roof with no pending assessments. Lush tropical surroundings create a peaceful retreat in the center of South Beach. Four grocery stores are within walking distance, making everyday living effortless. Ideal as a primary residence, vacation home, or Miami Beach investment property, this investor-friendly condo comes with a tenant in place paying $3, 000/month through August 31 for immediate rental income. Enjoy classic Art Deco charm, modern upgrades, and unbeatable walkability in one of South Beach's most sought-after locations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$525,000
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 | $420,000 | $420,000 | $420,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $517 | $517 | $517 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,515 | $2,620 | $3,460 |
| Total Monthly Payment | $3,124 | $3,229 | $4,069 |
* 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.