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7711 Carlyle Ave presents a compelling infill opportunity in the North Beach submarket of Miami Beach, an emerging residential corridor experiencing increased investor interest and ongoing public and private investment. The area benefits from its proximity to Collins Avenue and the beachfront, while remaining well-connected to Mid-Beach, Surfside, Bal Harbour, and the broader urban core of Miami, attracting both local and out-of-state capital seeking exposure to Miami Beach's evolving northern corridor.
The property benefits from strong accessibility to major thoroughfares including Collins Avenue and 71st Street, providing convenient connectivity throughout Miami Beach and to mainland Miami via key east-west corridors. Its location within a walkable, supply-constrained coastal neighborhood supports continued demand from developers targeting boutique residential projects in a high-barrier-to-entry market.
Zoned RM-1, the site permits low-intensity multifamily residential development, making it well-suited for boutique apartment or residential redevelopment consistent with the surrounding neighborhood fabric.
Overall, the property represents a strategically located residential development opportunity in North Beach, appealing to developers and investors seeking to capitalize on the continued growth and transformation of Miami Beach's northern submarket.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
| 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% | 6.385% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,475 | $6,650 | $9,114 |
| Total Monthly Payment | $6,600 | $6,775 | $9,239 |
* 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.