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This newly constructed townhome duplex at 3431 & 3433 SW 16 Ter, Miami, FL, offers a rare opportunity to acquire both residences in one transaction, creating exceptional flexibility for homeowners and investors alike. Located minutes from Coral Gables, the property combines contemporary architecture with understated elegance while offering multiple strategies: live in one residence and rent the other, operate both as income-producing investments, or hold for long-term appreciation in one of Miami’s most central neighborhoods. Each residence features 3 spacious bedrooms and 2. 5 well-appointed baths, along with a flexible garage space with a full-size window, designed for conversion into a fourth bedroom, home office, or fitness studio. The chef’s kitchens are equipped with Samsung appliances, custom European cabinetry, and waterfall quartz countertops, complemented by refined details such as 7-ft imported Turkish interior doors, Italian-designed closets, and a striking wood staircase with a California-style railing. Impact-rated windows and doors provide durability and peace of mind, while a covered terrace overlooking lush landscaping creates a private outdoor retreat. With close proximity to Coral Gables, Brickell, and Miami’s urban core, this property presents a compelling opportunity for primary living, rental income, or short-term rental potential, while benefiting from the equity growth typically associated with new construction in rapidly appreciating neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,798,000
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 | $1,438,400 | $1,438,400 | $1,438,400 |
| 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 | $663 | $663 | $663 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,624 | $8,856 | $12,138 |
| Total Monthly Payment | $9,412 | $9,644 | $12,926 |
* 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.