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A striking modern masterpiece on prestigious Bay Drive in Normandy Isle, this newly constructed Miami Beach residence blends architectural sophistication with effortless luxury. Featuring 5 bedrooms and 5. 5 baths, the home showcases soaring volume ceilings, walls of impact glass, imported Italian porcelain floors, motorized shades and a seamless open-concept design drenched in natural sunlight. The designer kitchen is appointed with a premium Bosch package of appliances, custom cabinetry and an expansive island and breakfast bar while a whole-home Sonos system creates an elevated living experience throughout. The lavish primary suite offers a private balcony, oversized his-and-hers closets, and a spa-inspired bath with Duravit and VIGO fixtures. Outdoors, a heated pool and expansive entertaining areas evoke resort-style living, complemented by a rooftop deck finished with synthetic grass and lush tropical ambiance. Situated on exclusive Bay Drive, a rare cul-de-sac on both ends, 1311 Bay Drive offers tranquility and privacy just minutes from the beach, the newly reimagined Ocean Terrace, and the iconic Normandy Isle Fountain and Farmers Market. The location is perfect, an easy drive to Miami Country Day, Temple Beth Sholom and Moses, North Beach Elementary, and The Cushman School, while only minutes from the celebrated boutiques, fine dining, and coastal sophistication of Surfside and Bal Harbour. This property is an absolute gem. Call today for a private tour.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,290,000
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 | $2,632,000 | $2,632,000 | $2,632,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.399% | 6.475% | 6.309% |
| Monthly Tax Payment | $4,864 | $4,864 | $4,864 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,992 | $16,420 | $22,388 |
| Total Monthly Payment | $20,981 | $21,409 | $27,377 |
* 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.