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This refined, 2 bedroom residence at Marina Palms North Tower offers an elevated take on waterfront living in North Miami Beach. Featuring a desirable split floor plan, the residence is filled with natural light through floor-to-ceiling windows and opens to an ample private terrace overlooking Maule Lake, the marina, and skyline. The living area and primary suite enjoy direct access to the balcony, enhancing the seamless indoor-outdoor living experience. The primary suite offers a spa-inspired bath with dual sinks, separate soaking tub, and shower.
Marina Palms is a full-service luxury condominium and yacht club marina offering resort-style amenities including an infinity-edge waterfront pool, children’s pool, state-of-the-art fitness center, sauna and steam rooms, club room, TV lounge, catering kitchen, business center, conference room, children’s and teen centers, valet, guard-gated entry, and 24-hour security.
Ideally located along the waterfront in North Miami Beach, just minutes from Aventura Mall, Bal Harbour, and Sunny Isles Beach.
This unit must be purchased with a restricted boat slip at Marina Palms Yacht Club Marina. Space #095 available for purchase at an additional $325, 000 (MLS A12018376) accommodates a vessel up to 60 feet in length.
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Our Executive Mortgage Banker:
Our Insurance Division:
$925,000
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 | $740,000 | $740,000 | $740,000 |
| 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 | $1,247 | $1,247 | $1,247 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,437 | $4,556 | $6,245 |
| Total Monthly Payment | $5,776 | $5,895 | $7,584 |
* 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.