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Welcome to Residence 1401 at TowerHouse, a corner residence offering over 2, 800 square feet, 3 bedrooms, 4. 5 bathrooms, plus a private staff suite or flexible fourth bedroom. With sweeping Intracoastal and ocean views from nearly every room and a spacious balcony that spans multiple sides of the residence, this home captures the essence of classic Miami Beach living. An expansive living room serves as the centerpiece of the home, offering stunning water views, abundant natural light, and plenty of space for entertaining. The oversized kitchen features a dedicated breakfast area overlooking the water, while the well-designed floor plan offers endless opportunities to update, personalize, or enjoy as is. Additional features include a formal dining room, a large laundry room with its own shower, a private trash chute, and exceptional storage throughout. The primary suite is complete with dual marble bathrooms, a spacious dressing room, and walk-in closet. Equal parts grand and nostalgic, Residence 1401 offers a rare opportunity to own a home with the scale, views, and retro Miami glamour that are increasingly hard to find. Life at TowerHouse is defined by service and exclusivity. Residents enjoy a waterfront pool with attendant service, fitness center, tennis courts, a private residents-only restaurant, valet parking, concierge, elevator attendant, and 24-hour security, all within one of Miami Beach's most iconic full-service buildings.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
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 | $1,400,000 | $1,400,000 | $1,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.218% | 6.133% | 6.183% |
| Monthly Tax Payment | $664 | $664 | $664 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,282 | $8,394 | $11,814 |
| Total Monthly Payment | $9,071 | $9,183 | $12,603 |
* 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.