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Experience the best of Miami Beach living in this spectacular 1-bedroom, 1-bath residence at the prestigious Decoplage condominium. Perfectly positioned in the heart of South Beach, just steps from iconic Lincoln Road, this prime location offers immediate access to world-class dining, upscale shopping, vibrant entertainment, and the pristine sandy beaches of Miami Beach. It features a spacious private balcony with breathtaking ocean and city views, creating the perfect setting to relax and enjoy spectacular sunrises and sparkling nighttime skylines. The Decoplage is a premier full-service oceanfront building offering an exceptional lifestyle with resort-style amenities, including a heated infinity pool overlooking the ocean, a state-of-the-art fitness center, club room, 24-hour front desk, on-site management, and security. Recent improvements include a stunning new lobby and modernized elevators. Residents enjoy being within walking distance of Ocean Drive, the New World Symphony, and some of Miami Beach’s finest restaurants, cafés, boutiques, and cultural attractions. With the flexibility to lease up to 12 times per year with a minimum rental period of 30 days, this residence presents an outstanding opportunity for both investors seeking strong rental potential and end users looking for the ultimate South Beach retreat.
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Our Executive Mortgage Banker:
Our Insurance Division:
$550,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $440,000 | $440,000 | $440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $1,487 | $1,487 | $1,487 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,635 | $2,778 | $3,654 |
| Total Monthly Payment | $4,214 | $4,357 | $5,233 |
* 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.