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Miami Design District Townhome at One Bay. One Bay is a small luxury townhome community with only 38 residences, tucked inside a lushly landscaped enclave east of Biscayne Boulevard and just a short walk to the Miami Design District. This 1, 645 sq. ft. 2-bedroom townhome offers the rare combination of a private garage, direct-entry living, dramatic double-height windows, and an incredible 600 sq. ft. private rooftop terrace. The living room looks directly onto the lush, dense tree canopy of Bay Point, creating the feeling of looking into a private jungle while being in the heart of Miami. What makes One Bay special is that it lives much more like a single-family home than a typical condo. There are no elevators, no parking garages, and no long hallways. You park in your own private garage and walk directly into your own home. The community is quiet, residential, and mostly owner-occupied, with a much less transient feel than many Miami buildings. Monthly maintenance is only about $5811, which is unheard of for a newer, high-end community in this location. One Bay offers privacy, low carrying costs, a true neighborhood feel, and an unbeatable location just steps from the Design District and minutes from Midtown, Wynwood, Downtown, Brickell, and Biscayne Bay.
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Our Executive Mortgage Banker:
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$1,185,000
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 | $948,000 | $948,000 | $948,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.228% | 6.086% | 6.183% |
| Monthly Tax Payment | $1,296 | $1,296 | $1,296 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,532 | $5,684 | $8,000 |
| Total Monthly Payment | $6,953 | $7,105 | $9,421 |
* 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.