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Rare opportunity to own one of only three 1-bedroom residences available at the iconic Portofino Tower, ideally located in Miami Beach's highly sought-after South of Fifth neighborhood. Fully renovated, this exceptionally spacious 1BR/1. 5BA residence offers 1, 160 SF of refined living space and is completely move-in ready. The thoughtful renovation features a brand-new kitchen with all-new appliances, elegant parquet flooring throughout, updated lighting, and stylish new furnishings. The well-designed floor plan includes an eat-in kitchen, a separate dining area, custom-built closets, and breathtaking ocean views from every room. The spacious primary suite opens onto a private balcony, the perfect setting to enjoy ocean breezes and spectacular sunrises. Portofino Tower delivers a world-class lifestyle with full-service amenities, including valet parking, concierge services, two resort-style pools, tennis, pickleball and basketball courts, as well as an exceptional 29th-floor fitness center and spa offering panoramic views of Miami Beach. The building is also in the final stages of a multi-million-dollar renovation, featuring a brand-new pool deck, upgraded sports courts, and a state-of-the-art fitness center. Just steps from the beach, South Pointe Park, the marina, and some of Miami Beach's finest restaurants, cafés, shopping, and nightlife, this residence offers an exceptional opportunity to own a turnkey home in one of South Florida's most prestigious luxury condominiums.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
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 | $1,080,000 | $1,080,000 | $1,080,000 |
| 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 | 6.263% | 6.121% | 6.183% |
| Monthly Tax Payment | $1,309 | $1,309 | $1,309 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,303 | $6,475 | $9,114 |
| Total Monthly Payment | $7,736 | $7,908 | $10,547 |
* 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.