About This Property
Residential in Miami
Purchase Price$3,900,000This provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle.Closing can happen as of February 2027.Can also be rented with option to purchase.Lease Structure:12-month lease$19,500 per monthPurchase Option:Option deposit: $145,500 - equivalent to 3% and credited toward purchase but non-refundable.Rent credit: 40% of rent paid during the lease period applied toward the purchase price = $93,600 ( $19,500 x 12 x .40)9 months into the lease the purchase option should be confirmed.Over a full year, this structure results in approximately $239,000 credited toward the purchase, bringing the effective purchase price to roughly $3,661M if the option is exercised. The buyer may exercise the option to buy once the 12-month holding period is satisfied. This arrangement is particularly useful for someone who would like to secure a position in the building now, and complete the acquisition once the timing aligns.
Features & Amenities
Property Highlights
View
- Water
- Ocean
- Bay
Cooling
- Electric
Heating
- Electric
Flooring
- Marble
Amenities
- Elevator(s)
- Heated Pool
- Library
- Lobby
- Parking
- Pool
- Sauna
Appliances
- Dishwasher
- Disposal
- Dryer
- Electric Range
- Free-Standing Freezer
- Ice Maker
- Microwave
- Refrigerator
- Washer
- Electric Water Heater
Possession
- Close Of Escrow
Room Types
- Family Room
Water View
- Bay
- Ocean
Dining Area
- DiningLiving Room
Water Access
- Ocean Access
- None
Listing Terms
- Cash
- Conventional
Balcony Details
- Balcony - Open
Pets Allowed YN
- Yes
Tax Information
- New Construction
Window Features
- Blinds
Association Type
- Condominium
- Homeowner Association
ExteriorFeatures
- Balcony
InteriorFeatures
- Elevator
SecurityFeatures
- Elevator Secure
- Fire Alarm
- Lobby - Attended
- Smoke Detector(s)
Unit Description
- CornerEnd Unit
Interior Features
- Elevator
Security Features
- Elevator Secure
- Fire Alarm
- Lobby - Attended
- Smoke Detector(s)
Master BedroomBath
- Combo TubShower
- Dual Sinks
- Separate Shower
- Separate Tub
Property Condition
- New Construction
Road Frontage Type
- East of US-
WaterfrontFeatures
- None
- Ocean Access
- Bay
Special Information
- Flood Zone
Waterfront Features
- Bay
AssociationAmenities
- Pool
- Elevator(s)
- Heated Pool
- Library
- Lobby
- Parking
- Sauna
Showing Requirements
- Call Listing Agent
Water Heater Details
- Electric Water Heater
Outdoor Living Spaces
- Balcony
Construction Materials
- Block
- Brick
- Concrete Block - No Stucco
Application Information
- 1-2 Weeks Approval
Association Fee Includes
- Common Areas
- Insurance
- Maintenance Grounds
- Maintenance Structure
- Recreation Facility
- Security
Leasing Permitted Details
- Okay To Lease During First Year
Specifications
Property Details
Location