AppliancesDishwasher, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
The Building
Building TypeSingle Family-Annual
WaterfrontYes
AmenitiesActivity Room, Elevator(s), Exercise Room, Management On Site
Exterior FeaturesOpen Balcony
SecurityFire Sprinklers, Fire Alarm, Smoke Detector, Key Card Entry, Building Security, Lobby Attended, Security Patrol
ParkingValet (1 garage)
PetsMaximum 20 Lbs
Costs and Rules
Application Fee$150
RestrictionsAdditional Restrictions
Description
Purchase Price
$3,900,000
This provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle.
Lease Structure:
12-month lease
$19,500 per month
Purchase 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 as of February 2027.
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.
Listing courtesy of Paz Realty, LLC. Information deemed reliable but not guaranteed via the MIAMI Association of REALTORS IDX feed.