Interior FeaturesLobby, First Floor Entry, Elevator, Family Room
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Free-Standing Freezer, Washer
CoolingElectric
HeatingElectric
The Building
Floors in Building43
Building TypeCondo 5+ Stories
ConstructionEffective Year Built
WaterfrontOcean Access
AmenitiesElevator(s), Heated Pool, Library, Pool, Sauna
Exterior FeaturesEast Of Us1, Open Balcony
SecurityFire Alarm, Smoke Detector, Doorman, Elevator Secure
Parking1 Space (1 garage)
Flood ZoneAE,VE
Costs and Rules
HOA Fee$3,978 / month
HOA Fee IncludesBuilding Exterior, Common Area, Insurance, Outside Maintenance, Parking, Recreation Facilities, Security
Tax Year2025
Application Fee$250
Minimum Lease365 days
RestrictionsNo Daily Rentals, Okay To Lease 1st Year
Accepted TermsAll Cash, Conventional
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.
Closing can happen as of February 2027.
Can also be rented with option to purchase.
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 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.
Listing courtesy of Paz Realty, LLC. Information deemed reliable but not guaranteed via the MIAMI Association of REALTORS IDX feed.
For Sale📷 19 photos · click to enlarge
