WATERFRONT MIAMI BEACH WITH BAY AND DIRECT OCEAN ACCESS. THIS LAND PURCHASE INCLUDES 2 LOTS. ONCE THE 2 LOTS ARE JOINED BY A UNITY OF TITLE, THEN THE CITY OF MIAMI BEACH WILL ALLOW YOU TO BUILD 1-BUILDING 4 STORIES TALL WITH PARKING UNDERNEATH. ZONING WILL ALLOW YOU TO BUILD 10-15 UNITS. I HAVE THE ZONING VERIFICATION LETTER TO PROVE IT. PERHAPS YOU WANT TO BUILD @ BUILDINGS AND THEREFORE THERE ARE 2 ADDITIONAL LOTS AVAILABLE. THE TOTAL PRICE FOR ALL 4 LOTS IS $8,000,000 TOTALING 21,750 SQFT WITH THE 4 LOTS COMBINED. THE OTHER 2 LOTS ARE 7741 HAWTHORNE AVE AND 7735 HAWTHORNE AVE. WATERFRONT DEVELOPMENT OPPORTUNITY. LOCATED AT THE ENTRANCE OF BISCAYNE POINT AND JUST 1-BLOCK FROM LEHRMAN COMMUNITY DAY SCHOOL.
7741 Hawthorne Ave, Miami Beach, FL, 33141
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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