Remarkable development opportunity in the vibrant north end of Miami Beach. This prime 12,062 square foot lot is being offered with fully approved architectural plans for 5 luxurious townhomes. Averaging 3,010 square feet each, they will all include a 2 car garage, pool, and rooftop terrace, all in a prime location bordering the North Beach Town Center district, an area currently witnessing an explosive growth of developments. The lot currently houses a run-down building that will need to be demolished to make way for newly-built luxury townhomes. With its generous lot size, approved plans for five high-end townhomes, and a strategic location near the hub of urban development, 6881 Indian Creek Drive represents a unique opportunity in one of the city’s most sought-after districts.
6881 Indian Creek Dr, 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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