5640 Collins Ave, #7B, Miami Beach, FL, 33140 | $895,000

Introducing Unit 7B in the Ashley Apartments, a waterfront condo located in the heart of Millionaire's row along Indian Creek. This corner unit is bright & spacious with an open floor plan that allows you to enjoy views of Miami Beach as soon as you step inside. This turn key unit makes it an ideal home as you're able to enjoy the peace and quiet of this boutique building with only 4 units/floor. With an enclosed patio and newly done floors, the extra added on interior SQFT can be used as a den or converted to an additional bedroom. Spacious bedrooms with beautiful bathrooms. Enjoy a relaxing afternoon by the pool deck while you soak up the sun and be entertained by the everlasting water activities. Dock available for rent for residents. Amazing location steps away from the beach.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 8
  • Amenities: Boat Dock,Clubhouse,Laundry,Library,Pool,Elevator(s)
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Common Area
  • Complex: ASHLEY APARTMENTS CONDOMI
  • Year Built: 1967
  • Common Charge: $1,250 Monthly
  • Approx Sq. Feet: 1,935
  • Est. Taxes: $8,948
  • View: Bay,Ocean,Water
  • Water Front: Yes
  • Pets Allowed: Yes
  • Pet Policy: Cats OK,Yes
  • Appliances: Dishwasher,Electric Range,Ice Maker,Refrigerator
  • MLS#: A11669003
  • Days on Market: 37 days
  • Website: https://www.raveis.com
    /prop/A11669003/5640collinsave_miamibeach_fl?source=qrflyer
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Listing courtesy of Compass Florida, LLC.   Phone: 305-851-2820

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5640 Collins Ave, #7B, Miami Beach, FL, 33140

$895,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $716,000 $716,000 $716,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.851% 6.790%
Monthly Tax Payment $746 $746 $746
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,585 $4,644 $6,286
Total Monthly Payment $5,423 $5,482 $7,124

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.