Discover the perfect blend of luxury, comfort, and unbeatable value in this pristine 2-bedroom condo at Grove Isle. Boasting 1, 882 sq. ft. of well-designed living space, this home offers breathtaking East-facing views of the sparkling bay, lush tropical trees, and pool area. Comes in mint condition and ready for you to make it your own. Featuring a full set of impact windows and doors for added peace of mind, this apartment provides both security and natural light and amazing sunrises. With an exceptional price point, this is your chance to live in one of Miami's most coveted locations—Grove Isle is renowned for its privacy, natural beauty, and its proximity to the vibrant Downtown Coconut Grove, Brickell, Key Biscayne, Downtown Miami and Miami Intl. Airport. Enjoy first class amenities!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,090,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $872,000 | $872,000 | $872,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | $519 | $519 | $519 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,656 | $5,369 | $7,716 |
Total Monthly Payment | $6,300 | $6,013 | $8,360 |
* 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.