Real Estate by Fania — Stefania Riverin
(786) 828-0091

$270,000

700 16th St #109

1 bd · 1 ba · 541 sq ft

42 days on marketCondominium
700 16th St #109, photograph 1 of 9700 16th St #109, photograph 2 of 9700 16th St #109, photograph 3 of 9700 16th St #109, photograph 4 of 9700 16th St #109, photograph 5 of 9700 16th St #109, photograph 6 of 9700 16th St #109, photograph 7 of 9700 16th St #109, photograph 8 of 9700 16th St #109, photograph 9 of 9

Listing courtesy of The Keyes Company. 305-531-5803

From the MLS

Bedrooms
1
Bathrooms
1
Living area
541 sq ft
Asking per square foot
$499
Year built
1941
Association fee
$713 monthly
ZIP code
33139
MLS number
A12033629

What the listing says

LEASE WITH OPTION TO BUY 700 16th Street #109, Miami Beach, FL Purchase Price: $270,000 Lease Option Program: $3,500/month for 24 months Future Purchase Balance: $200,000 through cash payment or mortgage at closing Unique Opportunity in the Heart of Miami Beach Rare corner unit offering exceptional flexibility for both end-users and investors. Located at 700 16th Street in the vibrant Miami Beach area, this property features a private independent entrance with no direct connection to the building's common areas, creating a unique sense of privacy and accessibility. The unit has never been lived in and it is utilized as an office, resulting in an almost brand-new condition throughout. ? Corner unit with abundant natural light ? Brand-new kitchen ? New, never-used appliances ? Never occupied as a residence ? Excellent condition throughout ? Private independent entrance ? No direct connection to common building hallways or common areas ? Prime Miami Beach location near Lincoln Road, shopping, dining, and entertainment Lease With Option to Buy Structure Monthly Rent: $3,500 Lease Term: 24 Months Purchase Price Locked Today: $270,000 Final Balloon Payment / Mortgage Balance: $200,000 Opportunity to secure ownership while building toward future financing. This unique layout and private entrance make the property particularly attractive for professionals, seasonal residents, and investors seeking a versatile Miami Beach asset in a highly desirable location.

Description supplied by The Keyes Company.

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

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