JUST LISTED: 221 Meridian Ave #304

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Nice 1BR/1B unit with parking in the center of the South of Fifth neighborhood. This mid-size building is well maintained and operates with low maintenance fees.  The unit has new Impact glass throughout and there are no outstanding assessments.  South of Fifth is the most desirable neighborhood on the Beach for within this small triangle at the Southern tip of Miami Beach is easy access to the Beach, Marina, South Pointe Park and great Restaurants.

Price Reductions on the Bay (West Ave)

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Mondrian Penthouse Reduced

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The Mondrian Hotel has a perfect location on the Bay at 1100 West Avenue. This 1 Bedroom Penthouse level unit is the ultimate Investor opportunity as well a great vacation home. The documents allow the unit to be rented on a daily basis, and it can be put into the buildings hotel program or it can be managed as an Air B&B or VRBO directly by the owner an agent.

The unit can sleep 4 people in the Bedroom and Living Room, has a small kitchen area as well as dining space and one of the few balconies in the building. At the new reduced price of $499,000, you’ll want to check it out

Shower

Living Area

Living Area

Kitchen Dining Area

Ocean View

$15,000 Grant to 1st Time Buyers

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This building at 1400 Pennsylvania Avenue is undergoing extensive concrete restoration, as are many older buildings in the neighborhood. The costs of these repairs are difficult for many current homeowners to absorb and become another obstacle to 1st time homebuyers with limited funds.

As a result, the Bank of America has announced a $15,000 grant program to 1st time homebuyers.  This can be used as a down payment and will not have to be repaid to the Bank.  In addition the Bank will also pay non-recurring closing costs for the Buyer.

Unit 16 and 35 are currently on the market for $175,000 each, already affordable by Miami Beach standards, and this grant might be a down payment for someone.

Investment Bundle of Studio Units

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Coming soon to the market is a bundle of 9 Studio units with parking.  All are located in South Beach between 8th St. & Espanola Way, and from West Ave. to Pennsylvania Ave.  Also in this bundle is a PH level 1BR unit at the Mondrian Hotel.  Broker Compensation is being offered at 3% for all of the units.

View from Entry

905 Michigan Avenue