1BR Units for Sale at Murano

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Typically rare to come on the market, the One Bedroom units at Murano boast just 1008 SF, but enjoy the same benefits and amenities of the much larger units.  So why are there now 4 such units on the market at once?  Perhaps because there is a Special Assessment in place to renovate the 3rd floor Pool deck, and it is possible they do not wish to look at construction below them for another 18 months.  It’s less likely that they did not wish to absorb the cost of that Assessment, because most residents believe that the price improvement that will be realized will far outweigh the costs to implement them.  So, with units priced from $1,499,000 to  $2,290,000, and located from the PH level down to the 5th floor (where 4th floor is the lowest) are they being offered at a fair market price today or do they reflect the value added that is to come with the improvement that are underway.  The Penthouse and Lower Penthouse units have been dramatically renovated while the other two have not and this accounts for much of the pricing range.

Click the Link below to see all four of them:

https://portal.onehome.com/en-US/share/2477145R37217

 

Murano Grande Luxury

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One of a kind unit on the lanai level, providing unmatched

family and entertaining space both indoors and out. Created by

combining two smaller units into a large 3/3/1 with the Primary

Bedroom/Bath and Formal Living & Dining Area at one end,

separated by a large open kitchen with informal dining, and

ample space for entertaining & art display plus two separated,

en-suite Bedrooms and Family area on the other. Walk out of

the oversized Terrace to the private Restaurant, Tennis Court,

and Pool deck. It feels like living in a large house with the

benefit of luxury amenities.  $4,150,000.

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.

$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.

Murano $1,999,000

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