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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Latest South of Fifth Sale

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Luxury 1 Bedroom Condos in SoFi

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Living in the South of Fifth Neighborhood provides benefits way beyond the boundaries of the unit you occupy.  The classic Realtor mantra “Location, Location, Location” perhaps says it all, and the specifics that apply to SoFi abound.  It’s a coastal community with glorious Beaches and a world class Marina.  It boasts some of the most sought after restaurants and cultural destinations. It is conveniently located to the airport and major transportation.  It’s a walking neighborhood, pet friendly, there are good schools nearby, and it’s usually sunny and warm.  Luxury defined!

Anyway, I wanted to talk about a particular subset of luxury units that are available in this neighborhood, that provide great value at an entry level price. They are smaller units in the Luxury Waterfront towers.  At this time there are just 8 such 1 Bedroom 1.5 Bath units available, representing less than 10% of the current inventory there.  The average price for these smaller units is $2.1 million while the average price for the 2BR and larger units in these same buildings is considerably more than $6 million.  Just click the link below to see them:

Luxury SoFi 1 Bedroom Condos