Development opportunity. Could be purchased with the corner property for an option to develop 5-6 townhomes. Rare duplex directly in front of the beach and is currently a successful Airbnb rental, bringing in steady income. Both spacious units have impact windows, and the property offers plenty of parking. While planning your future project, you can continue earning rental income. Zoned for 2-3 townhouses up to 45 feet high. 8,297 sq.ft lot. Sunny Isles Beach is known for its high-end real estate, and new townhomes are in short supply—making this a unique development opportunity. Possible variance for single family home build.
18815 Atlantic Blvd, Sunny Isles Beach, FL, 33160
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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