Discover the perfect canvas to build your dream home in one of Coconut Grove’s most coveted tree-canopied neighborhoods. This expansive 9,600 SF lot stretches from Catalina to Whitehead, offering exceptional potential for new construction. Currently, the property features two 3-bedroom, 2-bathroom units, each rented for approximately $5,000/month, providing immediate income while you plan your vision. Enjoy the best Grove lifestyle -walk to bayfront parks, marinas, and the historic village. This property is not in a flood zone in one of South Florida’s highest sea-level elevations. Ideally located just minutes from Downtown Miami, Coral Gables, and the Beaches, this is a chance to create something extraordinary in a premier location—a unique investment or development opportunity.
2960 Whitehead Street, Coconut Grove, FL, 33133
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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