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Michael Borgen

modernhorizonhomes@gmail.com +1(772) 877-7722

$ 270,000

Est. payment | -/mo

1 Bed

1 Bath

541 SqFt

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$ 270,000

Est. payment | -/mo

Save Virtual Tour

1 Bed

1 Bath

541 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 541 sqft

Price per Sqft $499

Subdivision Lincoln Sub

MLS Listing ID A12033629

Bedrooms 1

Full Baths 1

Construction Status Resale

HOA Fees $713/mo

HOA Y/N Yes

Total Fin. Sqft 541

Year Built 1941

Annual Tax Amount $3,624

Tax Year 2025

Property Sub-Type Condominium

Property Description

LEASE WITH OPTION TO BUY700 16th Street #109, Miami Beach, FLPurchase Price: $270,000Lease Option Program: $3,500/month for 24 monthsFuture Purchase Balance: $200,000 through cash payment or mortgage at closingUnique Opportunity in the Heart of Miami BeachRare corner unit offering exceptional flexibility for both end-users and investors. Located at 700 16th Street in the vibrant Miami Beach area, this property features a private independent entrance with no direct connection to the building's common areas, creating a unique sense of privacy and accessibility.The unit has never been lived in and it is utilized as an office, resulting in an almost brand-new condition throughout.? Corner unit with abundant natural light? Brand-new kitchen? New, never-used appliances? Never occupied as a residence? Excellent condition throughout? Private independent entrance? No direct connection to common building hallways or common areas? Prime Miami Beach location near Lincoln Road, shopping, dining, and entertainmentLease With Option to Buy StructureMonthly Rent: $3,500Lease Term: 24 MonthsPurchase Price Locked Today: $270,000Final Balloon Payment / Mortgage Balance: $200,000Opportunity to secure ownership while building toward future financing.This unique layout and private entrance make the property particularly attractive for professionals, seasonal residents, and investors seeking a versatile Miami Beach asset in a highly desirable location.

Location

State FL

County Miami-dade

Community Home Owners Association

Area 2320

Interior

Interior Features Main Level Primary

Heating Electric

Cooling Central Air

Flooring Ceramic Tile

Fireplace No

Appliance Dishwasher, Microwave, Oven, Refrigerator

Exterior

Exterior Feature Other

Parking Features On Street

Community Features Home Owners Association

Amenities Available Laundry

View Y/N Yes

View Other

Garage No

Building

Story 2

Unit Floor 1

Structure Type Block

New Construction No

Construction Status Resale

Schools

Elementary Schools Miami Beach Fienberg / Fisher K-8

High Schools Miami Beach

Others

Pets Allowed Yes

HOA Fee Include Common Areas,Maintenance Structure

Senior Community Yes

Restrictions No Restrictions,Other Restrictions

Tax ID 0232342400080

Security Features Closed Circuit Camera(s),Fire Alarm,Other,Smoke Detector(s)

Acceptable Financing Cash, Lease Purchase

Membership Fee Required false

Listing Terms Cash, Lease Purchase

Special Listing Condition Listed As-Is

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12033629

Listed by Fabrizio Passatore The Keyes Company

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(772) 877-7722

modernhorizonhomes@gmail.com

34987

700 16th ST #109 Miami Beach, FL 33139

Michael Borgen

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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700 16th ST #109