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Active - Condominium for sale

700 16th St # 109, Miami Beach FL 33139

1 bd|1 bth|541 sqft

Facts & features

Condominium Property type
158 days on Beycome
1941 Year built
$499 Price/Sqft.
$713/mo HOA

Why you’ll love it

  • Private entrance
  • New kitchen
  • Corner unit
  • New appliances

LEASE WITH OPTION TO BUY 700 16th Street #109, Miami Beach, FL Purchase Price: $270,000 Lease Option Program: $3,500/month for 24 months Future Purchase Balance: $200,000 through cash payment or mortgage at closing Unique Opportunity in the Heart of Miami Beach Rare 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 entertainment Lease With Option to Buy Structure Monthly Rent: $3,500 Lease Term: 24 Months Purchase Price Locked Today: $270,000 Final Balloon Payment / Mortgage Balance: $200,000 Opportunity 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.

Translating description...

Listings courtesy of The Keyes Company.

Listed by: Fabrizio Passatore • 305-898-7224 • The Keyes Company

Co-listed by: The Keyes Company

Source: Miami MLS, MLS#: A12033629 Miami MLS logo

Based on info available as of Nov 13, 2026 at 7:00 PM EST.

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Affordability

$175,000$365,000
1%20%
0%90%
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Estimated monthly payment

$2,380/mo

  • Mortgage$1,365
  • Property tax$302
  • HOA fee
  • Homeowners insurance
Due at closing$214,650
Down payment held in escrow$54,000
Closing costs$4,050
beycome credit Est.$5,400

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Flood & climate risk

FEMA Flood Zone AE

In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.

More details

Base flood elevation: 8 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright ©2026. Based on information as of Nov 13, 2026 at 07:00pm EST.

$270,000 Listed price

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$5,400 Credit back

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