About This Home

This 1-bedroom, 1-bathroom condo at 700 16th St #109 in Miami Beach, FL is listed for $270,000 ($499 per sqft). Built in 1941, the home offers 541 sqft of living space on a N/A lot.

Key Features

  • Built in 1941
  • 2 stories

Property Details

2 stories
1 full
#109
1941

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$2,157/mo

20% down · 6.5% · 30 years

Principal$195
Interest$1,170
Insurance$79
HOA$713

Estimates only. Actual payments may vary.

Location

700 16th St #109

Miami Beach, FL 33139

LINCOLN SUB

Features & Amenities

Interior Features

Bedroom on Main LevelFirst Floor Entry

Property Details

Flooring

Tile - Ceramic

Construction

Block

Parking

On Street

Heating

Electric (Heating)

Cooling

Central Air

Appliances

DishwasherMicrowaveRefrigeratorSelf Cleaning Oven

Questions & Answers

This 1-bedroom, 1-bathroom condo at 700 16th St is listed at $270,000 ($499/sqft). The estimated monthly payment is $2,157 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $713/month.

Key features include: Built in 1941, 2 stories. Interior Features: Bedroom on Main Level, First Floor Entry.

This property is listed by Fabrizio Passatore and can be reached at 3058987224.

FP

Fabrizio Passatore

License 3380549

Agent at Keyes Company Realtors

(305) 898-7224

Listed by Keyes Company Realtors · Broker phone: (305) 371-3592 · View on Broker Site

MLS# A12033629· Source: Miami REALTORS®· 106 days on PropertySimple

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

700 16th St #109, Miami Beach, FL 33139

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