About This Home

This 1-bedroom, 1-bathroom condo at 700 16th St 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

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

Agent at The Keyes Company

(305) 898-7224

Listed by The Keyes Company · View on Broker Site

MLS# A12033629· Source: listhub· Listed today

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, Miami Beach, FL 33139

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