For sale Condo

Listed Jun 9, 2026

$270,000 Est. $1,786/mo

700 16th Street 109

  • 1

    Beds

  • 1

    Baths

  • 541

    Sq ft

The story

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.

Facts & features

Home type

Condo

Year built

1941

Price per sq ft

$499

HOA

$713 / monthly

Included features

  • Cooling

    Central Air

  • Heating

    Electric

  • Appliances

    Dishwasher, Microwave, Refrigerator, Self Cleaning Oven

  • Flooring

    Ceramic Tile

Mortgage calculator

Estimated monthly payment

$1,786 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $1,437
  • Property tax $270
  • Insurance $79

Includes principal, interest, taxes & insurance.

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Listing Broker

The Keyes Company

Broker Name

The Keyes Company

Agent

Fabrizio Passatore

Location

Miami Beach FL 33139