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Located in one of Miami’s most sought-after gated communities where the HOA is optional, this charming 1936 home in Belle Meade offers the perfect blend of historic character, modern updates, and long-term investment potential. With 3 bedrooms, 2 updated bathrooms, and 1, 541 square feet of living space, this property is fully leased through February 2026, providing immediate rental income in a stable, appreciating market.
Inside, the home features refinished wood flooring throughout, a renovated kitchen with modern appliances, and updated bathrooms—ensuring low maintenance and tenant satisfaction. The 2020 AC unit adds efficiency, while awnings and a fully fenced yard help minimize expenses and offer additional peace of mind. Tenants enjoy indoor-outdoor living with a private patio, side deck, and fruit-bearing trees including mango, avocado, and sapodilla.
Set apart from the bustle of Biscayne Boulevard, yet minutes from all the action, Belle Meade is known for its security, charm, and high demand. The property is also located near parks and award-winning schools, adding to its long-term rental appeal. Whether expanding your portfolio or securing a piece of historic Miami real estate, this move-in ready home checks all the boxes.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,550,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,240,000 | $1,240,000 | $1,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
Monthly Tax Payment | $1,196 | $1,196 | $1,196 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,534 | $7,940 | $10,717 |
Total Monthly Payment | $8,855 | $9,261 | $12,038 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.