This project spans two parcels at 5959 SW 71 St and 7090 SW 59 Pl, to be redeveloped by Alta Development. Stretching block to block, the residential and office components will have separate entrances. SomiWalk is nestled in the walkable neighborhood of South Miami, two blocks from the University of Miami and Coral Gables. This high-income area is home to staples like Fresh Market and Whole Foods, reflecting its affluence. The upcoming Sunset Place Redevelopment adds more dining and shopping options. Known for exclusivity, homes in the area are typically priced around $5.3 million. SomiWalk offers an entry point to this sought-after lifestyle at a fraction of the cost, with spaces starting at $899,000 for 1,000 to 30,000 sqft. Owners enjoy access to indoor pickleball courts and a gym
7090 SW 59th Pl, South Miami, FL, 33143
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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