Rare opportunity for a very private double lot in one of Miami’s few truly private gated waterfront neighborhoods, The Moorings. On the market for the first time in 54 years, this Coconut Grove retreat is positioned on elevated ground (approx. 16') and spans over 25,000 square feet making it among the largest in The Moorings. Buyers may (1) Enjoy the Bermuda-style home with 4 bedrooms, 5 bathrooms, sparkling pool, and a spacious screened patio, (2) Build a new residence surrounded by mature landscaping, specimen trees and private streets, or (3) Take advantage of two platted lots to build two homes. The Moorings, consisting of only 43 properties, is prized for its privacy, central Grove location (2-3 blocks to Ransom and Carrollton Schools), and marina exclusive to Moorings residents.
3540 N Moorings Way, Miami, FL, 33133
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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