Welcome to the last grandfathered hotel, Art Deco Marela, South of Fifth area in Miami Beach. This fully furnished, new, turn key & ready for immediate operation boutique hotel is a rare find, offering a unique blend of historic charm & modern luxury. Total 17 doors; configuration includes 12 king suites with pull out beds, 4 intimate queen suites & 1 residential apartment with long term rental, each one is a serene retreat. Completed in Dec 2024, meticulously designed by renowned architect & interior design firm, Urban Robot; exquisite furniture from the esteemed Parker Company. Situated in one of the most popular travel destinations, steps from 5-star restaurants, marina & the beach. This is an opportunity to own a piece of Miami Beach history.
310 Meridian Ave, Miami Beach, FL, 33139
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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