9940 W Bay Harbor Dr, #5E-N, Bay Harbor Islands, FL, 33154 | $1,150,000

Kai Bay Harbor is the Icon waterfront residence created by Arquitectonica. Direct water views from this 1 bedroom + den converted on the second Bedroom Cristal White Marble Floor. Facing West to gorgeous sunsets and marina docks. Rooftop infinity pool and lounge area with 360 views of Biscayne Bay, Bal Harbor and the beaches Walk to A+ school, restaurants places of worship, Bal Harbor shops and beach. Kai's elegant design boasts large balconies and a rooftop terrace with a lap pool, sun deck and plenty of space for entertaining and leisure activities. The exceptional location offered by Kai is directly on the water in Biscayne Bay & centrally located between Aventura and South Beach Residents are close to the beach, Bal Harbor Shops coffee shops restaurants stores & Indian Creek Golf Course

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 7
  • Amenities: Boat Dock,Marina,Elevator(s)
  • Bedrooms: 2
  • Baths: 2 full
  • Complex: KAI AT BAY HARBOR CONDO
  • Year Built: 2016
  • Common Charge: $1,400 Monthly
  • Approx Sq. Feet: 1,106
  • Est. Taxes: $12,918
  • View: Intercoastal
  • Water Front: Yes
  • Elem. School: Bay Harbor
  • Middle School: Nautilus
  • High School: Miami Beach
  • Pets Allowed: Yes
  • Pet Policy: Size Limit,Yes
  • Appliances: Dryer,Dishwasher,Disposal,Microwave,Washer
  • MLS#: A11592245
  • Days on Market: 167 days
  • Website: https://www.raveis.com
    /prop/A11592245/9940wbayharbordr_bayharborislands_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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9940 W Bay Harbor Dr, #5E-N, Bay Harbor Islands, FL, 33154

$1,150,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $920,000 $920,000 $920,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $1,077 $1,077 $1,077
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,891 $5,891 $8,078
Total Monthly Payment $7,092 $7,092 $9,279

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.