9940 W Bay Harbor Dr., #5ES, Bay Harbor Islands, FL, 33154 | $1,150,000

Nestled on the beautiful waterfront of Bay Harbor Islands, Kai Bay Harbor is a masterfully crafted residence designed by the renowned Arquitectonica. This stunning fully furnished 1-bedroom + large den converted to second bedroom, features breathtaking direct water views, 2 full baths and a fantastic balcony overlooking the water.

Kai offers a rooftop oasis complete with an infinity pool, lounge area, and 360-degree views encompassing Biscayne Bay, Bal Harbour, and the pristine beaches. Short walk to top-rated schools, renowned dining, places of worship and Bal Harbour Shops.

Perfectly positioned , this residence offers unparalleled access to the beach, upscale shopping, vibrant coffee shops.

Features

  • Heating: None
  • Cooling: Central Air
  • Levels: 7
  • Amenities: Boat Dock,Elevator(s),Barbecue,Picnic Area,Pool
  • 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: $13,500
  • View: Canal
  • Water Front: Yes
  • Pets Allowed: Yes
  • Pet Policy: No Pet Restrictions,Yes
  • Appliances: Dryer,Dishwasher,Microwave,Refrigerator,Washer
  • MLS#: A11700261
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A11700261/9940wbayharbordr_bayharborislands_fl?source=qrflyer
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Listing courtesy of DOUGLAS ELLIMAN   Phone: 305-695-6060

William Raveis Family of Services

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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9940 W Bay Harbor Dr., #5ES, 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% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.750% 6.745%
Monthly Tax Payment $1,125 $1,125 $1,125
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,891 $5,891 $8,014
Total Monthly Payment $7,141 $7,141 $9,264

* 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.