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700 16th St # 109, Miami Beach FL 33139

Condo/Co-op For Sale
$270,000

BTC: 4.30622010

ETH: 169.31190388

29 days
1 bds
1 ba
541 sqft

Overview

LEASE WITH OPTION TO BUY 700 16th Street #109, Miami Beach, FL Purchase Price: $270,000 Lease Option Program: $3,500/month for 24 months Future Purchase Balance: $200,000 through cash payment or mortgage at closing Unique Opportunity in the Heart of Miami Beach Rare corner unit offering exceptional flexibility for both end-users and investors. Located at 700 16th Street in the vibrant Miami Beach area, this property features a private independent entrance with no direct connection to the building's common areas, creating a unique sense of privacy and accessibility. The unit has never been lived in and it is utilized as an office, resulting in an almost brand-new condition throughout. ? Corner unit with abundant natural light ? Brand-new kitchen ? New, never-used appliances ? Never occupied as a residence ? Excellent condition throughout ? Private independent entrance ? No direct connection to common building hallways or common areas ? Prime Miami Beach location near Lincoln Road, shopping, dining, and entertainment Lease With Option to Buy Structure Monthly Rent: $3,500 Lease Term: 24 Months Purchase Price Locked Today: $270,000 Final Balloon Payment / Mortgage Balance: $200,000 Opportunity to secure ownership while building toward future financing. This unique layout and private entrance make the property particularly attractive for professionals, seasonal residents, and investors seeking a versatile Miami Beach asset in a highly desirable location.

Location

Details

Type:
Residential
Parking:
On Street
Year Built:
1941
Lot:
No Data
Heating:
Electric
Price/sqft:
$499
Cooling:
Central Air
HOA:
$713

Valuation

Our model vs. what's actually selling nearby.
Estimate
$230,000
$189K – $268K
Confidence Low
List vs. estimate
$40K above estimate
List $270,000 · +17.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$499
-16.8% vs. city median $600
Based on
12 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $438K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,624
2025
HOA
$713/mo
View
Other View
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Microwave

    • Refrigerator

    • Self Cleaning Oven

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • On Street

    Property

    • Exterior Features: Other

    Other Property Information

    • Parcel Number: 02-32-34-240-0080

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $713

    • HOA Frequency: Monthly

    • Annual tax amount: $3,624

  • Source details

    • MLS ID: A12033629

    Other facts

    • Construction Materials: CBS Construction

    • Architectural Style: Corner Unit

    • Living Area: 541

    • Subdivision Name: LINCOLN SUB

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: The Keyes Company