Additional Details

• Important Details: --> Vacant at close --> HOA is $1002/MO (Common Area, Insurance, Landscaping/Lawn Maintenance, Manager, Outside Maintenance, Reserve Fund, Roof Repairs, Sewer, Trash Removal, Water)
• Features: Turnkey Miami Beach condo! 1/1 655 SQFT vacant at close and located in the sought-after Exotic Villas boutique community with only 7 units and currently no active properties for sale in the building. This bright 1BR/1BA condo is situated within walking distance to the beach, Lincoln Road, Española Way, and a variety of restaurants, making it an ideal short-term getaway, seasonal residence, or long-term hold in one of Miami Beach’s most desirable locations. Charming character paired with strong walkability and limited inventory in the building creates solid upside and desirability for end buyers alike.
• Potential ARV: $320,000-$340,000
• Rehab Description: The property is turnkey; however, the buyer must assume the current open permits/violations and pull an after-the-fact permit for the renovations completed in order to clear the violations. No monetary fees are currently due at this time
• Comparable Rent: $2400-$2500/MO
• Ideal Investment Strategy: Resale/Rental
• Construction: CBS/Condo
• Comp 1: 935 16th Street # 935 Miami Beach, FL 33139 1/1 650 SQFT 1938 Build SOLD @ $350,000 7/15/25 (Similar condition/same unit)
• Comp 2: 900 16th St # 204 MIAMI BEACH, FL 33139 1/1 656 SQFT 1925 Build SOLD @ $292,500 8/26/25 (Different building/updated)
• Comp 3: 1611 Euclid Ave # 5MIAMI BEACH, FL 33139 1/1 610 SQFT 1947 Build SOLD @ $321,000 3/23/26 (Different building/Smaller/updated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money