1605 Lenox Avenue Unit 1605-3, Miami Beach, FL 33139

$290,000
1
BD
2
BA
714
SqFt

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List Price
$290,000
Days on Market
14
MLS#
A12068236
Year Built
1940
Bedrooms
1
Bathrooms
2
Living Area
714
MLS Area Major
2320

Property Description

Unique Miami Beach condo for sale just steps from Lincoln Road in the gated Lincoln Road Villas. This approximately 720-square-foot, first-floor corner residence offers one bedroom plus den, two full bathrooms, two independent entrances, central A/C and exceptional layout flexibility. Recent improvements include new flooring and impact windows. The updated kitchen features granite countertops, stainless-steel appliances and gas cooking, while both bathrooms offer stone finishes and walk-in showers. The double-entry configuration and two existing bathrooms may allow the property to be reconfigured into a studio and a separate one-bedroom suite—ideal for multigenerational living, owner-and-guest privacy, a home office or a long-term rental strategy, subject to condominium, City of Miami Beach and permitting approval. The condominium reports approximately 15% reserves, and the building’s 40-year recertification has been completed. A rare South Beach real estate opportunity combining Art Deco character, a lush tropical courtyard, gated entry and direct ground-floor access. Offered at $290,000 for a cash purchase. A lease-option is also available at $4,000 per month for 24 months, with $96,000 credited toward the $320,000 option purchase price and a final balloon payment of $224,000. Buyer must independently verify all financial information, approvals, permits, reserves and lease-option terms. In the HOA fee are included insurance w/wind. reserves water sewer and internet.

Additional Information

Taxes
$4,529
Hoa Fee
$900
Interior Features
Main Level Primary
Appliances
Dishwasher
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block
Elementary School
Miami Beach Fienberg / Fisher K-8
High School
Miami Beach

Listing courtesy of The Keyes Company.

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