Features & Amenities

Interior

  • Other Interior Features

    Elevator

  • Total Bedrooms

    3

  • Bathrooms

    3

  • 1/2 Bathrooms

    1

  • Cooling YN

    YES

  • Cooling

    Electric

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    Yes

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Brick, Block

  • Other Exterior Features

    Balcony

  • Pool

    Yes

  • Pool Features

    Association, Heated

  • Waterfront YN

    YES

  • View

    Bay, Ocean, Water

Area & Lot

  • Lot Features

    Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

Price

  • Sales Price

    $3,900,000

  • Sq. Footage

    2,105

  • Price/SqFt

    $1,852

HOA

  • Association

    YES

  • Association Fee

    $3,978

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    43

  • New Construction

    YES

  • Association Amenities

    Elevator(s), Pool, Sauna, Parking

  • Senior Community YN

    NO

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Location

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Listing Courtesy of Francisco Paz , Paz Realty, LLC

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Purchase Price
$3,900,000
This provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle.

Can be rented with option to purchase.

Lease Structure:
12-month lease
$19,500 per month

Purchase Option:
Option deposit: $145,500  - equivalent to 3% and credited toward purchase but non-refundable.
Rent credit: 40% of rent paid during the lease period applied toward the purchase price = $93,600 ( $19,500 x 12 x .40)
9 months into the lease the purchase option should be confirmed.

Over a full year, this structure results in approximately $239,000 credited toward the purchase, bringing the effective purchase price to roughly $3,661M if the option is exercised. The buyer may exercise the option to buy once the 12-month holding period is satisfied. 

This arrangement is particularly useful for someone who would like to secure a position in the building now, and complete the acquisition once the timing aligns.

175 SE 25th Rd 502

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