This combined property offers a rare opportunity to develop your vision and luxury home on Belle Isle's exclusive Farrey Lane. Over 7,300 SF of land with open views to Biscayne Bay and city with 50 FT of waterfront and a large private dock. As per owner, approved plans to build a 9,125 SF luxury 3-story single-family home with a rooftop terrace & bay view. The property is in an amazing central location next door to The Standard Hotel, and just a short distance to Sunset Harbour, Lincoln Road, fine dining, shops, South Beach, downtown Miami, cultural & sport venues, and MIA airport. Exceptional opportunity to develop a luxury waterfront home in a highly sought-after location! Owners will not sell the Properties separately.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$66.1K
Per Month
Principal & Interest
$66.1K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$39.7K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
North Beach Elementary School
4100 Prairie Ave
Distance between this listing and this school1.90 miles
Public District Grades PK-5
Middle School
5
/10
Nautilus Middle School
4301 N Michigan Ave
Distance between this listing and this school1.87 miles
Public District Grades 6-8
High School
5
/10
Miami Beach Senior High School
2231 Prairie Ave
Distance between this listing and this school1.05 miles
Public District Grades 9-12
Assigned Schools
9
/10
North Beach Elementary School
4100 Prairie Ave
Distance between this listing and this school1.90 miles
Public District Grades PK-5
Nearby Schools
5
/10
Fienberg/Fisher K-8 Center
1420 Washington Ave
Distance between this listing and this school1.10 miles
Public District Grades PK-5
6
/10
South Pointe Elementary School
1050 4th St
Distance between this listing and this school1.44 miles
Public District Grades PK-5
Assigned Schools
5
/10
Nautilus Middle School
4301 N Michigan Ave
Distance between this listing and this school1.87 miles
Public District Grades 6-8
Nearby Schools
3
/10
Aspira Eugenio Maria De Hostos Youth Leadership Charter School
1 NE 19th St
Distance between this listing and this school2.84 miles
Public Charter Grades 6-8
4
/10
Theodore R. and Thelma A. Gibson Charter School
1698 And 1682 Nw 4th Ave
Distance between this listing and this school3.31 miles
Public Charter Grades PK-8
Assigned Schools
5
/10
Miami Beach Senior High School
2231 Prairie Ave
Distance between this listing and this school1.05 miles
Public District Grades 9-12
Nearby Schools
10
/10
I Preparatory Academy
1500 Biscayne Blvd
Distance between this listing and this school2.57 miles
Public Magnet Grades 9-12
8
/10
Miami-Dade Online Academy- Virtual Instruction Program
1501 NE 2nd Ave
Distance between this listing and this school2.60 miles
The neighbors living near this home have an average income of $84,868. Residents of Miami Beach, FL typically earn between $35k-100k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6-7 Farrey Ln
What is the listing price of this property?
The listing price of 6-7 Farrey Ln property is $13,247,000.
What type of property is this?
The property 6-7 Farrey Ln is land located in Miami Beach, Florida, 33139.
Is this property for sale now?
Active Listing: 6-7 Farrey Ln is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 6-7 Farrey Ln are: North Beach Elementary School: GreatSchools Rating 9/10Nautilus Middle School: GreatSchools Rating 5/10Miami Beach Senior High School: GreatSchools Rating 5/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 6-7 Farrey Ln in Miami Beach, FL and zip code 33139 in the Belle Isle neighborhood. This home sits on a 0.17 acre lot. It has been listed on Rocket Homes since July 29, 2023 and is currently priced at $13,247,000.
Over 8 listings were sold over their listed price in April 2024 in Miami Beach, FL. In the same period over 140 listings were sold below the listed price and 15 listings were sold for the listed price. The number of listings in Miami Beach, FL increased by 5.8% between March 2024 and April 2024. Listings spent 89 days on the market in April 2024, and had a median list price of $590,290 during the same period.
From Rocket Homes Real Estate and based on county public records data.