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.
For sale
$270,000
700 16th St APT 109, Miami Beach, FL 33139
1beds
541sqft
Condominium
Built in 1941
-- sqft lot
$267,200 Zestimate®
$499/sqft
$713/mo HOA
What's special
Unique layoutBrand-new kitchenPrivate independent entranceExcellent condition throughoutNew never-used appliances
- 82 days
- 90
- 3
Zillow last checked:
Listing updated:
Listed by:
Fabrizio Passatore 305-898-7224,
The Keyes Company
Source: MIAMI,MLS#: A12033629
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Self Cleaning Oven
Features
- Flooring: Ceramic Tile
- Common walls with other units/homes: Corner Unit
Interior area
- Total structure area: 541
- Total interior livable area: 541 sqft
Video & virtual tour
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Entry location: First Floor Entry
- Exterior features: Other
- Has view: Yes
- View description: Other
Details
- Parcel number: 0232342400080
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- CBS Construction
Condition
- Year built: 1941
Community & HOA
Community
- Security: Fire Alarm, Smoke Detector, Other, TV Camera
- Application fee: $125
- Subdivision: Lincoln Sub
HOA
- Has HOA: Yes
- Amenities included: Laundry
- HOA fee: $713 monthly
Location
- Region: Miami Beach
Financial & listing details
- Price per square foot: $499/sqft
- Tax assessed value: $195,500
- Annual tax amount: $3,624
- Date on market: 6/9/2026
- Listing terms: All Cash,Lease Purchase
Estimated market value
$267,200
$254,000 - $281,000
$2,103/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listing removed | $2,400$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/17/2026 | Listed for rent | $2,400+45.5%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/9/2026 | Listed for sale | $270,000-87.9%$499/sqft |
Source: | ||
| 11/23/2021 | Sold | $2,230,000+833.1%$4,122/sqft |
Source: | ||
| 11/17/2021 | Pending sale | $239,000$442/sqft |
Source: | ||
| 9/29/2021 | Listed for sale | $239,000$442/sqft |
Source: | ||
| 8/31/2021 | Pending sale | $239,000$442/sqft |
Source: | ||
| 8/5/2021 | Listed for sale | $239,000+1.7%$442/sqft |
Source: | ||
| 12/31/2020 | Listing removed | -- |
Source: | ||
| 5/20/2020 | Listed for sale | $235,000$434/sqft |
Source: Florida.Doc Inc #A10458265 Report a problem | ||
| 5/19/2020 | Listing removed | $1,650$3/sqft |
Source: Florida.Doc Inc #A10677445 Report a problem | ||
| 4/21/2020 | Price change | $1,650-5.7%$3/sqft |
Source: Florida.Doc Inc #A10677445 Report a problem | ||
| 3/23/2020 | Listing removed | $235,000$434/sqft |
Source: Florida.Doc Inc #A10458265 Report a problem | ||
| 2/25/2020 | Listed for sale | $235,000-28.8%$434/sqft |
Source: Florida.Doc Inc #A10458265 Report a problem | ||
| 6/17/2019 | Price change | $1,750-5.4%$3/sqft |
Source: Florida.Doc Inc #A10677445 Report a problem | ||
| 5/22/2019 | Listed for rent | $1,850$3/sqft |
Source: Florida.Doc Inc #A10677445 Report a problem | ||
| 5/18/2017 | Sold | $330,000$610/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,668 -6.2% | $195,500 -5% |
| 2024 | $3,910 +5.6% | $205,700 +10% |
| 2023 | $3,705 +16% | $187,000 +10% |
| 2022 | $3,194 -2.4% | $170,000 +0.3% |
| 2021 | $3,273 -8.2% | $169,500 -8% |
| 2020 | $3,566 -5.1% | $184,200 -5% |
| 2019 | $3,757 -22.7% | $193,900 -25% |
| 2018 | $4,861 | $258,500 +10% |
| 2017 | $4,861 | $235,000 |
Find assessor info on the county website
Monthly payment
Est. payment








