Terrazas Miami, a luxury waterfront condominium on the Miami River, is now 50- percent sold, with much of the sales success attributed to the resurgence of the Miami River neighborhood.
The property, located in the heart of the desirable Miami River district, is a twotower, 324-unit luxury gated community featuring one, two and three-bedroom residences, lofts, townhomes and penthouses. Aside from the prime location, the availability of multiple financing options is also attracting buyer interest. Financing options include down payments of as little as 15 percent, a huge benefit compared to new construction developments in Miami that require up to 50 percent down. Multiple lenders are offering primary home purchasers up to 85 percent financing, while second home buyers can obtain up to 65 percent financing and foreign buyers can obtain up to 60 percent.
“Many buyers see the great opportunity being offered at Terrazas Miami. All around the property, the Miami River community is being completely transformed,” said Ana Maria Sierra, sales manager at Terrazas. “And unlike many other options, buyers can close immediately and either begin living in their unit or simply purchase a pre-leased unit.”
Located near the Civic Center Health District, Downtown Miami, Miami International Airport and the Brickell Financial District, the Miami River neighborhood was overlooked by developers in the past but is now one of the most desirable locations in Miami. Nearly $1 billion in development is planned for the Riverfront and Health District over the next few years including five new restaurants totaling about 40,000 square feet.
The units feature luxury finishes, high-end stainless steel appliances, granite countertops and an in-unit washer/dryer. Residents will be able to enjoy stunning views of the Miami River and the downtown Miami skyline from their expansive private balconies. They also have access to a private clubhouse that includes a party room complete with a bar and kitchen.
Located at 1861 NW South River Drive, Terrazas Miami prices start in the mid- $200,000s. A majority of the units are priced under $400,000.
For more information on Terrazas Miami, contact the sales office at 305-440-4775.
About Terrazas Miami:
Terrazas Miami is a completely finished, two-tower, 324-unit luxury gated community located at 1861 N.W. South River Drive on the Miami River. The community includes 1, 2 3 bedroom apartments, lofts, townhomes and penthouses. Residents have access to the Miami River and E.G. Sewell Park. The community is a short distance from the Civic Center Health District, downtown Miami, Miami International Airport and the Brickell Financial District.
For more information visit www.terrazasmiami.com.
