Terrazas Miami, located on the Miami River in Greater Downtown Miami, is complete and move-in ready, but has been overlooked by condo investors because of the high amount of pre-construction condos on the Miami market. Terrazas Miami is an unbelievable condo investment opportunity with the chance to start receiving rental income immediately upon closing with a 6-7% cap rate, which is extremely hard to find in Miami since the average cap rate in Miami is only about 3%.
There are 174 luxury condos available at Terrazas Miami with prices starting as low as $258 per square foot and average prices per square foot at $345. To put this investment into perspective, you can get a 1-bedroom condo at Terrazas for as low as $271,000…something impossible to find in any other newer building in Miami.
If you, or someone you know, are interested in purchasing a luxury condo at Terrazas Miami, please contact your Miami condo specialist, Michael Light. You may reach me at 786.566.1700 or michael@miamiluxuryhomes.com.
Why is Terrazas Miami an Extraordinary Miami Condo Investment?
Most residences offer the first 2 years, yes 2 entire years, of maintenance fees AND taxes FREE–paid in advance by the seller. And, after 2 years of free maintenance fees, maintenance fees will only be $.55 per square foot, which is really low compared to other condo buildings in Greater Downtown Miami. In addition, most condos at Terrazas Miami are enrolled in an in-house leasing program with opportunities for buyers to immediately see a 6-7% cap rate!
About Terrazas Miami
Terrazas Miami condo development consists of 2 luxury condo towers—Park Tower which is 21 stories and River Tower which is 27 stories. Terrazas Miami features 324 total condo residences offering 1-3 bedrooms, 2-story townhomes and duplex penthouse residences with gourmet kitchens, spa-like bathrooms and expansive terraces.
Terrazas Miami offers an array of luxury amenities exclusive to residents of Terrazas including a resort-style pool deck with swimming pool and private cabanas, spa, state-of-the-art fitness center, business center and much more.
Terrazas Miami is located adjacent to the Miami River Boardwalk and E.G. Sewell Waterfront Park in an up-and-coming neighborhood of the Miami River District just minutes from Downtown Miami, Brickell, Wynwood/Midtown, Miami Beach and Coconut Grove.
Terrazas Miami Residence Features
- Offering a variety of open-concept floor plans including 1-3 bedrooms, townhomes and penthouse residences
- Stunning Miami skyline views
- Floor-to-ceiling glass windows throughout
- Modern kitchens with premium stainless steel appliances and granite countertops
- Laundry room with washer and dryer combination in each unit
- Large walk-in closets
- Private terraces with glass railings
Terrazas Miami Features & Amenities
- Spectacular lobbies and pool deck interiors designed by celebrated Steven G
- 20,000-square-foot pool deck perfectly elevated to provide a panoramic stunning view of the Miami River and the Miami skyline
- Resort-style, 78-foot long swimming pool with exclusive lounge cabanas
- Hydrotherapy hot tub
- Relaxation sauna
- Outdoor barbecue grilling areas
- Indoor and outdoor social lounges
- Private fitness center
- Fully-equipped business center
- 24-hour security
- Secured, covered and gated parking
- Pet-friendly community with new private dog park
- Private entrance to Miami River Boardwalk and E.G. Sewell Waterfront Park
See picture of Terrazas Miami below.
Disclaimer: Information contained herein is for informative purposes only and is subject to change at any time without notice.