2901 South Bayshore Drive, Apt 4A, Miami, FL, 33133

Property Details: • Type: Single Family Residence • Bedrooms: 2 • Bathrooms: 2 • Square Footage: 405 sq ft

Description: Yacht Harbour Coconut Grove condominium. A premier architecturally significant gem since 1975. Original owner is selling a 2 bedroom 2 bath unit with a huge 405 sq. ft. balcony - perfect for entertaining - overlooking the entrance, mature oak tree array and partial bay/marina view. Ken Treister designed this beautiful residential tower with a Colonial East India theme uniquely suited to the South Florida climate and environment.

The building features a 24-hour concierge, valet parking and a host of amenities (heated pool, tennis courts, exercise room and more). Each year the famous Coconut Grove Art Festival unveils itself literally just outside of the building. The many delights of the Grove are just few steps away year 'round.

It is also important to note that, unlike many of the units in this building, the apartment includes two indoor garage parking spaces. There is a small exercise facility adjacent to the garage that is available for residents to schedule in conjunction with a trainer they may have.

4A has belonged to one family since it was built. While much of the unit is original, careful attention has been paid to maintaining important aspects of the infrastructure. In the past year, a new electrical circuit breaker panel and water heater were installed. The balcony boasts a manual set of storm shutters along the railing that slide into place and lock eliminating the need to move items from the balcony in the event of a hurricane. Over the years, both bathrooms have been renovated. The more recent one is about 9 years old and has a shower/tub combination. At the time of purchase custom dark wood molding, in keeping with the theme of the building, was commissioned in the living and dining room areas. While the kitchen floor and cabinets are old and in need of renovation, the appliances are high quality GE Cafe series and the washer/dryer unit is a top of the line LG machine. The living/dining area and balcony have Italian tile floors while the two bedrooms are carpeted (one fairly recently).

As is the case with any 50 year old residence, any new owner will want to make changes and renovate to suit their personal needs and preferences. We have seen many buyers come in and complete gut and renovate units that were just completed. The point is that this unit is livable as is and the new owner can take time to make the desired changes.

In compliance with Florida law, the building is in the process of working to successfully pass the 50 year mandated inspection. A special assessment has been approved by the board and owners. This owner has exercised the option of paying half of the assessment up front and making monthly payments for second half. It is expected that the buyer will assume these payments. Therefore, the seller and owner will have split the cost of the special assessment which seems fair and equitable and, the new owner will, of course, benefit from the work. The value will continue to steadily increase and has done so over the course of the building's existence. This property is an excellent value and is priced lower than many surrounding buildings of less aesthetic value.

We look forward to the opportunity to discuss this excellent value in one of the prime neighborhoods of Miami and to arrange to show the unit.

Features: ow the unit.

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