Merrick Manor buyers are realizing that the window to take advantage of the once-in-a-generation low interest rate environment will close very soon. With that in mind, a buyer just purchased Residence 1007, and five more closings are scheduled over the next few weeks.
Located on the top floor of the Coral Gables luxury building, Residence 1007 is a one-bedroom, one-bathroom condominium with 767 square feet under air. It includes a spacious enclosed terrace to enjoy the unparalleled views and fresh air.
Instead of staying on the sidelines, savvy buyers are acting now and locking in significant savings on mortgage interest payments. The numbers don’t lie: the cost of a 30-year mortgage at a 3% interest rate for a $600,000 condo totals $910,665 over the life of the loan. At a 6% interest rate, the total cost surges to $1,295,029.
The long-term savings for this hypothetical purchase at the 3% interest rate (compared with a 6% interest rate): $384,364!
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor also has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the Sales Gallery on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.
For more information about the Commercial spaces at Merrick Manor please call ONE Sotheby’s Manny Chamizo III (786) 486-6655.