Merrick Manor is introducing a special incentive that will further motivate real estate agents to bring buyers for the Coral Gables building’s final developer-owned condominiums. Starting now, the Astor Companies will reduce its developer fee by one full point on one-bedroom condo sales.
The one-point fee reduction – from 1.75% of the sale price to 0.75% – enables Astor to give agents a guaranteed 4% commission upon closing a one-bedroom transaction. That is much better than any resale options in the building.
Mortgage rates are declining, and the much-anticipated Fed rate cut expected this month will drive rates down further. However, inventory is still tight – especially in the Greater Miami market. The buying frenzy in response to lower mortgage rates will gobble up any existing supply, and Merrick Manor’s last few available condos are no exception.
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and 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 our Model Residence 527 on the at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. Open from 11 a.m. to 5 p.m. on Monday through Friday and weekends by appointment.
