UM Families: Use Life Insurance Proceeds to Buy a Coral Gables Condo!

Merrick Manor is down to its last few one-bedroom condominiums still available to help students at nearby University of Miami, which continues to deal with a major housing supply crisis. Parents and grandparents of Hurricane students could consider a creative option to help ensure their child or grandchild has a safe and convenient place to live: cashing out a life insurance policy.

Whole life policyholders have the option of withdrawing the entire cash value – or a partial amount – of a policy. Instead of loved ones having to wait for a death benefit, a policyholder could provide them with a gift they can access immediately. Merrick Manor’s Residence 628 is a perfect example of how such proceeds could be utilized.

Residence 628 is a one-bedroom, one-bathroom residence with 717 square feet under air. Its balcony offers gorgeous views with multiple vantage points, as Downtown Coral Gables can be taken in when facing east and Merrick Manor’s resort-style pool deck enjoyed from the opposite direction.

This residence is available for an unbeatable price of $582,990. To make it even more enticing, Merrick Manor just unveiled a special new one-bedroom incentive just for UM students!

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.” The building is surrounded by three championship golf courses and is just 20 minutes from Miami Beach.

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 new Sales Gallery in Suite 117 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.