Morrison Condos

Miami Condos, Miami Brickell Condos, Miami Preconstruction, Miami Real Estate

Price Range: $200,000 - $400,000
Turn Key Units!!!!!!

Morrison Condos Luxurious Amenities:

• 24 hour concierge services
• Modern Europeasn Kitchen and bathrooms with stainless steel appliances and faucets
• Granite countertops
• Meditation Garden
• Yoga Pavillion
• Spa and sauna
• State of the art fitness center
• Large pool deck with chef's area in our 2 pools
• Atrium lobby
• Fully equiped business center and conference room
• Private and secure playground
• Spectacular views of the Bay, Miami River and Downtown Miami Skyline
• Much, Much More...

Great City of Miami Incentives:

The city of Miami, for example, gives the developer special access to its workers. A message on the city’s internal computer network offers a closing credit worth three years’ of maintenance fees — an estimated $10,000 value

The developer is targeting local end users who might not normally qualify to buy a home in a market where the median household income of $46,350 limits access to condos priced at $250,900. Options at this price are limited and usually require a long commute to work centers such as downtown Miami.

Employer programs

A report last year by the Beacon Council, Miami-Dade’s economic development agency, concluded the average South Florida resident cannot afford to buy a home.

In Broward County, for example, the study using 2004 data concluded that a buyer would need to earn $119,146 to afford the average home worth $297,864. But the average household income in the county was only $69,001. Prices have escalated since then, but wages aren’t keeping up.

A firefighter earning $63,128 could afford a home costing $157,820, the study found. Firefighters were the highest paid among the essential workers considered by the study. For firefighters in a dual-income household, the Beacon Council estimated the family could afford a home costing up to $254,715.

Some employers are also setting up programs to help middle-income employees to buy residences.

The city of Miami gives employees up to $25,000 for a down payment. Employees can earn no more than $64,900, and the unit price can’t be more than $300,000.

Baptist Hospital’s Pineapple Perks Program allows nurses buying their first home to apply for a $10,000 grant.

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