18555 Collins Ave 4203, Sunny Isles Beach, FL 33160 — MLS photo

Active · Condominium

$6,250,000

18555 Collins Ave 4203, Sunny Isles Beach, FL 33160

Beds: 3
Baths: 5
Living area: 3,130 sq ft
$ / sq ft: $1,997/sq ft
Year built: 2016
Lot size: —
HOA fee: $7,133 Monthly
Annual tax: $62,273

About this property

Experience unparalleled luxury in this breathtaking 2-story apartment at the prestigious Porsche Design Tower. Boasting awe-inspiring sunset, intracoastal, and city views, this residence epitomizes sophistication & style. With Artefacto furnishings and Ornre custom Walk-in closets, this home comes alive with nightly elegance, soaring 21-foot ceilings & floor-to-ceiling windows there is sense of grandeur & light. This 3 bedroom with 4.5 bathroom "home in the sky" is a sanctuary of modern luxury. Indulge in 5-star amenities, including a private chef, bar, rejuvenating spa with sauna, steam, cold plunge, oceanfront gym, & entertainment spaces. The dedicated car elevator & concierge ensures your lifestyle is as seamless as it is lavish—a rare opportunity to embrace an extraordinary lifestyle.

Property location

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18555 Collins Ave 4203, Sunny Isles Beach, FL 33160

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Facts & features

Interior

Bedrooms: 3
Bathrooms: 5
Living area: 3,130 sq ft
Flooring: Ceramic Tile
Appliances: Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Washer
Cooling: Electric
Heating: Electric
Interior features: Breakfast Bar, Bidet, Built In Features, Bedroom On Main Level, Bathtub, Dining Area, Separate Formal Dining Room, Dual Sinks, Eat In Kitchen, First Floor Entry, High Ceilings, Jetted Tub, Kitchen Island, Custom Mirrors, Main Living Area Entry Level, Sitting Area In Primary, Separate Shower, Upper Level Primary, Walk In Closets, Elevator, Bar
Furnished: Furnished

Exterior & Structure

Property type: Condominium
Year built: 2016
Stories: 60
Architectural style: Split Level
Construction: Block
Exterior features: Balcony, Barbecue, Security High Impact Doors
Waterfront: Bayfront, Intracoastal Access, Ocean Access
View: Bay, Intercoastal, Water

Parking

Garage spaces: 2
Covered spaces: 4
Parking features: Attached Carport, Attached, Garage, Two Or More Spaces, Valet

HOA, Community & Financials

Association fee: $7,133 Monthly
Fee inclusions: Association Management, Amenities, Cable Tv, Insurance, Internet, Sewer, Security, Trash, Water
Amenities: Business Center, Community Kitchen, Fitness Center, Playground, Pool, Sauna, Spa Hot Tub, Trash, Vehicle Wash Area, Elevators
Security: Elevator Secured, Lobby Secured, Security Guard
Pets allowed: Conditional, Yes
Annual tax: $62,273
Subdivision: 18555 COLLINS AVENUE COND
County: Miami-Dade
Days on market: 515
MLS listing ID: A11730415
Listing status: Active

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Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

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Estimated monthly cash flow

-$25,057

Cap rate: 0.9%
Net yield: 0.9%
Cash-on-cash return: -17.2%
Gross yield: 4.4%
Mortgage payment: $29,628/mo
Down payment: $1,562,500
Loan amount: $4,687,500
Annual NOI: $54,859

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.