8777 Collins Avenue 604, Surfside, FL 33154 — MLS photo

Active · Condominium

$21,250,000

8777 Collins Avenue 604, Surfside, FL 33154

Beds: 4
Baths: 5
Living area: 6,111 sq ft
$ / sq ft: $3,477/sq ft
Year built: 2029
Lot size: —
HOA fee: $22,305 Monthly
Annual tax: $0

About this property

Extraordinary oceanfront sanctuary redefines coastal luxury in South Florida's most prestigious enclave, "Billionaire's Triangle". Limited collection 37 expansive sky mansions within a striking 12-story boutique tower, designed by world-renowned Zaha Hadid Architects. 200 linear ft of direct ocean frontage on a 2-acre estate, operated as a 5-star property, w/over 55,000 SF of life-enhancing amenities. Residences offer Atlantic, Intracoastal & Downtown views. Custom interiors by HBA, w/ kitchens, wardrobes, bathrooms by Molteni&C. Two 75-ft pools, include rooftop glass-bottom pool bridging north & south wings. Wellness focused amenities; Pilates reformer, yoga studios, immersive 20K SF meditation garden w/water features. Elevated security, business suites, michelin-standard restaurant.

Property location

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8777 Collins Avenue 604, Surfside, FL 33154

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Facts & features

Interior

Bedrooms: 4
Bathrooms: 5
Living area: 6,111 sq ft
Flooring: Hardwood, Marble, Wood
Appliances: Built In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Gas Range, Ice Maker, Refrigerator, Self Cleaning Oven, Washer
Cooling: Electric, Zoned
Heating: Electric, Zoned
Interior features: Wet Bar, Built In Features, Bedroom On Main Level, Bathtub, Kitchen Island, Sitting Area In Primary, Bar, Walk In Closets, Elevator

Exterior & Structure

Property type: Condominium
Year built: 2029
Stories: 12
Exterior features: Security High Impact Doors
Pool: Association, Heated
Waterfront: Ocean Access
View: Bay, Intercoastal, Ocean, Tennis Court

Parking

Garage spaces: 3
Covered spaces: 3
Parking features: Assigned, Covered, Guest, Garage Door Opener

HOA, Community & Financials

Association fee: $22,305 Monthly
Fee inclusions: Association Management, Common Areas, Hvac, Maintenance Grounds, Maintenance Structure, Pools, Reserve Fund, Security, Trash
Amenities: Bike Storage, Business Center, Fitness Center, Playground, Pool, Spa Hot Tub, Elevators
Security: Closed Circuit Cameras, Door Man, Secured Garage Parking, Smoke Detectors
Pets allowed: No, Yes
Annual tax: $0
Subdivision: SECOND AMD PLAT OF NORMAND
County: Miami-Dade
Days on market: 343
MLS listing ID: A11838097
Listing status: Active

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Interest rate (%)

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Monthly HOA ($)

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Estimated monthly cash flow

-$72,943

Cap rate: 1.6%
Net yield: 1.6%
Cash-on-cash return: -14.7%
Gross yield: 3.9%
Mortgage payment: $100,736/mo
Down payment: $5,312,500
Loan amount: $15,937,500
Annual NOI: $333,510

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