18911 Collins Avenue 506, Sunny Isles Beach, FL 33160 — MLS photo

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18911 Collins Avenue 506, Sunny Isles Beach, FL 33160

Active · Condominium

$1,390,000

18911 Collins Avenue 506, Sunny Isles Beach, FL 33160

Beds
3
Baths
3
Living area
2,136 sq ft
$ / sq ft
$651/sq ft
Year built
2003
Lot size
—
HOA fee
$1,817 Monthly
Annual tax
$11,763

About this property

Welcome to the prestigious, Ocean 3 Condo, in the heart of Sunny Isles, and welcome to the lowers priced 3/3 in the building! Luxury Ocean-front building with private beach access, full beach & pool service, and many other amenities. Spacious 3BR, 3 Baths, 2,136 sq ft unit, featuring Private Elevator Entrance and 3 suites split plan. New modern kitchen, just installed, Master Suite with walk-in shower, jacuzzi, dual sink and a large walk-in closet. Marble flooring. Light, neutral tones throughout the unit. The master and 2nd BR have ocean views. You also can see the tennis courts from the windows, which are used about one day per month in the morning. The third BR has city view. Formal Dining Room Plus an Eat-in Kitchen. His & Her Master Bath & Closets, Separate Laundry room. Floor to ceiling impact glass windows. Walk-in closets. Unit has 2 large balconies with Ocean and intercostal views. One facing East, and one facing West, to enjoy both sunrise and sunset. This apartment comes with 1 storage, 1 assigned parking space in garage. Your 2nd car can be parked for free with Valet. Low floor, and walking distance to several houses of worship. This unit is owner occupied, need 24 hours notice for showings. This unit is priced lower than competition, because ocean view is partially obstructed by the tennis court. Amenities include Beach Service, Heated Pool with Service, Bistro Cafeteria, Tennis Courts, Rooftop Jacuzzi, Spa, State Of Art Gym, Party Room, Valet, 24-hr Security & More. Perfect location, near Restaurants, Shops, Great Schools, Parks And More. Close to Aventura Mall & Bal Harbour, Shops & 2 International Airports. Rental terms must be for a minimum of six (6) months and a maximum of one year. No short term rentals or sub-leases are ever permitted. Motivated seller. Bring all offers!

Property location

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18911 Collins Avenue 506, Sunny Isles Beach, FL 33160

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
2,136 sq ft
Flooring
Marble
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Closet Cabinetry, Dual Sinks, Split Bedrooms, Separate Shower, Walk In Closets, Elevator

Exterior & Structure

Property type
Condominium
Year built
2003
Stories
37
Lot size
0 sq ft
Construction
Block
Pool
None, Association, Community
Spa
Community
Waterfront
Ocean Access

Parking

Garage spaces
1
Covered spaces
1
Parking features
Garage, One Space

HOA, Community & Financials

Association fee
$1,817 Monthly
Fee inclusions
Association Management
Amenities
Billiard Room, Bike Storage, Clubhouse, Elevators, Fitness Center, Management, Pool, Sauna, Spa Hot Tub, Storage, Tennis Courts, Trash
Pets allowed
No
Annual tax
$11,763
Subdivision
OCEAN THREE
County
Miami-Dade
Days on market
436
MLS listing ID
R11114372
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$3,297

Cap rate
2.8%
Net yield
2.8%
Cash-on-cash return
-10.2%
Gross yield
6.6%
Mortgage payment
$6,589/mo
Down payment
$347,500
Loan amount
$1,042,500
Annual NOI
$39,507

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