Cays Realty
16051 Collins Ave 1503, Sunny Isles Beach, FL 33160 — MLS photo

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16051 Collins Ave 1503, Sunny Isles Beach, FL 33160

Active · Condominium

$3,800,000

16051 Collins Ave 1503, Sunny Isles Beach, FL 33160

Beds
3
Baths
5
Living area
3,480 sq ft
$ / sq ft
$1,092/sq ft
Year built
2007
Lot size
—
HOA fee
$3,182 Monthly
Annual tax
$45,745

About this property

Luxury oceanfront residence at Turnberry Ocean Colony, Unit 1503, featuring breathtaking direct ocean and Intracoastal views from every room. This home approximately 3,500-square-foot home offers 3 bedrooms, 4.5 baths, and a private elevator entry. Residents enjoy world-class, five-star amenities including two heated pools, a full-service spa, private beach service, state-of-the-art fitness center, children’s club, hair salon, and two on-site restaurants with room service, along with 24-hour concierge, valet parking, gated entry, and dog-walk areas.

Property location

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16051 Collins Ave 1503, Sunny Isles Beach, FL 33160

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Facts & features

Interior

Bedrooms
3
Bathrooms
5
Living area
3,480 sq ft
Flooring
Ceramic Tile
Appliances
Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Other
Heating
Central
Interior features
Wet Bar, Bidet, Built In Features, Bedroom On Main Level, Breakfast Area, Closet Cabinetry, Eat In Kitchen, Family Dining Room, First Floor Entry, Fireplace, Kitchen Island, Living Dining Room, Custom Mirrors, Other, Pantry, Separate Shower, Walk In Closets, Bar

Exterior & Structure

Property type
Condominium
Year built
2007
Stories
36
Architectural style
High Rise
Construction
Block, Other
Exterior features
Balcony, Security High Impact Doors, Patio
Pool
Association, Heated
Waterfront
Ocean Access, Ocean Front
View
Bay, Canal, City, Intercoastal, Ocean, Water

Parking

Garage spaces
2
Covered spaces
2
Parking features
Two Or More Spaces, Valet

HOA, Community & Financials

Association fee
$3,182 Monthly
Fee inclusions
Amenities, Common Areas, Cable Tv, Hot Water, Internet, Maintenance Structure, Parking, Pest Control, Pools, Security, Trash, Water
Amenities
Fitness Center, Pool, Sauna, Spa Hot Tub, Storage, Elevators
Security
Closed Circuit Cameras, Door Man, Elevator Secured, Fire Alarm, Secured Garage Parking, Key Card Entry, Lobby Secured, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$45,745
Subdivision
TURNBERRY OCEAN COLONY
County
Miami-Dade
Days on market
229
MLS listing ID
A11933749
Listing status
Active

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

Estimated monthly cash flow

-$12,182

Cap rate
1.8%
Net yield
1.8%
Cash-on-cash return
-13.7%
Gross yield
5.3%
Mortgage payment
$18,014/mo
Down payment
$950,000
Loan amount
$2,850,000
Annual NOI
$69,982

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