17121 Collins Ave 4803, Sunny Isles Beach, FL 33160 — MLS photo

Active · Condominium

$11,600,000

17121 Collins Ave 4803, Sunny Isles Beach, FL 33160

Beds: 6
Baths: 8
Living area: 8,332 sq ft
$ / sq ft: $1,392/sq ft
Year built: 2009
Lot size: —
HOA fee: $12,788 Monthly
Annual tax: $125,448

About this property

Experience unparalleled luxury in this renovated PH #4803 at Jade Ocean. Boasting 8,332 SF of interior living space, this 6 br, 7.5 ba residence truly lives like a private mansion in the sky. Private elevator opens directly into the unit. Designed for both grand entertaining and elevated everyday living, the home features expansive living + family rooms, along with a soundproofed studio/party room complete with its own bar. The primary suite is a retreat, featuring a dedicated movie room, gym, and sauna. Over $2 million in custom renovations showcase European white oak flooring, stretch ceiling upgrades, and designer lighting. 2,000 SF of terrace space with breathtaking 360 degree views of the Atlantic Ocean, beach, and Intracoastal. Assigned parking spaces Located in P3 #3065, #3044, #3066. View Matterport tour for a detailed walkthrough of the property.

Property location

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17121 Collins Ave 4803, Sunny Isles Beach, FL 33160

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Facts & features

Interior

Bedrooms: 6
Bathrooms: 8
Living area: 8,332 sq ft
Flooring: Ceramic Tile, Hardwood, Marble, Wood
Appliances: Built In Oven, Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
Cooling: Central Air
Heating: Central
Interior features: Built In Features, Bedroom On Main Level, Dining Area, Separate Formal Dining Room, Dual Sinks, Second Floor Entry, Entrance Foyer, First Floor Entry, High Ceilings, Jetted Tub, Kitchen Dining Combo, Living Dining Room, Main Living Area Entry Level, Sitting Area In Primary, Split Bedrooms, Separate Shower, Upper Level Primary, Elevator
Furnished: Furnished

Exterior & Structure

Property type: Condominium
Year built: 2009
Stories: 51
Architectural style: Penthouse
Construction: CBSConcrete Block Structure, Block
Exterior features: Other, Patio
Pool: Association
Waterfront: Ocean Front
View: Intercoastal, Ocean

Parking

Garage spaces: 3
Covered spaces: 3
Parking features: Attached, Garage, Guest, Two Or More Spaces, Valet

HOA, Community & Financials

Association fee: $12,788 Monthly
Fee inclusions: Association Management, Amenities, Common Areas, Hot Water, Insurance, Parking, Pools, Recreation Facilities, Reserve Fund, Sewer, Security, Trash, Water
Amenities: Bike Storage, Business Center, Cabana, Clubhouse, Fitness Center, Barbecue, Picnic Area, Pool, Sauna, Spa Hot Tub, Storage, Elevators
Security: Door Man, Elevator Secured, Secured Garage Parking
Pets allowed: Conditional, Yes
Annual tax: $125,448
Subdivision: JADE OCEAN CONDO
County: Miami-Dade
Days on market: 159
MLS listing ID: A11966986
Listing status: Active

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Interest rate (%)

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Monthly HOA ($)

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Estimated monthly cash flow

-$42,790

Cap rate: 1.3%
Net yield: 1.3%
Cash-on-cash return: -15.8%
Gross yield: 4.9%
Mortgage payment: $54,990/mo
Down payment: $2,900,000
Loan amount: $8,700,000
Annual NOI: $146,394

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