18683 Collins Ave 508, Sunny Isles Beach, FL 33160 — MLS photo

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18683 Collins Ave 508, Sunny Isles Beach, FL 33160

Active · Condominium

$1,050,000

18683 Collins Ave 508, Sunny Isles Beach, FL 33160

Beds
2
Baths
3
Living area
1,497 sq ft
$ / sq ft
$701/sq ft
Year built
2005
Lot size
—
HOA fee
$1,850 Monthly
Annual tax
$11,939

About this property

Exceptional investment opportunity at Marenas Beach Resort in the heart of Sunny Isles Beach. This unique lockout unit offers exceptional flexibility and privacy. While the owner occupies one side of the residence, the other can be rented independently, creating an excellent opportunity for rental income without sacrificing privacy. Fully furnished 2-bedroom, 3-bath residence offers breathtaking panoramic views of the ocean and Intracoastal, creating the ultimate beachfront lifestyle experience. Situated within a prestigious 5-star resort with NO RENTAL RESTRICTIONS, this unit is ideal for investors seeking immediate income potential through short-term or long-term rentals. The residence features spacious closets, custom built-in cabinetry, an in-unit washer and dryer, new carpeting, sofa bed, TVs, and stylish patio furniture, all included for a true turnkey opportunity. Residents and guests enjoy an impressive array of resort-style amenities, including an infinity-edge pool, private beach service with cabanas, full-service spa, state-of-the-art fitness center, Jacuzzi, steam room, restaurant, bar/lounge areas, business center, concierge services, and 24-hour security. Maintenance fees include utilities for added value and convenience. Perfectly located just minutes from Aventura Mall and close to Bal Harbour Shops, this is a rare opportunity to own a luxury beachfront residence with exceptional revenue-generating potential.

Property location

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18683 Collins Ave 508, Sunny Isles Beach, FL 33160

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Facts & features

Interior

Bedrooms
2
Bathrooms
3
Living area
1,497 sq ft
Flooring
Carpet, Ceramic Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling
Electric
Heating
Electric
Interior features
Bedroom On Main Level, First Floor Entry, Elevator

Exterior & Structure

Property type
Condominium
Year built
2005
Stories
27
Construction
Block
Exterior features
Awnings, Security High Impact Doors
Pool
Association, Heated
Waterfront
Ocean Access, Ocean Front
View
Canal, Ocean

Parking

Garage spaces
0
Covered spaces
0
Parking features
Valet

HOA, Community & Financials

Association fee
$1,850 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Electricity, Hvac, Hot Water, Insurance, Internet, Pools, Reserve Fund, Sewer, Security, Trash, Water
Amenities
Business Center, Fitness Center, Pool, Sauna, Trash, Elevators
Security
Door Man, Fire Alarm, Lobby Secured, Fire Sprinkler System, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$11,939
Subdivision
M RESORT RESIDENCES CONDO
County
Miami-Dade
Days on market
93
MLS listing ID
A12000036
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

-$3,411

Cap rate
1.8%
Net yield
1.8%
Cash-on-cash return
-13.9%
Gross yield
6.4%
Mortgage payment
$4,978/mo
Down payment
$262,500
Loan amount
$787,500
Annual NOI
$18,797

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