16400 Collins Avenue 641, Sunny Isles Beach, FL 33160 — MLS photo

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16400 Collins Avenue 641, Sunny Isles Beach, FL 33160

Active · Condominium

$1,350,000

16400 Collins Avenue 641, Sunny Isles Beach, FL 33160

Beds
3
Baths
3
Living area
2,340 sq ft
$ / sq ft
$577/sq ft
Year built
1995
Lot size
—
HOA fee
$1,778 Monthly
Annual tax
$15,545

About this property

Mandatory Club fee of $5K per year, Restaurant fee of $1K. This stunning unit offers breathtaking, panoramic views and a huge wraparound balcony accessible from every room. Featuring two bedrooms, two bathrooms, and a spacious den, the residence boasts an expansive living area, a massive walk-in closet in the primary suite, a generous second bedroom, and a versatile den space. Additional conveniences include one storage unit and an assigned parking space. Live the ultimate resort-style lifestyle with exclusive access to the Oceania Club & Spa, located right on the beach. Amenities, including beachside service, two restaurants and bars, a state-of-the-art gym with classes, a full-service spa and salon, tennis courts, racquetball, and more.

Property location

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16400 Collins Avenue 641, Sunny Isles Beach, FL 33160

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
2,340 sq ft
Flooring
Marble
Appliances
Dryer, Dishwasher, Electric Range, Freezer, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Breakfast Area, Family Dining Room, Living Dining Room, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1995
Stories
30
Lot size
0 sq ft
Roof
Other
Construction
Block
Pool
None

Parking

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

HOA, Community & Financials

Association fee
$1,778 Monthly
Fee inclusions
Common Area Maintenance
Amenities
Bike Storage, Guard, Tennis Courts
Security
Fire Alarm, Gated With Guard, Smoke Detectors
Pets allowed
No
Annual tax
$15,545
Subdivision
OCEANIA IV CONDO
County
Miami-Dade
Days on market
181
MLS listing ID
B26018459
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

-$3,128

Cap rate
2.9%
Net yield
2.9%
Cash-on-cash return
-9.9%
Gross yield
7.0%
Mortgage payment
$6,400/mo
Down payment
$337,500
Loan amount
$1,012,500
Annual NOI
$39,259

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