Compass And Pordes Residential Facilitate $7.5M Record Off-Market Sale Of Turnberry Ocean Club Condo In Sunny Isles Beach
18501 Collins Ave, Sunny Isles Beach, FL, USA
$7,500,000
$2,306/SF
Building Size
3,252 SF
Asset Type
—
Closing
Nov 23, 2021
About this deal
AI
Located at 18501 Collins Ave in Sunny Isles Beach, this condominium unit was recently sold in an off-market transaction. The property, part of the Turnberry Ocean Club development, offers a total interior space of 3,625 square feet. The sale price for this condo was $7,500,000, resulting in a price per square foot of $2,069. The transaction was handled by Megan Probst from Compass, representing the buyer, and Alina Kavall Seiden from Pordes Residential Sales & Marketing, representing the seller. The deal was completed on November 23, 2021.
Summary of transaction details
- Property Type: Condo
- Sale Price: $7,500,000
- Address: 18501 Collins Ave, Sunny Isles Beach
- Interior Square Footage: 3,625
- Price per Square Foot: $2,069
- Buyer's Representative: Megan Probst - Compass
- Seller's Representative: Alina Kavall Seiden - Pordes Residential Sales & Marketing
- Date of Sale: November 23, 2021
This record-breaking sale for Turnberry Ocean Club stands as a testament to the desirability of the property. It is worth noting that the unit was designed and furnished by Artefacto, adding to its appeal and value.
On the Map
$7,500,000
$2,306/SF
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93