Walter & Melanie Strankman Acquire Sunny Isles Beach Condo For $5.75M
18555 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$5,750,000
$1,274/SF
Building Size
4,513 SF
Asset Type
—
Closing
Dec 1, 2021
AI
A car lover's dream home in the sky located at 18555 Collins Ave Apt 1601 in Sunny Isles Beach has been sold for $5,750,000. The luxurious condo spans 3,415 square feet with a price per square foot of $1,684. This one-of-a-kind apartment features 3 bedrooms, 4.5 baths, and a total of 4,749 square feet, including a 2 car garage and a massive balcony. The unit was fully furnished and finished by renowned designer Hernan Arriaga, making it truly unique. The building is situated in one of the most exclusive areas of Miami and offers full-service amenities, including oceanfront luxury and stunning beaches.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,750,000
- Market: Sunny Isles Beach
- Address: 18555 Collins Ave Apt 1601
- Square Footage: 3,415
- Price per Square Foot: $1,684
- Buyer: Walter & Melanie Strankman
- Seller: Gil Dezer
- Buyer's Representative: Scott Shuffield - Berkshire Hathaway HomeServices EWM Realty
- Seller's Representative: Melissa Barragan - Dezer Platinum Realty
The transaction for this extraordinary condo was facilitated by buyer's representative Scott Shuffield from Berkshire Hathaway HomeServices EWM Realty and seller's representative Melissa Barragan from Dezer Platinum Realty. They played a vital role in successfully closing the deal between Walter & Melanie Strankman and Gil Dezer. The property offers unique amenities for car enthusiasts, including an automatic car elevator and 2 car displays in the living room. Additionally, the balcony features a jacuzzi, adding an element of luxury to the unit. The developer model unit was meticulously designed and furnished by renowned designer Hernan Arriaga, further enhancing its appeal.
Players
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93