facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

All

/

Sale

/

9001 Collins Avenue

Andre Duek & Carolina Lara Of Duek Lara Group Acquire $18.5M Condo At The Surf Club By Four Seasons In Surfside
SOLD

Andre Duek & Carolina Lara Of Duek Lara Group Acquire $18.5M Condo At The Surf Club By Four Seasons In Surfside

9001 Collins Avenue

$4,550,000

Building Size

Asset Type

Closing

Mar 3, 2020

AI

A luxury condominium at 9001 Collins Avenue in Surfside has been sold in a closed transaction. The property, located in The Surf Club by Four Seasons, was sold for a price of $18,500,000. The condo spans a total area of 4,439 square feet, resulting in a price per square foot of $4,167. The sale is notable for being the second most expensive resale in the Surf Club by Four Seasons and the second highest price per square foot ever achieved in the development. Additionally, it ranks as the third most expensive price per square foot in the Surfside and Bal Harbour area. This transaction also ranks among the 15 most expensive price per square foot condos ever sold in Miami Dade County.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $18,500,000
  • Address: 9001 Collins Avenue, Surfside
  • Market: Surfside

The sellers of the property were represented by Andre Duek and Carolina Lara of the Duek Lara Group at ONE Sotheby's International Realty. Their expertise in the luxury real estate market contributed to the successful sale of this high-end condominium. With their assistance, the property achieved a record-breaking price in terms of both resale value and price per square foot. The Surf Club by Four Seasons continues to be a sought-after destination for luxury living, as evidenced by this exceptional transaction.

Players

Julian Johnston

The Corcoran Group

Broker

$777.3M

vol

55 deals

Broker

Surfside CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93