Juan Alvarez & Carolina Villabona Acquire Oceana Bal Harbour Condo For $8.5M
10201 Collins Avenue
$8,500,000
$1,142/SF
Building Size
7,442 SF
Asset Type
Condo
Closing
Feb 3, 2023
AI
Oceana Bal Harbour South 2403, located at 10201 Collins Avenue, Bal Harbour, is a luxurious condo unit that recently closed for $8,500,000. This stunning unit offers oceanfront views and spans 3,264 square feet of living area. It features 3 bedrooms, 4.5 bathrooms, and floor-to-ceiling glass doors. The unit is equipped with a Dada Kitchen and baths, as well as golden Calacatta and texture carrara marbles throughout. The master suite overlooks the ocean and the unit comes with top-of-the-line Gaggenau appliances. Oceana Bal Harbour South also provides access to various resort-style amenities, including a world-class spa, a private restaurant, 2 pools, 2 tennis courts, and a 24-hour concierge service. It truly offers a 5-star experience in oceanfront living.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $8,500,000
- Address: 10201 Collins Avenue, Bal Harbour
- Square Footage: 3,264
Carolina Villabona and Juan Alvarez from BlokHaus Real Estate + Investments represented the buyer in this transaction. They successfully assisted their client in acquiring this luxurious unit in Oceana Bal Harbour South. Their expertise and knowledge in the real estate market played a crucial role in securing this exceptional property. Their client can now enjoy the lavish lifestyle and world-class amenities offered by Oceana Bal Harbour South.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93