facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Condo

/

Sale

/

10201 Collins Ave #2803 Bal...

Douglas Elliman Sells Condo Unit At 10201 Collins Ave, Bal Harbour For Record Breaking $22M
SOLDCondo

Douglas Elliman Sells Condo Unit At 10201 Collins Ave, Bal Harbour For Record Breaking $22M

10201 Collins Ave #2803 Bal Harbour, FL 33154, USA

$22,000,000

$4,244/SF

Building Size

5,183 SF

Asset Type

Condo

Closing

May 22, 2023

AI

Located at 10201 Collins Ave, Unit 2803 in Bal Harbour, FL, this condo property was recently sold in a record-breaking transaction. The property spans 5,183 square feet and achieved a sale price of $22,000,000, resulting in a price per square foot of $4,245. The sale was facilitated by Ethan Assouline and Ruthie Assouline of Douglas Elliman, who represented the sellers, and Kim Rodstein of Keller Williams Realty, who represented the buyers.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $22,000,000
  • Square Footage: 5,183
  • Price Per Square Foot: $4,245
  • Seller's Representative: Ethan Assouline & Ruthie Assouline - Douglas Elliman
  • Buyer's Representative: Kim Rodstein - Keller Williams Realty

This notable transaction set a new record for condo sales in Bal Harbour, achieving the highest price per square foot ever recorded in the market. The property's stunning characteristics and desirable location contributed to its exceptional value.

Players

Ruthie Assouline

Douglas Elliman

Broker

$548.8M

vol

29 deals

Broker

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93