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.
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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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93