Orkney Enterprises LLC Sells Condo In Surfside For $17 Million With Buyer’s Rep Gillian Fessler
9001 Collins Avenue
$17,000,000
$4,331/SF
Building Size
3,925 SF
Asset Type
Condo
Closing
Feb 18, 2026
AI
A 3,925-sf condo, Unit S-305, located at 9001 Collins Avenue, in the Surfside market, was sold for $17,000,000. The property features four bedrooms and 5.5 bathrooms, along with a balcony. The sale represents a significant increase from its previous price of $5.2 million in 2020, reflecting a strong demand in the oceanfront luxury condo market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $17,000,000
- Address: 9001 Collins Avenue Unit S-305
- Market: Surfside
- Square Footage: 3,925
- Price Per Square Foot: $4,331
- Seller: Russell J. Welsh - Orkney Enterprises LLC
- Buyer's Representative: Gillian Fessler - Societe Real Estate
- Seller's Representative: Ximena Penuela - Fort Realty
This transaction showcases key individuals in the real estate sector, with Gillian Fessler representing the buyer, 305 and Sand Trust, and Ximena Penuela acting on behalf of the seller, Orkney Enterprises LLC.
Players
Surfside 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93