Duek Lara Group Acquires 4,439 SF Condo At The Surf Club By Four Seasons For $18.5M
9001 Collins Avenue, Surfside, Florida 33154, United States
$18,500,000
$4,167/SF
Building Size
4,439 SF
Asset Type
Condo
Closing
Mar 3, 2022
AI
The Surf Club by Four Seasons in Surfside has seen its 2nd most expensive resale and the 2nd highest price per square foot ever, with the recent sale of a condo unit. The property, located at 9001 Collins Avenue, was sold for a whopping $18,500,000. This luxury condo spans across 4,439 square feet, translating to a price per square foot of $4,167.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $18,500,000
- Address: 9001 Collins Avenue, Surfside
- Market: Surfside
Representing the seller in this prestigious deal were Andre Duek and Carolina Lara of Duek Lara Group, affiliated with ONE Sotheby's International Realty. Their expertise and negotiation skills undoubtedly played a key role in achieving such a remarkable sales price for this property.
It's worth noting that this sale is not only the 2nd highest price ever achieved in the Surf Club by Four Seasons, it also ranks as the 3rd most expensive price per square foot in the Surfside and Bal Harbour area. Moreover, this sale places the condo unit among the 15 most expensive price per square foot condominiums ever sold in Miami Dade County. These impressive statistics attest to the desirability and exclusivity of this prestigious property.
Players
Surfside 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93