Four Seasons Residences Condo In Surfside Sells For $22.75M
9111 Collins Avenue N-521 Surfside, Florida 33154, USA
$22,750,000
$5,698/SF
Building Size
3,992 SF
Asset Type
Condo
Closing
Jul 9, 2023
About this deal
AI
A luxury condo at the Four Seasons Residences in Surfside has been sold for $22.75 million, doubling its previous sale price. Located at 9111 Collins Avenue N-521, this exquisite unit is part of the Surf Club complex and offers three bedrooms, 5.5 bathrooms, and access to upscale amenities. With a spacious area of 3,992 square feet, the property boasts a price per square foot of $5,699.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $22,750,000
- Address: 9111 Collins Avenue N-521
- Market: Surfside
- Seller: Nikki Investment Corp - Douglas Elliman - Francesca Halpryn
The sale was facilitated by Francesca Halpryn of Douglas Elliman on behalf of the seller, Nikki Investment Corp. This successful transaction not only reflects the growing demand for luxury properties in Surfside but also highlights the expertise of the Nikki Investment Corp team in securing a favorable outcome. Buyers will no doubt appreciate the stunning views, luxurious living spaces, and exclusive amenities provided by the Surf Club complex.
Miami Condo Market Snapshot
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Deal FAQ
About $5.7K per square foot on a published $22.8M for 3,992 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93