Multiplan REAM Sells Oceanfront Condo At Ocean House Surfside For $17 Million With Sharon Beck & Mauricio Umansky
9317 Collins Avenue & 9317 Collins Avenue
$17,000,000
$2,033/SF
Building Size
4,180 SF
Asset Type
Condo
Closing
Mar 14, 2025
About this deal
AI
The condo at 9317 Collins Avenue Unit 401 in Surfside, Florida, has been sold for $17,000,000. This property measures 4,180 square feet, resulting in a price per square foot of $4,066. The sale marks the highest transaction to date in Ocean House Residences, which is currently in pre-construction sales.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $17,000,000
- Address: 9317 Collins Avenue Unit 401
- Market: Surfside
- Square Footage: 4,180
- Price per Square Foot: $4,066
- Seller: Multiplan REAM
- Broker: Sharon Beck & Mauricio Umansky - The Agency
The transaction was facilitated by broker Sharon Beck, who played a crucial role in negotiating the deal for her client after months of discussions. Alongside her extensive experience as a 30+ year resident of Miami Beach, she utilizes her broad network and knowledge of the industry to effectively negotiate transactions. Potential clients can reach out to Sharon to explore similar opportunities.
Players
Surfside Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2K per square foot on a published $17M for 8,360 square feet (2025).
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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