Fletcher Reede Acquires Condo At Faena House Miami Beach For $16 Million With Jackson Keddell As Buyer's Rep
3315 Collins Avenue
$16,000,000
$3,841/SF
Building Size
4,165 SF
Asset Type
Condo
Closing
May 14, 2026
About this deal
AI
This transaction involved a condo located at 3315 Collins Avenue, Miami Beach. The property was sold for $16,000,000 and consists of 4,165 square feet, resulting in a price per square foot of $3,841. This sale marks a record sale for the B line of units in the building.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $16,000,000
- Address: 3315 Collins Avenue, Miami Beach
- Square Footage: 4,165
- Price Per Square Foot: $3,841
- Buyer: Fletcher Reede
- Seller: Stanley Ipkiss
- Buyer's Representative: Jackson Keddell - The Miami Experts - Douglas Elliman
Jackson Keddell represented the buyer in this transaction and is affiliated with The Miami Experts under Douglas Elliman. This deal reflects the involvement of key professionals in the Miami real estate market, specifically in high-value transactions.
On the Map
$16,000,000
$3,841/SF
Condo
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Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3.8K per square foot on a published $16M for 4,165 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93