SOLDCondo
Palm Bay 4205 LLC Purchases Penthouse From Moises El-Mann For $21.6 Million In Sunny Isles Beach
17901 Collins Avenue
$21,600,000
$2,822/SF
Building Size
7,652 SF
Asset Type
Condo
Closing
Jul 10, 2026
AI
A 7,652-square-foot penthouse located at 17901 Collins Avenue Unit TS4205 in Sunny Isles Beach, FL, was sold for $21.6 million. This condo is part of the Estates at Acqualina and features six bedrooms. The property was built in 2022 and holds significant market value given its sale history.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $21,600,000
- Buyer: Palm Bay 4205 LLC
- Seller: Moises El-Mann - Fibra Uno
- Buyer's Representative: Laura Carneiro - Laura Vale International Realty
- Seller's Representative: Yansy Checa - Douglas Elliman
- Square Footage: 7,652
- Price Per Square Foot: $2,823
The transaction involved a Mexican developer selling the property approximately one year after acquiring it for $17.88 million. The buyer is managed by a Coral Gables LLC and purchased the penthouse after it had appreciated significantly in value during the seller's holding period.
Players
Leonardtown 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93