Vertex Land Trust Acquires Condo At Four Seasons Residences From Tomas Maier And Andrew Preston For $17.75M
9111 Collins Avenue Unit N-919
$17,750,000
$5,914/SF
Building Size
3,001 SF
Asset Type
Condo
Closing
Jul 24, 2026
AI
Located at 9111 Collins Avenue Unit N-919 in Surfside, FL, this condo spans 3,001 square feet and was sold for $17,750,000, equating to $5,915 per square foot. The transaction occurred off-market and reflects the increasing demand for premium properties at the Surf Club.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $17,750,000
- Buyer: Vertex Land Trust
- Seller: Tomas Maier & Andrew Preston
- Square Footage: 3,001
- Price Per Square Foot: $5,915
- Market: Surfside, FL
Fashion designer Tomas “Tomas” R. Maier and his husband Andrew J. Preston previously purchased this luxury condo for $13 million in 2023. Vertex Land Trust acquired the property amid rising market demand for luxury real estate in the area.
Players
Surfside 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
0.89%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93