William Papariella Of Bond Acquires Condo From The South Fifth Residence Trust For $19M
9001 Collins Avenue Unit S-307
$19,000,000
$4,812/SF
Building Size
3,948 SF
Asset Type
Condo
Closing
Aug 10, 2026
About this deal
AI
A 3,948-square-foot condo located at 9001 Collins Avenue Unit S-307 in Surfside, FL, has been sold for $19 million, reflecting a price per square foot of $4,813. This property is part of the Four Seasons Residences at the Surf Club. The sale price demonstrates a significant increase from its previous sale of $10.45 million in 2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $19,000,000
- Buyer: William Papariella - Bond
- Seller: The South Fifth Residence Trust
- Square Footage: 3,948
- Price per Square Foot: $4,813
The transaction involved a company managed by William Papariella, who serves as the chairman and CEO of Bond. The seller, The South Fifth Residence Trust, was the previous owner prior to the sale to Papariella's company. This deal was conducted off-market, indicating a private transaction between the parties involved.
Players
Leonardtown Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.8K per square foot on a published $19M for 3,948 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93