Fortune International Group & Chateu Group Sell St. Regis Residences Condo For $25M In Sunny Isles Beach
18805 Collins Avenue
Building Size
8,860 SF
Asset Type
Condo
Closing
Apr 15, 2026
AI
This condo asset, located at 18805 Collins Avenue Unit 801-802 in Sunny Isles Beach, is under contract with a sale price of $25,000,000. The property encompasses a total square footage of 8,860 and has a price per square foot of $2,821.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $25,000,000
- Square Footage: 8,860
- Price Per Square Foot: $2,821
- Seller: Fortune International Group & Chateau Group
- Brokers: Luciene Cofresi, Maria Mariana, Raquel Mariana & Jessie Gesen - Fortune International Realty
The deal involves esteemed individuals and firms, including brokers Luciene Cofresi, Maria Mariana, Raquel Mariana, and Jessie Gesen from Fortune International Realty, representing the sellers in this significant transaction.
Players
Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Undercontract transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93