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Waterfront · Condominium
$850,000$3,696 / sqft
18501 Collins Avenue # 27, Sunny Isles Beach FL 33160
Listed
0
Bedrooms
1
Bathrooms
230 sqft
Interior
2020
Year built
$809 / mo
HOA
Condominium
Type
About this home
Step into a secluded retreat by owning a cabana an extension of your residence. Whether you are looking for a quiet place to work or an intimate space to commune with nature. Own one of the few poolside level cabanas available for purchase by current Turnberry Ocean Club Residents ONLY. Breathtaking views of the ocean and infinity pool. Cabana features custom floors, a full bathroom & Kitchenette, with Duravit and Dornbracht fixes, and features and private terraces. Top level (2nd) includes a private jacuzzi. *Outside furniture: 2 chairs are included for the top terrace.*
Features
- Second Floor Entry
- East Of Us1
- Open Balcony
- Ocean View
- Pool Area View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$5,107
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for studio rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.