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Waterfront · Condominium
$4,125,000$1,185 / sqft
16051 Collins Ave # 2903, Sunny Isles Beach FL 33160
Listed
3
Bedrooms
5
Bathrooms
3,480 sqft
Interior
2006
Year built
$3,182 / mo
HOA
Condominium
Type
About this home
Experience elevated oceanfront living at Turnberry Ocean Colony. This spacious 3-bedroom, 4.5-bath residence offers 3,480 SF of refined living space, plus a private den and maid’s room. Featuring a private foyer and desirable east and west exposures, the residence is filled with natural light and beautiful views. Offered fully furnished and turnkey, with access to Turnberry Ocean Colony’s exceptional resort-style amenities, beach service, spa, fitness center, tennis, pools, concierge, valet, and 24-hour security. A rare opportunity in one of Sunny Isles Beach’s most prestigious oceanfront communities.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Entrance Foyer
- Den/Library/Office
- Utility Room/Laundry
- Open Balcony
- Bay
- Intracoastal View
- Direct Ocean
Leasing
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,250–$12,000.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.