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Waterfront · Condominium
$15,900,000$2,359 / sqft
18501 Collins Ave # 2304, Sunny Isles Beach FL 33160
Listed
5
Bedrooms
7
Bathrooms
6,740 sqft
Interior
2020
Year built
None
HOA
Condominium
Type
About this home
A penthouse-scale work of art without the penthouse price! This truly exceptional residence features nearly 7,000 square feet of interior space paired with a 1,500-square-foot wrap-around terrace offering panoramic views of the ocean, Intracoastal, and city skyline. At nearly 80 feet wide, the footprint spans wider than many traditional homes, while soaring 11-foot vaulted ceilings create an immediate, grand sense of scale. Completely customized and meticulously curated, the home features state-of-the-art finishes where no detail has been overlooked. Designed for both high-end entertaining and effortless living, the expansive layout includes a grand great room tailored for large-scale hosting, formal dining area for elegant dinner parties, spacious primary suite featuring dual wardrobes and dual bathrooms, 4 generous guest bedrooms offering ultimate privacy, versatile family room / office ideal for remote work or relaxation, and a private home theater for immersive cinematic experiences. Beyond the residence, the building delivers an unparalleled five-star resort lifestyle. Residents enjoy exclusive access to a massive 70,000-square-foot Sky Club spanning three of the tower's upper floors, featuring two fine-dining restaurants, the DRIP cafe, a world-class spa and fitness center with treatment rooms, a full-service hair and nail salon, an in-house cinema, and dedicated pet amenities. | Oceanfront cabana may be purchased separately.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Custom Mirrors
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Den/Library/Office
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 5-bed rentals across Miami-Dade, from 27 active listings; the middle half ask $24,500–$49,900.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.