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Waterfront · Condominium
$3,995,000$1,148 / sqft
16047 Collins Ave # 603, Sunny Isles Beach FL 33160
Listed
3
Bedrooms
5
Bathrooms
3,480 sqft
Interior
2007
Year built
$3,182 / mo
HOA
Condominium
Type
About this home
Exquisite residence at Turnberry Ocean Colony featuring 3 bedrooms, a family room/den, 5 bathrooms, and 3,500 SF of luxurious living space. Enjoy breathtaking, unobstructed direct ocean and Intracoastal views from this beautifully designed home with elegant interiors, high-end finishes, and a gourmet kitchen featuring custom Snaidero cabinetry and top-of-the-line Sub-Zero and Gaggenau appliances. Experience resort-style living with world-class amenities, including two heated pools, a private spa, beach and concierge services, a state-of-the-art fitness center, children's club, salon, valet parking, and two fine restaurants with room service.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Custom Mirrors
- Entrance Foyer
- Maid/In-Law Quarters
- Storage
- Utility Room/Laundry
- Open Balcony
- Bay
- Canal
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.