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Waterfront · Condominium
$1,350,000$925 / sqft
16485 Collins Ave, Sunny Isles Beach FL 33160
Listed
2
Bedrooms
2
Bathrooms
1,460 sqft
Interior
1991
Year built
$2,088 / mo
HOA
Condominium
Type
About this home
OS 35 (Ocean Suite)= Real PH 2935. Experience of luxury living in this rare, top-floor penthouse at Oceania III. Offering direct, unobstructed ocean views, this meticulously maintained 2-bedroom, 2-bathroom residence (Easily convertible into a 3-bedroom layout) 1,460 SF of refined living space and is completely pristine, never rented, used only for vacations, feels brand new, despite an extensive $500,000+ custom renovation completed 8 years ago, fully furniture. Designed for seamless entertaining, chef’s kitchen w/a large island, granite countertops, stainless steel appliances. High-end finishes include electric blinds, custom closets, hurricane-impact glass, full size storage unit. An Unmatched Resort-Style Lifestyle: World-class gated community offering over 600 feet of pristine beachfront with full beach service (chairs, umbrellas, and towels). Indulge in an extraordinary array of amenities, nearly renovated lobby, and elevators e pet-friendly policies. Heated oceanfront pool, hot tubs, and an on-site oceanfront restaurant and café. Full-service spa, sauna, steam rooms, beauty salon, and a state-of-the-art fitness center with daily classes,Tennis courts. Boater’s paradise: Marina access with boat slips and direct access to Haulover Inlet. A rare opportunity to own a turnkey masterpiece in a premier oceanfront location. Properties of this caliber move fast—schedule your private tour today! TOTAL Combined MONTHLY EQUIVALENT: $2,088.33
Features
- First Floor Entry
- Split Bedroom
- Walk-In Closet(s)
- Ocean View
- Direct Ocean
Leasing
- Minimum lease
- 180 days
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,500.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.