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$6,196,000

Beds
3
Baths
3.5
sq ft
3,690

10101 Collins Ave Unit 1F, Bal Harbour, FL 33154

10101 Collins Ave Unit 1F

Bal Harbour, FL 33154

  • 149 days on market
    • Price drop $299,000↓
Incredible opportunity to own one of the best penthouses in Bal Harbour. Located in the exclusive Bal Harbour Palace, this SE corner unit has some of the most dramatic direct ocean views. Enter from your private elevator and foyer into this distinctive 3 bedroom, 3.5 bathroom with 3,690 sqft of impeccably finished with custom built-ins, crown moldings, designer kitchen and an enormous terrace that wraps around the entire unit. COMPLETELY RENOVATED. The Building features every amenity from valet parking, swimming pool, tennis courts, spa, beach service and restaurant. Also available to purchase separately is a one of a kind Cabana, about 300 SF with a full shower and bathroom which has an entrance off the pool as well as exit to a patio overlooking the Ocean and Boardwalk.

Details

Property type

Condominium

Est. home value

$4,333,442

Lot size

Unknown

Price per sq ft

$1,680

Year built

1994

Annual property taxes

$35,811

Monthly HOA fee

$5,000

Price History

01/13/2025
SEF

SEF #A11648478

Price change
$6,196,000
-4.6%
11/07/2024
SEF

SEF #A11648478

Price change
$6,495,000
+3.92%
09/30/2024
SEF

SEF #A11648478

Removed
$6,250,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Grove Bank & Trust

Loan start date

May 2023

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

6.6%

Loan type

Credit Line (Revolving), 25 year

Seller

Michael Seltzer and Linda Seltzer

Lender

Grove Bank & Trust

Loan start date

May 2023

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

6.6%

Loan type

Credit Line (Revolving), 25 year

Seller

Michael Seltzer and Linda Seltzer

Lender

Mellon Trust Of New England Na

Loan start date

June 2008

Original loan amount

$1,535,000

Est. remaining balance

Not provided

Interest rate

5.62%

Loan type

Not Provided, 30 year

Seller

Michael Seltzer and Linda Seltzer

Lender

Mellon Trust Of New England Na

Loan start date

June 2008

Original loan amount

$1,535,000

Est. remaining balance

Not provided

Interest rate

5.62%

Loan type

Not Provided, 30 year

Seller

Michael Seltzer and Linda Seltzer

Lender

Wa Mutual Bk

Loan start date

October 2002

Original loan amount

$1,290,000

Est. remaining balance

Not provided

Interest rate

6.15%

Loan type

New Conventional

Seller

Michael Seltzer and Linda Seltzer

Lender

Wa Mutual Bk

Loan start date

October 2002

Original loan amount

$1,290,000

Est. remaining balance

Not provided

Interest rate

6.15%

Loan type

New Conventional

Seller

Michael Seltzer and Linda Seltzer

Lender

Suntrust Bk

Loan start date

May 2002

Original loan amount

$1,075,600

Est. remaining balance

Not provided

Interest rate

7.18%

Loan type

Credit Line (Revolving)

Seller

Michael Seltzer and Linda Seltzer

Lender

Suntrust Bk

Loan start date

May 2002

Original loan amount

$1,075,600

Est. remaining balance

Not provided

Interest rate

7.18%

Loan type

Credit Line (Revolving)

Seller

Michael Seltzer and Linda Seltzer

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 10:10 PM

Listing updated: 01/21/2025 at 3:29 PM

Listed by: Michael Seltzer, Reaction Commercial, LLC Phone #: (312) 493-2020

MLS: SEF #A11648478

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