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$39,000,000

Beds
6
Baths
9.5
sq ft
11,661

16901 Collins Ave Unit 5603, Sunny Isles Beach, FL 33160

16901 Collins Ave Unit 5603

Sunny Isles Beach, FL 33160

  • 284 days on market
Presenting the pinnacle of opulence and sophistication embodied by Jade Signature’s PH5603. This two-story Upper Penthouse offers breathtaking 360-degree views. With soaring 12ft ceilings, nearly 12,000 sqft of living space, and over 7,500 sqft of wrap-around balconies featuring an expansive private pool, this exquisitely designed property is being offered fully furnished. Boasting 6 bedrooms and 9.5 baths, including a 2-level primary suite complete with a gym, sauna, steam room, and jacuzzi overlooking the mesmerizing vistas of Miami's skyline, ocean, and intracoastal. Indulge in the experience of a true sky palace while relishing in all the splendors that South Florida has to offer.

Details

Property type

Condominium

Est. home value

$20,196,339

Lot size

Unknown

Price per sq ft

$3,345

Year built

2018

Annual property taxes

$335,277

Monthly HOA fee

$18,848

Price History

03/18/2024
SEF

SEF #A11551985

Listed
$39,000,000
+65.96%
03/11/2022
SEF

SEF #A11096308

Sold
$23,500,000

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

Five Star Bank

Loan start date

April 2023

Original loan amount

$14,300,000

Est. remaining balance

Not provided

Interest rate

6.65%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Upstate Miami Llc and Coastal Jade Holdings Llc

Lender

Five Star Bank

Loan start date

April 2023

Original loan amount

$14,300,000

Est. remaining balance

Not provided

Interest rate

6.65%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Upstate Miami Llc and Coastal Jade Holdings Llc

Lender

Vaster Loans Llc

Loan start date

March 2022

Original loan amount

$15,275,000

Est. remaining balance

Not provided

Interest rate

3.56%

Loan type

Commercial

Seller

Upstate Miami Llc and Coastal Jade Holdings Llc

Lender

Vaster Loans Llc

Loan start date

March 2022

Original loan amount

$15,275,000

Est. remaining balance

Not provided

Interest rate

3.56%

Loan type

Commercial

Seller

Upstate Miami Llc and Coastal Jade Holdings Llc

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: 12/26/2024 at 10:20 PM

Listing updated: 09/30/2024 at 5:50 PM

Listed by: Chad Carroll, Compass Florida, LLC Phone #: (305) 851-2820

MLS: SEF #A11551985

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