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$5,400,000

Beds
3
Baths
4.5
sq ft
2,589

18501 Collins Ave Unit 2502, Sunny Isles Beach, FL 33160

18501 Collins Ave Unit 2502

Sunny Isles Beach, FL 33160

  • <1 day on market
Turnberry Ocean Club Residences is one of the best buildings in Sunny Isles Beach. Year built: 2020 Ultra luxury amenities include: * Sky Indoor & outdoor dining * Sky Outdoor pet retreat and dog walking area * Signature sunrise and sunset vanishing swimming pools suspended 333’ above sea level * Sky wine club and lounge with breathtaking waterfront views Also a movie theatre, Pilates room, kids club, restaurant by the pool, coffee room, business center, gym, spa, concierge service. Stunning 3 bed 4 bath plus den 3,100 sqft flow-through residence for sale. Italian custom cabinets & stone countertops, top of the line Gaggenau appliances. Walk in closets. Very spacious living area that flows nicely out to an oversized balcony.

Details

Property type

Condominium

Est. home value

$6,068,753

Lot size

Unknown

Price per sq ft

$2,086

Year built

2020

Annual property taxes

$70,994

Monthly HOA fee

$5,260

Price History

12/25/2024
SEF

SEF #A11714056

Listed
$5,400,000
-11.48%
03/10/2024
SEF

SEF #A11355466

Removed
$6,100,000
03/13/2023
SEF

SEF #A11355466

Listed
$6,100,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

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

Seller could get up to

$3,235,354
Asking price
$5,400,000
Closing costs (~8% of asking)
-$432,000
Est. remaining loan balance
-$1,732,646
Cash to seller
$3,235,354

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Milo Credit Llc

Loan start date

February 2021

Original loan amount

$1,900,000

Est. remaining balance

$1,732,646

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Accelerator Florida Inc

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 11:40 AM

Listing updated: 12/26/2024 at 1:05 AM

Listed by: Yana Saikouskaya, London Foster Realty Phone #: (305) 514-0100

MLS: SEF #A11714056

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