2901 Collins Ave 1602, Miami Beach, FL 33140

Condominium · Active

$80,000,000

2901 Collins Ave 1602, Miami Beach, FL 33140 — MLS photo

Miami Luxury Homes & Waterfront Estates

2901 Collins Ave 1602, Miami Beach, FL 33140

Bedrooms
4
Bathrooms
6
Interior
5,011 sq ft
Price / sq ft
$15,965/sq ft
Built
2014
Lot
—

The residence

Also for rent at $150,000 a month. Enjoy breathtaking direct ocean and sunset views in this spectacular triplex penthouse with over 5,200 SF. Situated atop The Miami Beach Edition, this residence boasts 20ft floor to ceiling glass, a private rooftop with outdoor summer kitchen & a 36ft rooftop swimming pool. The main level terrace runs along the entire length of the first floor. Custom kitchen by Bulthaup w/ Gaggenau & Subzero. Formal dining room, cozy family room, and elegant junior master suite w/ envious views. The second floor has two guest suites and a primary suite with its own sitting area, fireplace, & private balcony. The Master includes a his & hers steam shower & freestanding soaking tub overlooking the ocean. Enjoy access to all the services & amenities at The Edition.

Property location

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2901 Collins Ave 1602, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
4
Bathrooms
6
Living area
5,011 sq ft

Exterior & Structure

Property type
Condominium
Year built
2014

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$0
County
Miami-Dade
MLS listing ID
A12059276
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$346,456

Cap rate
0.5%
Net yield
0.5%
Cash-on-cash return
-18.6%
Gross yield
3.4%
Mortgage payment
$379,241/mo
Down payment
$20,000,000
Loan amount
$60,000,000
Annual NOI
$393,416

Estimates only — includes 5 % maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.

Get More Info About This Property

2901 Collins Ave 1602, Miami Beach, FL 33140