17875 Collins Ave Ph 4506
Sunny Isles Beach, FL 33160 · condos · For Sale · 141 days on market
Asking price$13,495,000
4 beds 7 baths 6,419 sqft
Suggested offer$9,052,614$4,442,386 above the est. market value of $9,052,614.
View on Realtor.com →Listed by Cristina Llanos · Redfin Corporation
Typecondos
Built2006
Price / sqft$2102
Est. value (own analysis)$9,052,614
Rent estimate (own analysis)$40,950/mo
HOA$12,500/mo
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Statusfor_sale
Listed date2026-04-14
Removed date—
MLSMiamiMLS #A11999392
Coordinates25.94088, -80.12042
Address17875 Collins Ave Ph 4506
CitySunny Isles Beach
StateFL
Zip33160
Listing ID5850286773
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33160)
Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $13,495,000 |
| Down payment (20.0%) | $2,699,000 |
| Loan amount | $10,796,000 |
| Closing costs (5.0%) | $674,750 |
| Total cash to close | $3,373,750 |
| Income | |
| Rent (comp-derived) | $40,950$491,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $37,674$452,088 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $21,367$256,405 |
| Insurance (placeholder 0.8% of price) | $8,997$107,960 |
| HOA dues | $12,500$150,000 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $2,048$24,570 |
| Total operating expenses | $44,911$538,935 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $2,048$24,570 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 4 | 7 | 4,609 | $45,000 | 2026-08-12 | — | |
| condos | 4 | 7 | 4,609 | $39,900 | 2026-04-14 | — | |
| condos | 4 | 7 | 4,609 | $42,000 | 2026-03-04 | — | |
| condos | 4 | 6 | 4,385 | $60,000 | 2025-12-06 | — | |
| condos | 4 | 5 | 4,339 | $17,000 | 2025-10-07 | — | |
| condos | 4 | 6 | 4,500 | $25,000 | 2026-06-20 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 17749 Collins Ave Apt 3501 | condos | 4 | 7 | 4,609 | $6,500,000 | 2026-08-31 |
| 17901 Collins Ave Unit 3003 | condos | 4 | 5 | 2,987 | $6,700,000 | 2026-08-25 |
| 400 Sunny Isles Blvd Apt 2019 | condos | 4 | 5 | 3,088 | $1,865,000 | 2026-07-21 |
| 18555 Collins Ave Apt 3005 | condos | 4 | 5 | 3,415 | $3,797,359 | 2026-06-26 |
| 17975 Collins Ave Unit N2401 | condos | 4 | 6 | 4,780 | $10,250,000 | 2026-06-25 |
| 17875 Collins Ave Unit 1201 | condos | 4 | 4 | 2,736 | $3,900,000 | 2026-06-17 |
| 16047 Collins Ave Apt 404 | condos | 4 | 7 | 3,735 | $3,940,000 | 2026-06-03 |
| 17001 Collins Ave Apt 4608 | condos | 4 | 6 | 2,871 | $3,965,000 | 2026-06-01 |
| 18501 Collins Ave Apt 1001 | condos | 4 | 6 | 3,625 | $6,535,000 | 2026-05-29 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 333 Atlantic Ave | single_family | 4 | 4 | 2,426 | $11,999,000 | — |
| 3949 194th Ln | single_family | 4 | 4 | 2,353 | $2,259,000 | — |
| 3341 NE 170th St | single_family | 4 | 3 | 3,556 | $3,500,000 | — |
| 18555 Collins Ave Apt 3301 | condos | 4 | 5 | 4,154 | $6,500,000 | — |
| 329 Poinciana Dr Unit 909 | condos | 4 | 3 | 2,425 | $1,190,000 | — |
| 17475 Collins Ave Ph 3201 | condos | 4 | 8 | 9,051 | $23,990,000 | — |
| 2349 NE 173rd St | single_family | 4 | 3 | 1,432 | $839,000 | — |
| 330 Sunny Isles Blvd Unit 5-2403 | condos | 4 | 5 | 3,296 | $3,300,000 | — |
10-year hold projection
IRR-8.7%
Equity multiple-0.47x
Total return (10yr)-$3,207,553
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $13,899,850 | -$86,847 | -$943,953 | $10,678,947 | $3,220,903 |
| 2 | $14,316,846 | -$86,758 | -$944,478 | $10,553,857 | $3,762,989 |
| 3 | $14,746,351 | -$86,598 | -$944,948 | $10,420,176 | $4,326,175 |
| 4 | $15,188,741 | -$86,365 | -$945,360 | $10,277,315 | $4,911,426 |
| 5 | $15,644,404 | -$86,054 | -$945,711 | $10,124,644 | $5,519,760 |
| 6 | $16,113,736 | -$85,662 | -$945,996 | $9,961,489 | $6,152,247 |
| 7 | $16,597,148 | -$85,183 | -$946,212 | $9,787,129 | $6,810,019 |
| 8 | $17,095,062 | -$84,613 | -$946,355 | $9,600,796 | $7,494,266 |
| 9 | $17,607,914 | -$83,948 | -$946,421 | $9,401,668 | $8,206,246 |
| 10 | $18,136,152 | -$83,184 | -$946,404 | $9,188,865 | $8,947,286 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.