18201 Collins Ave Apt 1209
Sunny Isles Beach, FL 33160 · condos · For Sale · 159 days on market
Asking price$3,999,999
3 beds 4 baths 4,045 sqft
Suggested offer$3,239,600$760,399 above the est. market value of $3,239,600.
View on Realtor.com →Listed by Lucas Lencina · Avenew Realty Corp
Typecondos
Built2008
Price / sqft$989
Est. value (own analysis)$3,239,600
Rent estimate (own analysis)$25,000/mo
HOA$4,854/mo
1 / 65
Show every detail
Statusfor_sale
Listed date2026-03-27
Removed date—
MLSMiamiMLS #A11990613
Coordinates25.94492, -80.12001
Address18201 Collins Ave Apt 1209
CitySunny Isles Beach
StateFL
Zip33160
Listing ID6706570149
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 | $3,999,999 |
| Down payment (20.0%) | $800,000 |
| Loan amount | $3,199,999 |
| Closing costs (5.0%) | $200,000 |
| Total cash to close | $1,000,000 |
| Income | |
| Rent (comp-derived) | $25,000$300,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $23,000$276,000 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,333$76,000 |
| Insurance (placeholder 0.8% of price) | $2,667$32,000 |
| HOA dues | $4,854$58,248 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,250$15,000 |
| Total operating expenses | $15,104$181,248 |
| 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) | $1,250$15,000 |
| 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 | 3 | 7 | 4,609 | $36,500 | 2026-08-17 | — | |
| condos | 3 | 4 | 2,770 | $11,000 | 2026-08-06 | — | |
| condos | 3 | 3 | 3,264 | $10,500 | 2026-07-23 | — | |
| condos | 3 | 5 | 2,665 | $15,000 | 2026-05-11 | — | |
| condos | 3 | 5 | 3,555 | $25,000 | 2024-10-29 | — | |
| condos | 3 | 4 | 3,063 | $14,921 | 2026-08-08 | — | |
| condos | 3 | 4 | 3,264 | $10,500 | 2026-03-05 | — | |
| condos | 3 | 4 | 3,130 | $29,900 | 2025-06-02 | — | |
| condos | 3 | 5 | 2,670 | $19,900 | 2026-04-28 | — | |
| condos | 3 | 7 | 4,609 | $42,000 | 2026-07-31 | — | |
| condos | 3 | 5 | 3,130 | $26,000 | 2026-06-08 | — | |
| condos | 3 | 5 | 3,171 | $25,000 | 2025-10-29 | — | |
| condos | 3 | 5 | 3,018 | $17,900 | 2018-02-02 | — | |
| condos | 3 | 5 | 3,171 | $27,700 | 2024-09-21 | — | |
| condos | 3 | 5 | 2,688 | $33,000 | 2026-04-03 | — | |
| condos | 3 | 7 | 4,609 | $45,000 | 2026-08-12 | — | |
| condos | 3 | 5 | 2,688 | $40,000 | 2026-03-11 | — | |
| condos | 3 | 5 | 3,555 | $27,900 | 2026-07-17 | — | |
| condos | 3 | 4 | 3,195 | $25,000 | 2025-07-11 | — | |
| condos | 3 | 4 | 2,726 | $15,000 | 2026-06-11 | — | |
| condos | 3 | 5 | 3,080 | $32,000 | 2026-07-07 | — | |
| condos | 3 | 3 | 2,736 | $25,000 | 2026-07-28 | — | |
| condos | 3 | 4 | 3,016 | $12,500 | 2026-06-19 | — | |
| condos | 3 | 5 | 3,049 | $24,000 | 2026-04-13 | — | |
| condos | 3 | 4 | 2,736 | $25,000 | 2026-05-01 | — | |
| condos | 3 | 4 | 2,928 | $16,500 | 2026-01-15 | — | |
| condos | 3 | 4 | 2,768 | $13,100 | 2026-02-19 | — | |
| condos | 3 | 5 | 2,775 | $24,500 | 2026-01-09 | — | |
| condos | 3 | 4 | 4,002 | $29,500 | 2026-04-09 | — | |
| condos | 3 | 4 | 2,736 | $25,000 | 2026-04-23 | — | |
| condos | 3 | 4 | 2,768 | $24,000 | 2023-02-06 | — | |
| condos | 3 | 6 | 4,071 | $20,000 | 2026-05-07 | — | |
| condos | 3 | 4 | 2,768 | $13,100 | — | — | |
| condos | 3 | 7 | 4,609 | $45,000 | — | — | |
| condos | 3 | 4 | 3,195 | $25,000 | — | — | |
| condos | 3 | 4 | 3,130 | $29,900 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 18555 Collins Ave Apt 2805 | condos | 3 | 5 | 3,171 | $3,500,000 | 2026-09-01 |
| 2000 Island Blvd Apt 1109 | condos | 3 | 3 | 2,630 | $825,000 | 2026-08-28 |
| 300 Sunny Isles Blvd Unit 4-807 | condos | 3 | 4 | 1,892 | $1,240,000 | 2026-08-28 |
| 330 Sunny Isles Blvd Unit 5-1708 | condos | 3 | 4 | 1,892 | $1,500,000 | 2026-08-26 |
| 17301 Biscayne Blvd Apt 1106 | condos | 3 | 4 | 2,158 | $985,000 | 2026-08-25 |
| 15811 Collins Ave Apt 2201 | condos | 3 | 4 | 2,928 | $2,525,000 | 2026-08-24 |
| 17890 W Dixie Hwy Apt 307 | condos | 3 | 2 | 1,652 | $290,000 | 2026-08-20 |
| 17375 Collins Ave Unit 1708 | condos | 3 | 3 | 1,860 | $780,000 | 2026-08-14 |
| 16001 Collins Ave Apt 1504 | condos | 3 | 4 | 2,327 | $2,800,000 | 2026-08-13 |
| 150 Sunny Isles Blvd Unit 1-1505 | condos | 3 | 2 | 1,489 | $730,000 | 2026-08-04 |
| 6000 Island Blvd Apt 1002 | condos | 3 | 4 | 2,840 | $2,625,000 | 2026-07-31 |
| 15901 Collins Ave Apt 4106 | condos | 3 | 4 | 2,327 | $2,300,000 | 2026-07-28 |
| 15811 Collins Ave Apt 1601 | condos | 3 | 4 | 2,928 | $2,500,000 | 2026-07-27 |
| 2000 Island Blvd Apt 602 | condos | 3 | 3 | 1,890 | $505,000 | 2026-07-24 |
| 15811 Collins Ave Apt 1803 | condos | 3 | 3 | 1,935 | $1,535,000 | 2026-07-21 |
| 200 Sunny Isles Blvd Unit 2-701 | condos | 3 | 2 | 1,447 | $600,000 | 2026-07-21 |
| 19333 Collins Ave Apt 2304 | condos | 3 | 3 | 2,420 | $1,519,000 | 2026-07-21 |
| 18151 NE 31st Ct Apt 602 | condos | 3 | 3 | 1,610 | $400,000 | 2026-07-16 |
| 7000 Island Blvd Apt 1109 | condos | 3 | 3 | 2,730 | $1,325,000 | 2026-07-15 |
| 17555 Collins Ave Apt 2703 | condos | 3 | 3 | 1,840 | $1,960,000 | 2026-07-08 |
| 16001 Collins Ave Apt 1502 | condos | 3 | 4 | 1,979 | $1,600,000 | 2026-07-07 |
| 330 Sunny Isles Blvd Unit 5-1408 | condos | 3 | 4 | 1,892 | $1,650,000 | 2026-07-06 |
| 250 Sunny Isles Blvd Unit 3-802 | condos | 3 | 2 | 1,461 | $750,000 | 2026-07-06 |
| 17150 N Bay Rd Apt 2914 | condos | 3 | 2 | 1,353 | $580,000 | 2026-07-01 |
| 16001 Collins Ave Apt 4001 | condos | 3 | 4 | 2,768 | $2,700,000 | 2026-07-01 |
| 18555 Collins Ave Apt 1705 | condos | 3 | 5 | 4,154 | $4,700,000 | 2026-07-01 |
| 330 Sunny Isles Blvd Unit 5-1902 | condos | 3 | 4 | 1,892 | $1,825,000 | 2026-06-30 |
| 16901 Collins Ave Apt 2203 | condos | 3 | 5 | 2,496 | $4,250,000 | 2026-06-30 |
| 6995898462 | condos | 3 | 7 | 4,609 | $7,200,000 | 2026-06-26 |
| 18201 Collins Ave Apt 4404 | condos | 3 | 4 | 2,174 | $2,089,000 | 2026-06-25 |
| 16001 Collins Ave Apt 2902 | condos | 3 | 4 | 1,979 | $1,700,000 | 2026-06-25 |
| 3301 NE 183rd St Ph 9 | condos | 3 | 4 | 3,073 | $1,565,000 | 2026-06-23 |
| 18555 Collins Ave Apt 1101 | condos | 3 | 5 | 3,150 | $3,200,000 | 2026-06-18 |
| 4000 Island Blvd Apt 1704 | condos | 3 | 4 | 3,365 | $1,100,000 | 2026-06-15 |
| 17875 Collins Ave Unit 3605 | condos | 3 | 3 | 2,214 | $3,150,000 | 2026-06-12 |
| 300 Sunny Isles Blvd Unit 4-1407 | condos | 3 | 4 | 1,892 | $1,200,000 | 2026-06-10 |
| 17555 Collins Ave Apt 607 | condos | 3 | 3 | 1,840 | $1,650,000 | 2026-06-08 |
| 1000 W Island Blvd Apt 3002 | condos | 3 | 3 | 2,055 | $625,000 | 2026-06-04 |
| 6000 Island Blvd Apt 1007 | condos | 3 | 4 | 2,840 | $2,475,000 | 2026-06-02 |
| 1000 W Island Blvd Apt 2909 | condos | 3 | 3 | 1,880 | $550,000 | 2026-06-01 |
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 |
|---|---|---|---|---|---|---|
| condos | 3 | 3 | 1,860 | $700,000 | — | |
| 17375 Collins Ave Unit 808 | condos | 3 | 3 | 1,860 | $825,000 | — |
| 17125 N Bay Rd Apt 3105 | condos | 3 | 2 | 1,264 | $475,000 | — |
| 3301 NE 183rd St Unit 1607 | condos | 3 | 4 | 3,069 | $1,690,000 | — |
| 18061 Biscayne Blvd Apt 502 | condos | 3 | 2 | 1,251 | $250,000 | — |
| 3700 Island Blvd Unit C402 | condos | 3 | 2 | 1,640 | $799,000 | — |
| 200 Sunny Isles Blvd Unit 2-1202 | condos | 3 | 2 | 1,615 | $799,900 | — |
| 3601 NE 170th St Apt 605 | condos | 3 | 2 | 1,300 | $320,000 | — |
10-year hold projection
IRR-1.1%
Equity multiple0.83x
Total return (10yr)$349,733
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,119,999 | $94,752 | -$167,017 | $3,165,304 | $954,695 |
| 2 | $4,243,599 | $98,501 | -$163,643 | $3,128,226 | $1,115,373 |
| 3 | $4,370,907 | $102,385 | -$160,143 | $3,088,603 | $1,282,304 |
| 4 | $4,502,034 | $106,408 | -$156,514 | $3,046,258 | $1,455,776 |
| 5 | $4,637,095 | $110,577 | -$152,749 | $3,001,005 | $1,636,090 |
| 6 | $4,776,208 | $114,894 | -$148,846 | $2,952,645 | $1,823,563 |
| 7 | $4,919,494 | $119,366 | -$144,798 | $2,900,963 | $2,018,531 |
| 8 | $5,067,079 | $123,998 | -$140,601 | $2,845,733 | $2,221,346 |
| 9 | $5,219,091 | $128,795 | -$136,249 | $2,786,710 | $2,432,381 |
| 10 | $5,375,664 | $133,764 | -$131,738 | $2,723,634 | $2,652,030 |
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.