18501 Collins Ave Apt 2301
Sunny Isles Beach, FL 33160 · condos · For Sale · 327 days on market
Asking price$22,500,000
5 beds 8 baths 6,695 sqft
Suggested offer$1,999,261$20,500,739 above the est. market value of $1,999,261.
View on Realtor.com →Listed by Ethan Assouline · Douglas Elliman - 1111 Lincoln Road
Typecondos
Built2021
Price / sqft$3361
Est. value (own analysis)$1,999,261
Rent estimate (own analysis)$54,900/mo
HOA$11,265/mo
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Show every detail
Statusfor_sale
Listed date2025-10-10
Removed date—
MLSMiamiMLS #A11889676
Coordinates25.94765, -80.11996
Address18501 Collins Ave Apt 2301
CitySunny Isles Beach
StateFL
Zip33160
Listing ID9605228608
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 | $22,500,000 |
| Down payment (20.0%) | $4,500,000 |
| Loan amount | $18,000,000 |
| Closing costs (5.0%) | $1,125,000 |
| Total cash to close | $5,625,000 |
| Income | |
| Rent (comp-derived) | $54,900$658,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $50,508$606,096 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $35,625$427,500 |
| Insurance (placeholder 0.8% of price) | $15,000$180,000 |
| HOA dues | $11,265$135,180 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $2,745$32,940 |
| Total operating expenses | $64,635$775,620 |
| 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) | $2,745$32,940 |
| 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 | 5 | 8 | 4,247 | $75,000 | 2026-08-14 | — | |
| condos | 5 | 8 | 6,624 | $45,000 | 2025-10-20 | — | |
| condos | 5 | 6 | 3,176 | $29,800 | 2022-10-06 | — | |
| condos | 5 | 7 | 4,077 | $45,000 | 2026-08-12 | — | |
| condos | 5 | 8 | 3,803 | $54,900 | 2026-04-13 | — | |
| condos | 5 | 8 | 3,803 | $65,000 | 2026-04-02 | — | |
| apartment | 5 | 8 | 3,803 | $60,000 | 2026-07-24 | — | |
| condos | 5 | 6 | 2,682 | $33,000 | 2025-01-08 | — | |
| condos | 5 | 8 | 4,247 | $75,000 | — | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 100 Bayview Dr Apt 2124 | condos | 2 | 2 | 1,357 | $650 | 2026-09-02 |
| 18555 Collins Ave Apt 2805 | condos | 3 | 5 | 3,171 | $3,500,000 | 2026-09-01 |
| 2999 Point East Dr Apt C502 | condos | 1 | 1 | 816 | $180,000 | 2026-09-01 |
| 17749 Collins Ave Apt 3501 | condos | 4 | 7 | 4,609 | $6,500,000 | 2026-08-31 |
| 3551 NE 169th St Apt 301 | condos | 2 | 2 | 1,085 | $250,000 | 2026-08-31 |
| 3862 NE 171st St Unit C | condos | 2 | 3 | 1,200 | $382,000 | 2026-08-31 |
| 2000 Island Blvd Apt 1109 | condos | 3 | 3 | 2,630 | $825,000 | 2026-08-28 |
| 2841 NE 163rd St Apt 704 | condos | 1 | 2 | 790 | $197,000 | 2026-08-28 |
| 6750864223 | condos | 0 | 1 | 664 | $220,000 | 2026-08-28 |
| 18001 Collins Ave Unit 1010 | condos | 0 | 1 | 551 | $220,000 | 2026-08-28 |
| 18001 Collins Ave Unit 1403 | condos | 0 | 1 | 551 | $220,000 | 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 |
| 230 174th St Apt 902 | condos | 2 | 2 | 1,276 | $435,000 | 2026-08-26 |
| 16400 Collins Ave Apt 1242 | condos | 2 | 2 | 1,530 | $815,000 | 2026-08-25 |
| 17901 Collins Ave Unit 3003 | condos | 4 | 5 | 2,987 | $6,700,000 | 2026-08-25 |
| 250 174th St Apt 1510 | condos | 0 | 1 | 595 | $170,000 | 2026-08-25 |
| 300 Bayview Dr Apt 307 | condos | 2 | 2 | 1,350 | $410,000 | 2026-08-25 |
| 18011 Biscayne Blvd Unit 1704-1 | condos | 2 | 2 | 1,605 | $170,000 | 2026-08-25 |
| 17301 Biscayne Blvd Apt 1106 | condos | 3 | 4 | 2,158 | $985,000 | 2026-08-25 |
| 19370 Collins Ave Apt 319 | condos | 1 | 2 | 1,005 | $335,000 | 2026-08-24 |
| 2801 NE 183rd St Unit 405W | condos | 1 | 2 | 1,066 | $172,000 | 2026-08-24 |
| 18061 Biscayne Blvd Apt 1203 | condos | 1 | 2 | 1,005 | $180,000 | 2026-08-24 |
| 15811 Collins Ave Apt 2201 | condos | 3 | 4 | 2,928 | $2,525,000 | 2026-08-24 |
| 17301 Biscayne Blvd Apt 401 | condos | 2 | 3 | 1,999 | $800,000 | 2026-08-21 |
| 18001 Collins Ave Unit 2204 | condos | 0 | 1 | 457 | $200,000 | 2026-08-21 |
| 18001 Collins Ave Unit 2102 | condos | 0 | 1 | 664 | $205,000 | 2026-08-21 |
| 3944 NE 167th St Apt 106 | condos | 2 | 2 | 970 | $190,000 | 2026-08-21 |
| 2851 NE 183rd St Apt 1416E | condos | 2 | 2 | 1,693 | $320,000 | 2026-08-21 |
| 17001 Collins Ave Apt 2307 | condos | 2 | 3 | 1,479 | $1,750,000 | 2026-08-21 |
| 17890 W Dixie Hwy Apt 307 | condos | 3 | 2 | 1,652 | $290,000 | 2026-08-20 |
| 3750 NE 169th St Apt 102 | condos | 1 | 2 | 812 | $185,000 | 2026-08-20 |
| 5878676453 | condos | 1 | 1 | 1,005 | $295,000 | 2026-08-19 |
| 3600 NE 170th St Apt 102 | condos | 1 | 2 | 812 | $185,000 | 2026-08-19 |
| 2750 NE 183rd St Apt 2108 | condos | 2 | 2 | 1,268 | $260,000 | 2026-08-19 |
| 19380 Collins Ave Apt 712 | condos | 1 | 1 | 1,005 | $255,000 | 2026-08-18 |
| 2920 Point East Dr Apt N111 | condos | 1 | 1 | 768 | $160,000 | 2026-08-18 |
| 250 174th St Apt 2012 | condos | 1 | 2 | 1,087 | $240,000 | 2026-08-18 |
| 17051 NE 35th Ave Apt 202 | condos | 2 | 2 | 861 | $190,000 | 2026-08-17 |
| 3551 NE 169th St Apt 104 | condos | 1 | 1 | 812 | $150,000 | 2026-08-17 |
| 3550 NE 169th St Apt 407 | condos | 2 | 2 | 1,085 | $289,000 | 2026-08-17 |
| 300 Bayview Dr Apt 905 | condos | 2 | 2 | 1,350 | $340,000 | 2026-08-17 |
| 17700 N Bay Rd Apt 805 | condos | 2 | 2 | 1,300 | $640,000 | 2026-08-17 |
| 17375 Collins Ave Unit 1708 | condos | 3 | 3 | 1,860 | $780,000 | 2026-08-14 |
| 5752196881 | condos | 2 | 2 | 1,115 | $620,000 | 2026-08-14 |
| 3020 Marcos Dr Apt S109 | condos | 1 | 1 | 768 | $105,000 | 2026-08-13 |
| 16001 Collins Ave Apt 1504 | condos | 3 | 4 | 2,327 | $2,800,000 | 2026-08-13 |
| 400 Sunny Isles Blvd Apt 116 | condos | 2 | 3 | 1,403 | $820,000 | 2026-08-13 |
| 300 Bayview Dr Apt 1009 | condos | 1 | 2 | 762 | $215,000 | 2026-08-12 |
| 3750 NE 169th St Apt 408 | condos | 1 | 1 | 812 | $179,500 | 2026-08-10 |
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 |
|---|---|---|---|---|---|---|
| 18825 N Bay Rd | single_family | 5 | 5 | — | $3,500,000 | — |
| 268 S Parkway | single_family | 5 | 4 | 4,019 | $14,800,000 | — |
| 4027 194th Trl | single_family | 5 | 5 | 3,403 | $3,890,000 | — |
| 2950 NE 164th St | single_family | 5 | 6 | 5,796 | $7,450,000 | — |
| 3960 194th Trl | single_family | 5 | 5 | 3,291 | $2,950,000 | — |
| 16414 NE 33rd Ave | single_family | 5 | 6 | 2,053 | $3,699,000 | — |
| 16470 NE 30th Ave | single_family | 5 | 8 | 5,347 | $14,500,000 | — |
| 16430 NE 30th Ave | single_family | 5 | 5 | 5,027 | $6,175,000 | — |
10-year hold projection
IRR-8.9%
Equity multiple-0.51x
Total return (10yr)-$5,573,466
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $23,175,000 | -$169,524 | -$1,590,538 | $17,804,840 | $5,370,160 |
| 2 | $23,870,250 | -$170,732 | -$1,592,569 | $17,596,278 | $6,273,972 |
| 3 | $24,586,358 | -$171,879 | -$1,594,560 | $17,373,394 | $7,212,963 |
| 4 | $25,323,948 | -$172,960 | -$1,596,507 | $17,135,204 | $8,188,744 |
| 5 | $26,083,667 | -$173,973 | -$1,598,407 | $16,880,658 | $9,203,009 |
| 6 | $26,866,177 | -$174,911 | -$1,600,254 | $16,608,631 | $10,257,545 |
| 7 | $27,672,162 | -$175,771 | -$1,602,046 | $16,317,925 | $11,354,237 |
| 8 | $28,502,327 | -$176,547 | -$1,603,776 | $16,007,255 | $12,495,072 |
| 9 | $29,357,397 | -$177,233 | -$1,605,442 | $15,675,251 | $13,682,146 |
| 10 | $30,238,119 | -$177,825 | -$1,607,037 | $15,320,448 | $14,917,671 |
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.