Off-Market Condo: Sands Point05 at 16711 Collins Ave, North Miami Beach, FL 33160

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $5,789 per month, based on comparable local listings. Estimated long-term cap rate of -2.5%. Experience breathtaking ocean views! Your coastal paradise awaits in this luxury 2-bed, 2-bath condo at the elegant Sands Pointe in beautiful Sunny Isles, featuring panoramic vistas of sea & sky from every room. This rarely-available property offers both move-in ready appeal and potential for customization to your personal taste. Step onto the oversized balcony?perfect for outdoor entertaining?and watch spectacular sunrises and sunsets. Set on Miami's most coveted beachfront, Sands Pointe delivers premium amenities: tennis court, expansive pool deck with multiple lounging areas, sauna, valet parking, 24-hour concierge & security, and private beach service. Two garage parking spaces and a storage unit are included. Rentals and pets are permitted. Tenant-occupied until May 15, 2025.

Property Information
Monthly Rent
$5,789
Monthly HOA
$1418
Rental Policy
STR Restrictions
Yearly Taxes
$13280
Bedrooms
2
Bathrooms
2
SQFT
1,530
Furnished
N/A
Year built
1996
Listing Status
Off Market
MLS
A11769913

Long-term Rental Potential
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$69,468

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$5,789/mo

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