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Waterfront · Condominium
$18,000,000$2,671 / sqft
18501 Collins Ave # 04, Sunny Isles Beach FL 33160
Listed
5
Bedrooms
8
Bathrooms
6,740 sqft
Interior
2020
Year built
$11,963 / mo
HOA
Condominium
Type
About this home
Presenting The Sky Estate at Turnberry Ocean Club — one of only three developer-combined residences in this iconic Sunny Isles Beach tower, and the highest-floor combined residence in the building. Set within an all-glass tower engineered for 360-degree water views, this residence captures both the Atlantic Ocean and the Intracoastal — the water never leaves your sight. Spanning an entire half-floor, it offers a scale rarely available on the market. The residence delivers 6,740 SF of interior living space plus over 1,510 SF of terrace space, for over 8,250 SF total. Two expansive 80-foot wide terraces — one oceanfront, one facing the sunset, intracoastal, and skyline— flank the residence, while the combined floor plan creates exceptionally wide-format living spaces framed by floor-to-ceiling glass on both exposures. Interiors feature fully custom build-outs with designer wood paneling, dimensional ceiling lighting, and more. 5 bedrooms plus office/den, 7.5 baths. Never lived in. Never touched. Residents enjoy over 70,000 SF of amenities across six floors, including the 3-story private signature ‘Sky Club, a $100 million investment: oceanfront pools, spa & wellness, fitness center, theater, full-service concierge, multiple restaurants, and more. This is not simply a residence — it is a rare condo with two backyards in the sky, and one of the most significant offerings to reach the Sunny Isles Beach market.
Features
- Built-in Features
- Cooking Island
- Custom Mirrors
- Entrance Foyer
- Vaulted Ceiling(s)
- Volume Ceilings
- Walk-In Closet(s)
- Den/Library/Office
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 5-bed rentals across Miami-Dade, from 21 active listings; the middle half ask $24,000–$45,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.