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Waterfront · Condominium
$4,299,000$1,151 / sqft
16047 Collins Ave # 704, Sunny Isles Beach FL 33160
Listed
4
Bedrooms
7
Bathrooms
3,735 sqft
Interior
2007
Year built
$3,182 / mo
HOA
Condominium
Type
About this home
Exquisite SE corner residence at Turnberry Ocean Colony featuring 4 bedrooms + maid/office, 6.5 baths, and 3,735 SF. Enjoy unobstructed ocean and intracoastal views, elegant designer interiors, and a gourmet kitchen with Snaidero cabinetry and Subzero & Gaggenau appliances. Resort-style living includes two heated pools, private spa, beach and concierge services, fitness center, children’s club, salon, valet, and two fine restaurants with room service.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Custom Mirrors
- Pantry
- Walk-In Closet(s)
- Wet Bar
- Maid/In-Law Quarters
- Storage
- Utility Room/Laundry
- Open Balcony
- Bay
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 4-bed rentals across Miami-Dade, from 121 active listings; the middle half ask $14,000–$34,000.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.