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Waterfront · Condominium
$22,500,000$3,361 / sqft
18501 Collins Ave # 2301, Sunny Isles Beach FL 33160
Listed
5
Bedrooms
8
Bathrooms
6,695 sqft
Interior
2021
Year built
$11,265 / mo
HOA
Condominium
Type
About this home
Discover the Sky Villa, a limited-edition corner flow-through duplex at Turnberry Ocean Club Residences, offering 11,035 SF of indoor/outdoor living. This turnkey residence features breathtaking Ocean & Bay views, 20’ ceilings in the living area, and 10-11’ ceilings throughout. The Snaidero chef’s kitchen boasts Taj Mahal Quartzite countertops, Gaggenau appliances, and Dornbracht fixtures. The primary suite includes custom Italian furnishings and a spa-like bath with Silver Travertine slabs and a Studio LOHO freestanding tub. The 4,340 SF oceanfront terrace offers a private pool, hydrotherapy spa, and summer kitchen. Additional features include an office and staff room. Turnberry’s luxury amenities include the exclusive Sky Club with sunrise/sunset pools, private dining, and wellness spa.
Features
- Other
- Open Balcony
- Intracoastal View
- Ocean View
- Direct Ocean
- Other View
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 1
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
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 20 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.