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Waterfront · Condominium
$500,000
16047 Collins Ave # 5S, Sunny Isles Beach FL 33160
Listed
0
Bedrooms
1
Bathrooms
— sqft
Interior
2007
Year built
None
HOA
Condominium
Type
About this home
Rare opportunity to own Beach Cabana 5 in the South Tower at Turnberry Ocean Colony. Available exclusively to Turnberry Ocean Colony unit owners. No additional monthly maintenance fees. Enjoy your own private beachside retreat in one of Sunny Isles Beach’s premier oceanfront communities.
Features
- First Floor Entry
- Closet Cabinetry
- Pantry
- Walk-In Closet(s)
- Wet Bar
- Maid/In-Law Quarters
- Studio Apartment
- Other
- Ocean View
- Direct Ocean
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Leasing
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 studio rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,000.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.