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Buildings/Miami/TURNBERRY OCEAN COLONY NO

Luxury

TURNBERRY OCEAN COLONY NO

16051 Collins Ave, Sunny Isles Beach 33160

2006

Year Built

130

Units

CI Score

Moderate

For Sale

$3.5M

Avg Price

$1,210

Sale $/SF

For Rent

$15,000

Avg Rent

$6.66

Rent $/SF

-3.1%

YoY

For Sale

For Rent

Investor-Owned

69%

Avg HOA

$7,057/mo

Building Details

Address

16051 Collins Ave, Sunny Isles Beach, 33160

Neighborhood

Miami

Year Built

2006

Total Units

130

Avg Unit Sqft

3,131 SF

Tier

Luxury

Avg $/SF

$1,209.84

Avg Rent

$15,000/mo

Rent $/SF

$6.66/SF

HOA Range

$7,057 – $7,057

Neighborhood Rank

Top 65%

Avg Unit Value

$2.8M

Total Sales (All-Time)

356

Investment Analysis

Yield Metrics

Rental Yield (annualized)14.9%

YoY Appreciation-3.1%

Total Yield73.3%

Median Rent$15,000/mo

Liquidity & Demand

Closed Sales (120d)0

Investor-Owned69%

For Sale2

For Rent6

Top 65%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$991

Rental Price Trend ($/SF)

$5.41

+4.0%

Building Activity

Closed Sales (120d)

transactions

Low volume

Sales & Listings

Active Listings

For Sale (2)

$2.5M

Unit 1202

2 bd3 ba2,235 sf

$4.5M

Unit 2503

3 bd6 ba3,480 sf

$1279/SF12 DOM

For Rent (6)

$12K

Unit 1202

2 bd3 ba2,235 sf

$5/SF14 DOM

$14K

Unit 2102

2 bd3 ba2,235 sf

$6/SF324 DOM

$18K

Unit 3202

2 bd3 ba2,235 sf

$8/SF

$21K

Unit 1104

4 bd7 ba3,735 sf

$6/SF9 DOM

$22K

4 bd5 ba3,750 sf

$25K

Unit 2001

3 bd5 ba2,775 sf

$9/SF96 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Jun 9, 2025	$3.7M	$990.63	3/5	3,735
Jun 3, 2025	$3.7M	$990.63	4/6	3,735
Feb 19, 2025	$3.5M	$1,279.28	3/4	2,775
Dec 30, 2024	$4.7M	$1,350.57	3/5	3,480
Dec 26, 2024	$4.4M

Units & Ownership

Total Units

130

Avg Sqft

3,131 SF

Avg Assessed

$2.4M

Owner-Occupied

31%

Tax & Ownership

Investor-Owned

69%

Owner-Occupied

31%

Avg Assessed Value

$2.4M

Avg Taxable Value

$2.4M

Effective Year Built

2006

Zoning

5000

Unit Mix

Studio1

Avg 295 SF

2 BR29

Avg 2,235 SF

3 BR62

Avg 3,105 SF

4 BR37

Avg 3,884 SF

6 BR1

Avg 5,715 SF

Unit Directory

Showing 10 of 130 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
304	4	6	3,359	$2.5M	✓	$2.8M	$832	May 2021
401	3	4	2,775	$952K	✓	$1.1M	$412	Sep 2008
402	2	2	2,235	$1.5M	—	$1.0M	$465	Jun 2006
403	3	5	3,480	$2.3M	—	$1.8M	$526	Apr 2010
404	4	6	3,735	$2.8M	—	$2.5M	$669	May 2018
501	3	4	2,775	$2.0M	—	$1.7M	$611	Mar 2021
502	2	2	2,235	$1.5M	—	$1.1M	$470	May 2010
503	3	5	3,480	$2.4M	—	$1.5M	$436	Jun 2006
504	4	6	3,735	$2.8M	✓	$3.3M	$884	Oct 2023
601	3	4	2,775	$2.0M	—	$2.3M	$818	Aug 2017