NOT LISTED FOR SALE

Ritz-Carlton Residences at Sunny Isles Beach 15701 Collins Ave Unit 2205 North Miami Beach, FL 33160

Estimated Value: $6,355,000 - $7,454,000

4 Beds
5.5 Baths
3,204 Sq Ft
$5,457/mo HOA Fee

Last Sold September 12, 2024

Last sale price $7,100,000 $2,216 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $48,167/month

83 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Private Beach Pavilion
  • Norman S. Edelcup/Sunny Isles Beach K-8 Rated A-
  • Bar or Lounge
  • Fitness Center

About This Home

As of September 2024

Welcome to your own slice of paradise at The Ritz Carlton Sunny Isles, Unit 2205 - The most coveted line in the building. This stunning high rise residence is a true beauty, offering a perfect blend of luxury and comfort...

This 4 bedroom, 4 balcony, 5.5 bathroom residence features newly upgraded open living spaces, marble floors throughout, 270 direct ocean views, and 10 ft. floor-to-ceiling windows that showcase the Atlantic Ocean and iconic Miami skyline...

Enjoy 5-star luxury beachfront living courtesy of the Ritz Carlton Brand providing top of the line services. The Ritz Carlton Sunny Isles also offers a restaurant & room service, 2 pools, spa, fitness center, 24-hour concierge, and an exclusive club-level lounge, bar, and terrace that epitomize luxury living.

Last Agent to Sell the Property

Catherine Kalifeh

Compass Florida, LLC License #3566306 Listed on: 05/29/2024

Compass Florida, LLC

Co-Listed By

Frank Lustig

Compass Florida, LLC License #3472631

Last Buyer's Agent

Kelly Charles

The Agency Florida LLC License #3224295

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $82,459

Year Built

  • Built in 2020

Lot Details

  • Ocean Front
  • Property fronts an intracoastal waterway

HOA Fees

  • $5,457 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

  • Entry on the 22nd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,204 Sq Ft Home
  • Built-In Features
  • Den
  • Marble Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Closet Cabinetry
  • Bathtub
  • Shower Only

Laundry

  • Laundry in Utility Room
  • Dryer

Home Security

Additional Features

  • Accessible Elevator Installed
  • Zoned Heating and Cooling

Listing and Financial Details

  • Assessor Parcel Number 31-22-14-047-1820

Community Details

Overview

  • 212 Units
  • High-Rise Condominium
  • Ritz Carlton Sunny Isles Condos
  • 15701 Collins Condo Subdivision
  • 52-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Business Center
  • Community Library
  • Bar or Lounge
  • Secure Lobby
  • Elevator

Recreation

  • Private Beach Pavilion
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Secure Elevator
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$82,459

Year Built

Built in 2020

Lot Details

0

HOA Fees

$5,457 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2020
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: COMP01
  • Co List Office Phone: 305-851-2820
  • Entry Level: 22
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 15701 COLLINS CONDO
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator
  • Interior Amenities: Built-in Features, Closet Cabinetry, Cooking Island, Elevator, Den/Library/Office, Utility Room/Laundry
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 3204
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 52
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub
  • Living Room Features: Den/Library/Office, Utility Room/Laundry

Exterior Features

  • View: Intracoastal View, Direct Ocean, Skyline
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Intracoastal Front, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Ritz Carlton Sunny Isles
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Valet

Utilities

  • Cooling: Zoned
  • Cooling Y N: Yes
  • Heating: Zoned
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Smoke Detector, Doorman, Elevator Secure, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 5457
  • Amenities: Bar, Business Center, Elevator(s), Exercise Room, Library, Pool, Private Beach Pavilion, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo, Homeowners

Lot Info

  • Parcel Number: 31-22-14-047-1820
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Number Of Units In Community: 212
  • Number Of Units Total: 212

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 82459

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2024
Closed on
Sep 12, 2024
Sold by
Patel Sheenal and Bonthala Vamsikrishna
Bought by
Ritzmiami Llc
Seller's Agent
Catherine Kalifeh
Compass Florida, LLC
Buyer's Agent
Kelly Charles
The Agency Florida LLC
List Price
$7,500,000
Sold Price
$7,100,000
Premium/Discount to List
-$400,000
-5.33%
Views
17
Current Estimated Value
$6,699,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$400,759
Avg. Annual Appreciation
-5.14%

Purchase Details

Closed on
Jul 15, 2021
Sold by
Sunny Isles Property Venture Llc
Bought by
Patel Sheenal and Bonthala Vamsikrishna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,825,000
Interest Rate
2.96%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ritzmiami Llc $7,100,000 None Listed On Document
Patel Sheenal $5,100,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Sheenal $3,825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2024 09/12/24 Sold $7,100,000 -5.3% $2,216 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $7,500,000 0.0% $2,341 / Sq Ft
04/17/2023 04/17/23 Rented $28,000 -6.7% --
03/23/2023 03/23/23 Under Contract -- -- --
03/20/2023 03/20/23 For Rent $30,000 -14.3% --
09/27/2021 09/27/21 Rented -- -- --
09/03/2021 09/03/21 Under Contract -- -- --
07/21/2021 07/21/21 For Rent $35,000 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $85,885 $5,610,000 -- --
2024 $82,459 $4,771,357 -- --
2023 $82,459 $4,337,598 $0 $0
2022 $69,655 $4,065,228 $0 $0
2021 $66,916 $3,764,100 $0 $0
2020 $7,967 $444,374 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Catherine Kalifeh

    Compass Florida, LLC

    (504) 289-8844

    1 in this area

    4 Total Sales

    Catherine Kalifeh
    Section Image
  • Frank Lustig

    Seller Co-Listing Agent in 2024

    Frank Lustig

    Compass Florida, LLC

    (754) 301-1547

    3 in this area

    18 Total Sales

    Frank Lustig
    Section Image
  • Kelly Charles

    Buyer's Agent in 2024

    Kelly Charles

    The Agency Florida LLC

    (954) 210-7040

    5 in this area

    28 Total Sales

    Kelly Charles
    Section Image
  • Dennis Mangone

    Seller's Agent in 2023

    Dennis Mangone

    Compass Florida, LLC

    (305) 695-6300

    2 in this area

    10 Total Sales

    Dennis Mangone
    Section Image

  • A

    Buyer's Agent in 2023

    Aidil Segundo

    Casabella Miami Realty

    11 Total Sales

    Aidil Segundo
    Section Image

  • F

    Buyer's Agent in 2021

    Fabiano Tocantins, PA

    Miami Realty Solution Group

    (954) 856-6448

    5 Total Sales

    Fabiano Tocantins, PA
    Section Image
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About Ritz-Carlton Residences at Sunny Isles Beach

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11596165

MIAMI REALTORS® MLS

APN: 31-2214-047-1820

Florida Miami/Dade County North Miami Beach 33160

15701 Collins Ave Unit 2205, North Miami Beach, FL

This home is located at 15701 Collins Ave Unit 2205, North Miami Beach, FL 33160 since 29 May 2024 and is currently estimated at $6,699,241, approximately $2,090 per square foot. This property was built in 2020. 15701 Collins Ave Unit 2205 is a home located in Miami-Dade County with nearby schools including Norman S. Edelcup/Sunny Isles Beach K-8, Highland Oaks Middle School, and Alonzo & Tracy Mourning Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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