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16051 Collins Ave APT 1503, Sunny Isles Beach, FL, 33160

3beds
5baths
3,480sqft
$3,800,000
$1,092price/sqft
$25,318/moest. monthly cost
$1,012,720/yrincome needed

About This Home

Luxury oceanfront residence at Turnberry Ocean Colony, Unit 1503, featuring breathtaking direct ocean and Intracoastal views from every room. This home approximately 3,500-square-foot home offers 3 bedrooms, 4.5 baths, and a private elevator entry. Residents enjoy world-class, five-star amenities including two heated pools, a full-service spa, private beach service, state-of-the-art fitness center, children’s club, hair salon, and two on-site restaurants with room service, along with 24-hour concierge, valet parking, gated entry, and dog-walk areas.

Getting Around

57
WalkingSomewhat Walkable
46
TransitSome Transit
51
BikeBikeable

Construction

Condition

  • Year built: 2007

Materials

  • Construction materials: CBS Construction,Other

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Gas Range,Refrigerator,Self Cleaning Oven,Washer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Built-in Features,Closet Cabinetry,Kitchen Island,Custom Mirrors,Pantry,Walk-In Closet(s),Wet Bar,Storage
  • Door features: High Impact Doors
  • Window features: Blinds
  • Flooring: Ceramic Tile
  • Fireplace features: Decorative
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Other

Interior Area

  • Total structure area: 3,480
  • Total interior livable area: 3,480 sqft

Property

Details

  • Parcel number: 3122140310770
  • Attached to another structure: Yes

Features

  • Entry location: First Floor Entry
  • Pool features: Association
  • Patio & porch: Patio
  • Exterior features: Balcony
  • Spa features: Community
  • Has view: Yes
  • View description: Bay,Canal,Intracoastal View,Ocean,Skyline,Water
  • Has water view: Yes
  • Water view: Bay,Canal,Intracoastal View,Ocean,Water
  • On waterfront: Yes
  • Waterfront features: Ocean Access,Ocean Front

Parking

  • Total spaces: 2
  • Parking features: 2 Or More Spaces,Valet
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Heat Wave
Tsunami

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $19,214$230,568
Home Insurance *$218$2,616
Property Taxes $5,536$66,432
Electricity $350$4,202
Total$25,318$303,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$868,045/yr
40% on housing$759,540/yr
45% on housing$675,146/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,092This listing

vs Other Active Listings

Avg $/sqft

ZIP 33160$778
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33160$1,064
Miami-Dade County$404

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-29Price change$3,800,000
2026-04-07Pending sale$4,000,000
2026-04-07Listed for sale$4,000,000
2026-04-07Pending sale$4,000,000
2025-12-20Listed for sale$4,000,000
2021-08-13Sold$2,750,000
2021-07-11Contingent$2,750,000
2021-01-28Price change$2,750,000
2021-01-01Listing removed--
2020-11-23Listed for rent$12,400
2020-10-23Listing removed$12,400
2020-09-04Listed for rent$12,400
2020-07-14Listing removed$12,400
2020-06-12Listed for rent$12,400
2020-01-20Price change$2,400,000
2020-01-16Listed for sale$2,599,000
2020-01-16Listing removed$12,400
2019-11-02Listing removed$2,850,000
2019-10-02Listed for rent$12,400
2019-08-13Listed for sale$2,850,000
2019-08-13Listing removed$12,400
2019-07-07Price change$12,400
2019-06-25Listed for rent$14,000
2019-06-03Sold$2,100,000
2019-04-25Pending sale$2,449,000
2019-03-01Listed for sale$2,449,000

For Sale by Agent

AgentLana Bell
BrokerageDouglas Elliman

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