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Condo Listing
Fontainebleau III Ocean Club (Sorrento) · #Unit 623
$1,575,000
4391 Collins Avenue Unit 623 #Unit 623, Miami Beach, FL, 33140 · Mid-Beach
4391 Collins Avenue Unit 623 #Unit 623, Miami Beach, FL, 33140 · Mid-Beach
Take a closer look
Listed HOA: $1,716 · Last reported tax: $16,080/yr
$11,890/mo
$315,000 down
Principal & interest is exact for these inputs. Tax and HOA come from the listing; rate, insurance are editable estimates. Not a loan offer.
NO RESTRICTIONS - Income producing, Turn-key ocean-view condo in the Sorrento Tower at the Fontainebleau Hotel. Features a spacious 1 bedroom condo , 2 full bath, sofa-bed, living area, full kitchen , in unit washer and dryer & a large private balcony, with full access to 5-star amenities including pools, spa, gym, restaurants & nightlife.Currently operating as a short-term rental on Airbnb, the unit generates approx. $190/year in gross income with an average 90% occupancy. Managed by a private management company (15% comission), with the option for the new owner to continue management or enroll in the Fontainebleau rental program (50% comission). All guests receive full access to all amenities. Utilities are included in the HOA.
Fontainebleau III Ocean Club, the resort's Sorrento Tower, is an 18-story oceanfront condo-hotel at 4391 Collins Avenue, part of the Fontainebleau Miami Beach. It was built on the site of the old Sorrento Hotel during the resort's expansion by Turnberry Associates and the Muss family and opened with the expanded resort in 2008. The tower holds 285 hotel-condominium units, according to Miami-Dade property records; each room was sold as a condo unit. Owners can place their units in the hotel rental program and use the Fontainebleau's resort amenities. The tower's suites were redesigned in 2020, and Scarpetta restaurant is inside the Sorrento. Fontainebleau II, the Tresor tower at 4401 Collins, is a separate condominium.
Floor plans and unit details are subject to change. Contact us for the most current information.
4391 Collins Avenue Unit 623 #Unit 623, Miami Beach, FL, 33140