Apartment for Sale in Winston Towers 400, Sunny Isles Beach — 223 m², $280 per m², Renovation Needed
A spacious three-bedroom, three-bathroom apartment is for sale in the Winston Towers 400 condominium, Sunny Isles Beach, Florida. Area — 2,400 sq ft (about 223 m²). The apartment is located across the street from the beach and parks. The windows offer views of the ocean, the coastline, and the canal. Renovation is needed. It is sold "as is"; the seller will not carry out renovation work. Price — $280 per square meter (about $62,440 for the unit).
Location
Winston Towers 400 is located at 231 174th Street, Sunny Isles Beach, between Miami and Fort Lauderdale. The beach is about a 5-minute walk away. Nearby — parks, shops, and restaurants. Aventura and Bal Harbour malls are about a 10-minute drive. The building is on the first line to the ocean, across the street from the beach.
About the Property
A 2,400 sq ft (223 m²) apartment with three bedrooms and three bathrooms. Renovation is needed. Sold "as is." The exact layout and condition of the utilities are not specified in the source. According to data for comparable units in Winston Towers 400, the apartments have a spacious living room and dining area, a balcony with sunset views, a master bedroom with an en-suite bathroom and walk-in closet, and an additional guest bedroom.
In the Building
Winston Towers 400 is a 24-story building constructed in 1973–1974. The infrastructure includes 24-hour security, concierge, covered and open parking, a heated pool, sauna, gym, game room, auditorium, card room, and library. The building has completed a $10 million assessment and 40- and 50-year recertification. The HOA fee for comparable units is $543–$711 per month and covers internet, cable TV, water, insurance, and repairs of appliances, air conditioners, electrical, and plumbing.
Price and Costs
- Price — $280 per m².
- Price per square foot — about $26 (at 2,400 sq ft).
When buying real estate in Miami-Dade County, the buyer pays the Documentary Stamp Tax. For condominiums and non-single-family properties, the rate is $1.15 per $100 of the transaction price ($0.70 state tax plus $0.45 county surtax). For a property valued at $62,440, the tax will be about $718. Title insurance and registration fees are paid additionally.
The final transaction amount including all fees is calculated individually and communicated before signing the contract.
Annual costs: HOA fee — $543–$711 per month for comparable units. Property tax — calculated from the appraised value of the property; the exact amount is clarified with the Miami-Dade County Tax Department.
Paperwork and Transaction Format
Form of ownership — freehold in a condominium. Foreign buyers can purchase real estate in Florida. The transaction is closed at a title company with registration in Miami-Dade County. Online viewings and remote closing by power of attorney are possible. Support languages — English, Spanish.
If You Are Considering It as an Investment
The apartment is offered at a price significantly below market for Sunny Isles Beach, due to the need for renovation. For comparison: comparable three-bedroom apartments in Winston Towers 400 are listed at €559,300. The low entry price creates potential for an investor ready to invest in renovation and resale or rental.
However, it is important to consider the rental rules. In Sunny Isles Beach, short-term rental (less than 6 months) requires a separate city license for each unit, as well as condominium association approval. A city permit does not override restrictions set by the building's bylaws. The exact rental rules of Winston Towers 400 must be requested from the association.
For a foreign seller, FIRPTA will apply in the future: the buyer is required to withhold 15% of the transaction amount if the seller is a foreign person. This is important to consider when planning the exit from the investment.
Best Suited For
— Investors ready for renovation and seeking a property at a price significantly below market in Sunny Isles Beach.
— Buyers who want to create an apartment to their own taste in a building with developed infrastructure and proximity to the beach.
— Those considering long-term ownership in a prestigious area with potential for value growth after renovation.
May Not Suit
— If you need a move-in-ready apartment — renovation is required, sold "as is."
— If your budget does not account for the HOA fee ($543–$711/month) and renovation costs.
— If you plan short-term rental — a city license and association approval are required; the rules must be clarified.
— If information on the year of construction is critical — the building dates from 1973–1974.
What to Know Before the Deal
The building dates from 1973–1974 but has completed 40- and 50-year recertification, which reduces risks related to structural elements. The HOA fee covers a wide range of services, including repairs of appliances and utilities. The apartment is sold "as is," so an independent inspection is necessary before purchase to assess the scope of renovation work. For foreign buyers, it is important to consider FIRPTA upon a future sale: if the seller is not a US citizen or green card holder, the buyer will withhold 15% of the transaction amount. When buying, be sure to check the association's financial condition and current rental rules.
How to View and Buy
Write when you plan to travel and what budget you are targeting. The Discount House manager will confirm the property's availability, send a full calculation of transaction costs, and select alternatives in the same area. Viewing in person or by video. Response within 30 minutes.