Penthouse Residence at Turnberry Ocean Club, Sunny Isles Beach — 5 Bedrooms, 6,740 sq ft
A spacious residence is for sale in the Turnberry Ocean Club tower at 18501 Collins Ave #2304, Sunny Isles Beach, Florida 33160. The property is positioned as a penthouse space: almost 7,000 sq ft (650 m²) of interior area and 1,500 sq ft (139 m²) of terrace with panoramic views of the ocean, the Intracoastal, and the Miami skyline. The width of the residence is almost 80 ft (24 m), ceilings — 11 ft (3.35 m). Five bedrooms, six and a half bathrooms, a home theater, a family room/office. Price — $15,900,000.
Location
Turnberry Ocean Club is located at 18501 Collins Avenue, on the oceanfront of Sunny Isles Beach between Miami and Fort Lauderdale. This is a prestigious coastal corridor with private beach access, restaurants, and proximity to the designer boutiques of Bal Harbour. The tower is designed as an all-glass building with 360-degree water views.
About the Property
A residence of 6,740 sq ft (626 m²) plus 1,510 sq ft (140 m²) of terraces. Five bedrooms, seven bathrooms, and one half-bathroom. Features: fully customized interiors with designer wood panels, multi-level ceiling lighting, a large living room for receptions, a formal dining room, a spacious master bedroom with two walk-in closets and bathrooms, four guest bedrooms, a family room/office, a home theater. The property has never been occupied — condition "new, untouched."
In the Complex
Turnberry Ocean Club offers more than 70,000 sq ft of amenities across six floors, including a three-level Sky Club with $100 million in investment: ocean pools, a spa and wellness center, fitness, a movie theater, restaurants, concierge service. Two restaurants plus a DRIP cafe, a spa with treatment rooms, a hair and nail salon, a movie theater, dog areas. A cabana can be purchased separately for $850,000.
Price and Costs
Price — $15,900,000.
Price per square foot — $2,359 (based on the interior area of 6,740 sq ft).
When purchasing real estate in Miami-Dade County, the buyer pays the Documentary Stamp Tax. For condominiums and real estate that is not a single-family home, the rate is $1.15 per $100 of the transaction price ($0.70 state tax plus $0.45 county surcharge). For a property valued at $15,900,000, the tax will be about $182,850.
Additionally paid: title insurance, title company services, registration fees. Total transaction closing costs typically amount to 2–3% of the property price.
The final transaction amount, including all fees, is calculated individually and communicated before signing the contract.
Annual expenses:
The HOA fee for Turnberry Ocean Club is estimated at an average of $1.86 per square foot per month. For a residence of 6,740 sq ft, this amounts to about $12,536 per month, or $150,432 per year. The median stated HOA rate across active listings in the tower as of October 2026 is $5,840 per month. The exact amount for a specific lot is to be confirmed with the association.
Property tax: at a price of $15,900,000 and a Miami-Dade County rate of about 2.0%, the tax is estimated at approximately $318,000 per year without the homestead exemption.
Ownership and Transaction Format
Ownership type — freehold in a condominium. For foreign buyers, purchasing real estate in Florida is available. The transaction is closed at a title company with registration in Miami-Dade County. Online viewings and remote closing via power of attorney are possible. Support languages — English, Spanish.
If You're Considering It as an Investment
Sunny Isles Beach remains a market of long-term owner-users: buyers purchase real estate for living, not for short-term yield. New, well-amenitized towers with limited supply retain their premium and liquidity, while older buildings face rising HOA fees and slowing absorption. Turnberry Ocean Club is among the top towers alongside Acqualina, Ritz-Carlton, and Jade Signature.
Rental rules: short-term rental (less than 6 months) in Sunny Isles Beach requires a separate city license for each unit, as well as approval from the condominium association. A city permit does not override restrictions set by the building's bylaws. The exact rental rules of Turnberry Ocean Club must be requested from the association.
The source does not contain data on stated yields.
Best For
— Buyers seeking a spacious residence (626 m²) with panoramic views of the ocean and the Intracoastal.
— Those who value fully customized interiors and five-star hotel-level amenities (Sky Club, spa, restaurants).
— Investors considering a tower with limited supply and stable liquidity in the premium segment of Sunny Isles Beach.
May Not Be Suitable
— If your budget does not account for the high annual HOA fee (about $150,432 per year by estimate) and property tax (about $318,000 per year).
— If you plan short-term rental (Airbnb) — a city license and association approval are required, and rental rules need to be clarified.
— If you need move-in-ready real estate — the property is sold fully furnished and is ready for occupancy.
— If proximity to central Miami is critical for you — Sunny Isles Beach is located between Miami and Fort Lauderdale.
What to Know Before the Transaction
The residence has never been occupied, which reduces risks related to the condition of finishes. The HOA at Turnberry Ocean Club is substantially higher than the Sunny Isles Beach average (302% above the median). The fee covers internet, building insurance, common areas, water, pool, sewer, security, trash removal, and partially hot water and cable TV. For long-term ownership, it is important to request the association's current financial reports and the status of the reserve fund. A cabana is purchased separately for $850,000.
How to View and Buy
Let us know when you plan to travel and what budget you have in mind. A Discount House manager will confirm the availability of the property, send a full breakdown of transaction costs, and suggest alternatives in the same area. Viewing in person or by video. Response within 30 minutes.