+63 more
$2.6M
Fontainebleau III Ocean Club Unit 506/507
4391 Collins Ave, Unit 506/507 • Miami Beach, FL 33140
About This Unit
Rare opportunity to own a beautiful 2BD, 2.5BA residence at the Fontainebleau III Sorrento Tower Miami Beach, conveniently located on the same floor as the owner's lounge & owners pool. Enjoy beautiful ocean and hotel pool grounds views from this fully furnished, turnkey apartment. This unit offers a full kitchen, two king beds, two sleeper sofas, 2 private balconies, washer/dryer, and soaring ceilings throughout. Enroll in the hotel rental program & receive income while away! The Fontainebleau resort offers luxury amenities on 22 oceanfront acres including award-winning restaurants, bakery, shops, LIV night club, Lapis spa & state-of-the-art fitness center. Maintenance fees include AC, electricity, valet + daily free breakfast in owner’s lounge.
Pricing at Fontainebleau III Ocean Club — $1,764/sqft
At $1,764/sqft, Fontainebleau III Ocean Club Unit 506/507 is priced at the low end of the building — only 0% of active 2BRs ask less per sqft.
Fontainebleau III Ocean Club Unit 506/507 vs Active Listings at Fontainebleau III Ocean Club: This condo is -11.4% lower ($227/less per sqft) than the building's active 2BR median of $1,991/sqft, based on 5 active 2BRs.
Rank: This unit's $/sqft is higher than 0% of currently-active 2BR units at Fontainebleau III Ocean Club (sample of 5).
Insider Negotiation Strategy: 2BR units at Fontainebleau III Ocean Club typically close at 98.0% of asking. At that ratio, this unit could plausibly trade around $2,596,020.
Based on live MIAMIRE active & closed listings at Fontainebleau III Ocean Club.
Time on Market — 24 days
Fontainebleau III Ocean Club Unit 506/507 is fresh to market — limited negotiating leverage at this stage.
This unit's 24 days on the market is 84 days shorter than the active 2BR median of 108 days (-77.8%).
Inventory position: 0th percentile for 2BRs currently active at this building.
Estimated Monthly Cost
Mortgage (P&I)
$14,385
HOA
$2,598
Property Tax
$2,711
Total / mo
$19,694
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.23%.
HOA $1.73/sqft · All-in $13.11/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
Schedule your private showing at Fontainebleau III Ocean Club.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
That's (305) 337-4259 • Available 7 days a week
Recent Comparable Sales
Active 2BR Comps at Fontainebleau III Ocean Club
UnitListSqft$/sqftDOM
#—
—
1,502
$1991
108
#—
—
1,461
$2094
374
#—
—
1,292
$3250
70
#—
—
1,502
$1764
24
#—
—
1,118
$1990
495
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
- Fontainebleau III Ocean Club is a 19-story mid-rise at 4391 Collins Ave, Miami Beach, FL 33140, built 2008. Currently 30 active listings on the market, with active asking prices ranging up to $12M.
- Neighborhood: Miami Beach. Miami Beach is three distinct neighborhoods: South Beach (Ocean Drive, Lincoln Road, Art Deco, walking-everywhere), Mid-Beach (Faena, Edition -- quieter money), and North Beach (newer ultra-luxury construction without South Beach baggage). Per-square-foot variance between them is enormous.
- Buyer profile here: Mix of primary residents (especially South Beach south of Fifth and Mid-Beach Faena District), second-home buyers, and condo-hotel investors.
- Built 2008 (18 years old).
- Luxury inventory with the active ceiling around $12M -- top units skew to larger floorplans, higher floors, and more amenities.
- At 19 stories, Fontainebleau III Ocean Club is mid-rise scale -- a typical balance of view exposure and intimate community feel.
- Compared anchor: Compared to Sunny Isles (oceanfront tower wall), Miami Beach has more architectural diversity, more restaurants per block, and the South of Fifth and Faena Districts give some sub-areas resort-grade amenity stacks.
- Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
- Pre-offer diligence: Older South Beach inventory hits Florida's 25-year structural recertification triggers; reserve study and assessment history are critical pre-offer items on pre-2000 buildings.
- Ricky has worked the Miami Beach market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
What to Verify
Flood Zone: This unit is in flood zone AE. High-risk flood zone (Special Flood Hazard Area). Federal flood insurance required for federally-backed mortgages.
Building Age: Built in 2008 (18 years old).
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Feb 2014 for $405,000 — held 12 years. They’re now asking $2,649,000 — +554.1% (+$2,244,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
| Date | Price | Type |
|---|---|---|
| Feb 2014 | $405,000 | arm’s-length |
| Nov 2008 | $445,000 | arm’s-length |
Source: Miami-Dade Property Appraiser. This unit owns 0.16326856% of the building’s common elements. County living area: 544 sqft.
Building: Fontainebleau III Ocean Club
Unit: 506/507
Year Built: 2008
Stories: 36
City: Miami Beach
Postal Code: 33140
HOA Fee: $2,598 / Monthly
View: Ocean View, Pool Area View
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 24
Listed: March 17, 2026
MLS #: A11983894
Location
Listing courtesy of: Coldwell Banker Realty
· Darrell.Burks@Floridamoves.com
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11983894
• Updated Apr 10, 2026
