16047 COLLINS AVE 2804, Sunny Isles Beach, FL 33160

16047 COLLINS AVE 2804, Sunny Isles Beach, FL 33160 is a 4-bedroom, 6.5-bathroom residential - total value : condominium - residential built in 2007 with 3,735 square feet of living space. The property is currently owned by MARC B FARBSTEIN, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2009-07-20 for $1,900,100, when DAVID S BINGHAM &W sold to MARC B FARBSTEIN. The property sold for $1,369,900 less than the prior sale of $3,270,000 on 2008-01-01. The 2025 assessed value is $3,360,798 with a market value of $3,360,798.

The assessed value decreased 6% from $3,559,085 in 2024. The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone X, which indicates minimal flood risk.

Flood insurance is typically not required for properties in Zone X. The median household income in this area is $91,818, and the median home value is $744,100. The population density is 7,985 people per square mile.

16047 COLLINS AVE 2804, Sunny Isles Beach, FL 33160 is located in Sunny Isles Beach, Florida. Property records, tax assessments, sales history, and ownership information for this Sunny Isles Beach property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2008 to 2009, with 2 recorded transactions in the public record.

The current assessed value represents 177% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $509 per square foot — a key metric for comparing value across Sunny Isles Beach's real estate market..