A Surf Club Condo Bought for $18.4M in 2025 Sold for $30.3M About a Year Later
Unit S-1003 at the Four Seasons at the Surf Club went under contract asking $31.5 million and closed in August at about $30.3 million, roughly 65% over what the seller paid 13 months earlier. The right building is its own asset class.
Updated Oct 15, 2026: the unit closed in August at about $30.3 million. This post first reported only the $31.5 million asking price at contract, and the headline now uses the closed price.
Here's a number that stops you: Unit 1003-S at 9001 Collins Avenue, in the Four Seasons at the Surf Club south tower, went under contract asking $31.5 million, or about $6,800 per square foot. The seller's LLC paid $18.4 million for it last summer. That's a markup of more than 70% in roughly a year, per The Real Deal.
It closed in August at $30.25 million, per BRG International, and Redfin listed the $30.3 million sale of Unit S-1003 among the ten most expensive U.S. home sales of the month. That is about 65% over the $18.35 million BRG puts on the 2025 purchase, and about $1.25 million under the ask.
The unit is 4,640 square feet, 4 bedrooms and 5.5 baths, listed by Bryan Halda of Compass. BRG International puts it at 4,235 square feet, so treat any price per foot as approximate. For context on the moment, that week (June 29 to July 5) saw just 9 luxury contracts totaling $88.9 million in asking dollar volume, down from 17 deals worth $133.4 million the week before.
Enrique's read
An asking price is not a sale price, and this one proves it: the unit closed about 4% under the ask. Even so, a roughly 65% gain in 13 months, on a contract signed in a week when luxury deal volume nearly halved, tells you something real about how trophy inventory behaves.
My read: the best branded buildings in Miami trade like their own asset class, largely detached from the broader market's mood. When the wider luxury tape slows, a Surf Club, an Aston Martin, an Eighty Seven Park can still command a premium because supply inside them is fixed and demand for the address isn't. The lesson for sellers isn't 'ask for 70% more.' It's that in scarce buildings, pricing power lives in the building itself, and you price from real comps inside it, not from the metro average.
Trophy towers price off their own comps, not the market's. I track every major Miami condo building so you list at the number the building actually supports.
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