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Buildings/Surfside/THE WAVES CONDO

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THE WAVES CONDO

9455 COLLINS AVE, Surfside 33154

1991

Year Built

106

Units

CI Score

Moderate

For Sale

$1.1M

Avg Price

$702

Sale $/SF

—

For Rent

—

Avg Rent

$3.07

Rent $/SF

-2.5%

YoY

For Sale

For Rent

Investor-Owned

77%

Avg HOA

$814.5/mo

The Waves is a luxury oceanfront condominium located in prestigious Surfside, featuring 106 units ranging from 1 to 4 bedrooms with floor plans between 1,120-2,730 square feet. Built in 1991, this Collins Avenue address offers waterfront living with an average price point of $701.59 per square foot. The building provides a sophisticated Miami Beach lifestyle in one of South Florida's most desirable coastal communities.

Building Details

Address

9455 COLLINS AVE, Surfside, 33154

Neighborhood

Surfside

Year Built

1991

Total Units

106

Avg Unit Sqft

1,481 SF

Tier

Premium

Avg $/SF

$701.59

Rent $/SF

$3.07/SF

HOA Range

$699 – $930

Neighborhood Rank

Top 7%

Avg Unit Value

$907K

Total Sales (All-Time)

302

Amenities

PoolFitness CenterLobbyElevatorParking GarageSecurityConcierge

Investment Analysis

Yield Metrics

Rental Yield (annualized)—

YoY Appreciation-2.5%

Total Yield32.1%

Liquidity & Demand

Closed Sales (120d)1

Days on Market34 days

Months of Inventory8.0

Sale-to-List Ratio1.0%

Market Data

Sale Price Trend ($/SF)

$702

-11.5%

Rental Price Trend ($/SF)

$5.56

-13.3%

Building Activity

Days on Market

days

Normal pace

Months of Inventory

8.0

months

Buyer's market

Sale-to-List Ratio

98.2%

Strong demand

Price Reductions

100%

of listings

Many price cuts

Closed Sales (120d)

transactions

Low volume

Date	Price	$/SF	Bed/Bath	SF
Jan 9, 2026	$884K	$701.59	2/2	1,260
Oct 27, 2025	$763K	$605.16	2/2	1,260
Oct 23, 2025	$763K	$605.16	2/2	1,260
Jul 11, 2025	$999K	$792.86	2/2	1,260
May 16, 2025	$999K	$792.86	2/2	1,260
Nov 27, 2024	$1.2M	$804.64	2/3	1,510
Jun 25, 2024	$1.9M	$1,185.9	2/3	1,560
Jun 3, 2024	$1.9M	$1,185.9	2/2	1,560
Mar 18, 2024	$1.6M	$945.12	2/3	1,640
Mar 17, 2024	$1.6M	$945.12	2/2	1,640

Units & Ownership

Total Units

106

Avg Sqft

1,481 SF

Avg Assessed

$742K

Owner-Occupied

23%

Tax & Ownership

Investor-Owned

77%

Owner-Occupied

23%

Avg Assessed Value

$742K

Avg Taxable Value

$729K

Effective Year Built

1991

Zoning

5000

Unit Mix

1 BR1

Avg 1,120 SF

2 BR101

Avg 1,447 SF

3 BR1

Avg 1,910 SF

4 BR3

Avg 2,590 SF

Unit Directory

Showing 10 of 106 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
301	2	2	1,260	$702K	—	$763K	$605	Oct 2025
302	2	2	1,560	$652K	—	$337K	$216	May 2003
303	2	2	1,170	$491K	—	$450K	$385	Jun 2005
304	2	2	1,640	$407K	✓	$405K	$247	Aug 2011
305	2	3	1,510	$602K	—	$226K	$150	Mar 1993
306	2	3	1,510	$299K	✓	$180K	$119	Sep 1993
307	2	2	1,640	$1.1M	—	$422K	$257	Nov 2002
309	4	4	2,730	$1.2M	✓	$725K	$266	Aug 2017
310	2	2	1,260	$572K	—	$300K	$238	Dec 2008
401	2	2	1,260	$578K	—	$210K	$167	Jul 2000

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THE WAVES CONDO

Building Details

Investment Analysis

Yield Metrics

Liquidity & Demand

Market Data

Sales & Listings

Units & Ownership

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