Surfside’s ultra-luxe condo scene just notched another monster week. Fort Partners closed two sales at its Seaway at the Surf Club North development on Thursday, pulling in roughly $104 million. The pair of deals included a $64.5 million oceanfront penthouse and a $39 million residence, both ranking among the priciest condo trades recorded in Surfside so far this year.
According to The Real Deal, the $64.5 million penthouse at 9165 Collins Avenue sold to Marinus Limited, while Fana Surf Club LLC picked up the $39 million unit. Both buyers used limited-liability companies, keeping with the now-standard playbook for trophy shoppers in Miami’s high-end condo market.
Where the units sit
Seaway at the Surf Club is a tightly scaled project made up of two compact towers at 9149–9165 Collins Avenue, with 34 residences in total. The north building was designed by ODP Architecture, with interiors by Joseph Dirand. The status of construction on the north tower, along with other key project details, is outlined by Tyler Tuchow, while the permitting timeline appears in the Town’s official report from 2024, per the Town of Surfside.
How these deals fit the market
The latest Seaway closings add fuel to a streak of big-ticket action along Collins Avenue, where boutique, branded beachfront product has been quietly resetting the local price curve. Earlier deals at the same project were already pushing totals into nine-figure territory, a shift that market watchers say is reshaping pricing in Surfside and nearby Bal Harbour. That initial wave of activity was tracked in a Hoodline roundup on three condo deals hit $121 million.
Other notable closings this week
The action was not limited to Surfside. Also this week, a trust paid $23.8 million for a newly built waterfront spec home at 5515 Pine Tree Drive in Miami Beach, a property that had carried a $25.9 million asking price and was listed through Douglas Elliman and Compass. The Real Deal reported the sale, and a listing from Compass puts the home at roughly 7,000 square feet, highlighting detailed finishes, new construction, and waterfront amenities.
Farther south in Pinecrest, real estate executive Christopher Sanz and Allison Sanz closed on a 7,700-square-foot home at 8955 SW 63rd Court for $8.4 million. The property, built in 2013, last changed hands in 2018 for about $5.3 million, a jump that illustrates how quickly values have climbed in certain Miami-Dade pockets, according to local MLS data summarized on Realtor.com.
Fort Partners, led by Nadim Ashi, has been lining up financing and inventory loans to finish a slate of boutique, branded towers along Collins Avenue, a strategy detailed in coverage of the developer’s recent funding moves by Commercial Observer. That pipeline, paired with early top-of-the-market closings at Seaway, is likely to keep nudging comps higher in Surfside and neighboring Bal Harbour and Miami Beach, according to that reporting.
