Investor Sells 2.2 Acres for $22M

Local investor Carlos Mattos of Sunny Isles Property Holdings LLC traded the 2.2-acre oceanfront parcel at 16901 Collins Ave. in Sunny Isles Beach, FL to an affiliate of Fortune International Realty for $ 22 million, or approximately $ 10.17 million per acre.

The 94,220-square-foot land site is located in the Aventura submarket and is zoned MUR. The development plans for this site are unknown, but the buyer owns and developed the immediately-adjacent…
South Florida Commercial Real Estate News From CoStar Group