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18550 NE 23rd Ct
Miami, FL 33180
Canal by IQ · Multifamily Property For Sale · 34 Units

Investment Highlights

  • Only STR friendly in 5 mile radious
  • Huge asset appreciation value expected
  • Only building on the Olteta River with Ocean access

Executive Summary

Now offering an immediate 6% guaranteed return at closing until completion.
STR Investor’s Dream Opportunity in Aventura!
Introducing CanaL by IQ, the first and only luxury riverfront boutique condominium in West Aventura! This 34-unit, pre-construction building offers an exclusive opportunity for savvy investors to become the sole owner/operator, controlling the board and bylaws in an STR-friendly environment. Choose from beautifully designed studio, 1, and 2-bedroom condos, all perfect for short-term rental investments.
What sets this property apart is its prime location on the serene Oleta River, giving residents access to a true waterfront lifestyle. Kayak, canoe, paddleboard, fish, or simply enjoy the natural beauty of the surroundings. Directly behind the building lies the stunning Greynolds Park, a lush green space filled with towering oak trees, scenic picnic areas, playgrounds, and even a 9-hole golf course.
West Aventura is quickly becoming a mixed-use paradise, with local shops, restaurants, and boutique shopping just steps away. Plus, the renowned Aventura Mall, JW Marriott Resort, Spa, and Golf Course, Aventura walking circle, and endless parks and canals are all nearby. A short drive brings you to the white sand beaches of Sunny Isles, making this location a hotspot for travelers seeking both adventure and relaxation.
The building’s luxury amenities are enhanced by Ornare, a renowned luxury brand specializing in bespoke, high-end furniture and interior design. Each unit features custom-designed kitchens, wardrobes, and living spaces by Ornare, blending elegance and functionality to elevate the living experience.
Additionally, Brenton offers high-quality furniture packages, providing a seamless turnkey experience for investors looking to effortlessly prepare their units for the short-term rental market.
Residents and guests will also enjoy a state-of-the-art gym, a riverfront pool deck with unmatched natural views, and a shared rooftop with BBQ grills, hot tubs, and lounge spaces—perfect for entertaining.
Seize this once-in-a-lifetime investment opportunity in one of South Florida’s most desirable up-and-coming districts!

Property Facts

Price Per Unit $735,294
Sale Type Investment
Cap Rate 7.77%
No. Units 34
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.26 AC
Construction Status Proposed
Building Size 51,000 SF
No. Stories 6
Year Built 2026
Zoning 3261

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Vaulted Ceiling
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Views
  • Grill

Site Amenities

  • 24 Hour Access
  • Fitness Center
  • Pool
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 7 - 406 - 490
1+1 16 - 604 - 960
2+2 11 - 904 - 980

Property Taxes

Property Taxes

Parcel Number
30-2204-004-0020
Land Assessment
$679,500
Improvements Assessment
$0
Total Assessment
$679,500
  • Listing ID: 33975329

  • Date on Market: 11/22/2024

  • Last Updated:

  • Address: 18550 NE 23rd Ct, Miami, FL 33180

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