Surfside's Seaway North Approaches $400M Sellout at $38.6M Average

Fort Partners has achieved near-complete sellout at its latest luxury condominium project, with Seaway North generating $386.4 million in sales across just 10 units. The boutique building at 9165 Collins Avenue in Surfside commands an average sale price of $38.6 million per unit, establishing new benchmarks for ultra-luxury residential developments in Miami-Dade County.

The project represents another success for Nadim Ashi's Fort Lauderdale-based development firm, which has transformed the Surfside beachfront into one of South Florida's most exclusive residential enclaves. Seaway North joins the broader Surf Club ecosystem that includes the original Four Seasons Residences towers, the recently completed Seaway South, and the planned 17-unit Surf House development.

Real estate professionals attribute the pricing achievement to several factors, including the Four Seasons brand association, premium finishes, and the building's integration into the established Surf Club amenities network. The complex offers residents access to four pools, a Thomas Keller restaurant, and a 72-key hotel, creating what brokers describe as a comprehensive luxury lifestyle platform.

Seaway North follows the record-breaking success of its sister building, Seaway South, where an undisclosed buyer purchased a penthouse for $86 million in November 2024. That transaction established the highest price ever recorded for a Miami-Dade condominium sale, highlighting the market's appetite for premier oceanfront properties.

The Surf Club has attracted notable residents including former Starbucks CEO Howard Schultz, who acquired a 5,500-square-foot penthouse for $44 million in March. New York developer Richard Cohen purchased a 4,600-square-foot unit for $20.5 million, while AI entrepreneur Daniel Nadler bought a penthouse for $38.2 million last year.

Fort Partners continues expanding its Surfside presence with the upcoming Surf House project at 8955 Collins Avenue. Ashi purchased the development site for $60 million in 2024 and secured a $110.7 million construction loan for the 11-story, 17-unit building.

The Surf Club's original development launched in 2017 with 150 condominiums designed by Pritzker Prize winner Richard Meier and Miami architect Kobi Karp. The success has demonstrated sustained demand for ultra-luxury oceanfront living, with many Seaway North buyers upgrading from units in the original towers.

Brokers note that unit purchase prices represent only initial investment costs, as monthly homeowners association fees can exceed $20,000 for premium units. The exclusivity and prestige associated with Surf Club residency continue driving sales despite significant ongoing expenses, reflecting the development's status among South Florida's luxury residential projects.