Surf Club's Seaway North Records $121M Opening Sales

Fort Partners has secured $121.2 million from the initial three sales at Seaway North, the latest luxury condominium addition to developer Nadim Ashi's expanding Surf Club complex in Surfside. The transactions represent strong market confidence in South Florida's ultra-high-end residential sector.

The 11-story building at 9165 Collins Avenue contains just 10 exclusive units, with sale prices ranging from $37 million to $44.2 million for the first closings. Hillcrest Land LLC, a Fort Partners affiliate, completed these transactions with undisclosed buyers through the South Florida Business Journal's reporting.

The highest-priced unit, a two-story Beach Villa spanning 9,200 square feet, sold for $44.2 million to the 9165 Collins Trust, managed by attorney Mark S. Meland. This price point reflects the premium positioning of the Seaway North within Miami-Dade County's luxury condominium market.

Fort Partners acquired the one-acre development site for $41.5 million in 2023, then secured a $107.6 million construction loan from Madison Realty Capital to fund the project. Construction began in 2024 under the architectural direction of ODP Architecture, creating a boutique residential experience that integrates with the broader Surf Club amenities.

Seaway North residents gain access to four pools, private club facilities, restaurants, and other luxury services within the Surf Club compound. This amenity package distinguishes the development in a competitive luxury market where buyers seek comprehensive lifestyle offerings alongside prime oceanfront locations.

The Surf Club complex has established itself as a magnet for wealthy buyers relocating to South Florida. Recent high-profile purchases include former Starbucks CEO Howard Schultz's $44 million penthouse acquisition in March and New York real estate developer Richard Cohen's $20.5 million unit purchase earlier this month, both designated as primary residences.

The broader Surf Club development continues setting price records across Miami-Dade County's residential market. In November, Fort Partners achieved an $86 million sale for an oceanfront penthouse in the original Seaway building, marking the county's most expensive condominium transaction to date.

These sales figures demonstrate sustained demand for ultra-luxury residential properties in South Florida, particularly those offering exclusive amenities and direct ocean access. The success of boutique developments like Seaway North reflects buyer preferences for intimate, service-rich environments over larger condominium towers.

Fort Partners' development strategy focuses on creating limited-inventory buildings that command premium pricing through architectural distinction and comprehensive amenity packages. The Seaway North's rapid initial sales success validates this approach in today's luxury real estate environment.