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33526737
33526675

18550 Northeast 23rd Court, Miami, FL 33180

AW
FL 3476441
Compass Florida, LLC
Listed by Compass Florida, LLC
$1,343,490
14 days on market
Updated 14 days ago

Canal West Aventura | DIK Hospitality Investment Portfolio

Details
Property Type Hospitality, Special Purpose
Sub Type Shot-term rental investment, Condo hotel (+1)
Square Footage 1,904
Net Rentable (SqFt) 1,904
Keys 3
Occupancy 75%
Tenancy Vacant
Pro-Forma Cap Rate 8.14%
Pro-Forma NOI $109,397
Price per SqFt $706
Class A
Year Built 2026
Buildings 1
Stories 6
Zoning Ojus Urban Area District (OUAD)
Parking Spaces 1 per unit
Investment Type Value Add
Occupancy Date 12/30/2027
Ground Lease No
Sale Condition N/A

Developer Inventory Kickout (DIK) Opportunity | Nightly Rental Approved Waterfront Hospitality Units

Marketing description

Canal West Aventura | Developer Inventory Kickout (DIK) Opportunity

Compass Commercial is pleased to present a limited release of three Developer Inventory Kickout (DIK) units within Canal West Aventura, a 34-unit waterfront hospitality-oriented condominium development currently under construction in West Aventura, Florida.

Unlike traditional pre-construction purchases that utilize staged deposit schedules, DIK units require full upfront payment in exchange for discounted acquisition pricing. This structure allows qualified investors to acquire newly constructed hospitality inventory at a preferred basis while contributing capital during the construction phase.

Canal West Aventura is positioned along a unique waterfront setting with direct canal access and immediate proximity to Aventura Mall, Sunny Isles Beach, Oleta River State Park, Greynolds Park, and the Brightline Aventura Station. The project is designed to accommodate professionally managed short-term rental operations upon completion and will be delivered fully furnished and turnkey ready.

The offering represents an opportunity to acquire limited hospitality inventory within one of Miami-Dade County’s fastest growing development corridors. Significant nearby investment, including Blu Aventura, Brightline infrastructure improvements, and ongoing streetscape enhancements, continue to drive long-term growth throughout the West Aventura and Ojus submarket.

Available inventory includes:

• Unit 204 – 1 Bedroom / 1 Bathroom – 689 SF – $445,993

• Unit 208 – 1 Bedroom / 1 Bathroom – 752 SF – $471,055

• Unit 401 – Studio – 463 SF – $426,442

Individual and portfolio acquisition opportunities available.

Financial projections presented throughout this offering represent pro forma underwriting assumptions prepared by ownership and management. Canal West Aventura is currently under construction and has not yet commenced operations. Prospective purchasers should conduct their own independent analysis and due diligence regarding future performance.

Investment highlights

  • Limited release of 3 Developer Inventory Kickout (DIK) units within Canal West Aventura.
  • Full upfront payment structure provides access to preferential pricing not available through the standard developer sales program.
  • Fee-simple ownership of fully furnished, turnkey hospitality-oriented condominium units.
  • Nightly short-term rentals permitted through the project’s hospitality operating model.
  • Direct waterfront location with canal access and proximity to Aventura, Sunny Isles Beach, and Oleta River State Park.
  • Groundbreaking completed and construction underway.
  • Projected completion Q4 2027.
  • Professionally managed rental program anticipated upon stabilization.
  • New construction asset with no deferred maintenance exposure.
  • Attractive basis compared to anticipated future retail pricing and stabilized market value.
  • Opportunity to acquire individual units or the entire DIK portfolio.
  • Located within the rapidly expanding West Aventura / Ojus growth corridor benefiting from major residential, infrastructure, and transit investment.

Projected stabilized returns based on underwriting assumptions utilizing 75% occupancy and market ADR projections. Project is currently under construction and not yet operational. All financial figures are estimates only and are subject to market conditions and final operating performance.

Listing Contacts

AW
FL 3476441
Compass Florida, LLC
Listed by Compass Florida, LLC

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Zoning

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OUAD SpecialOjus Urban Center
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Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Avi Werde
License
3476441
Brokerage
Compass Florida
Title
Real Estate Advisor
Brokerage Address
605 Lincoln Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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