NOT LISTED FOR SALE

Porsche Design Tower 18555 Collins Ave Unit 1005 Sunny Isles Beach, FL 33160

Estimated Value: $4,542,293 - $4,832,000

3 Beds
4.5 Baths
3,529 Sq Ft
$6,957/mo HOA Fee

Last Sold May 10, 2024

Last sale price $3,710,000 $1,051 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $37,164/month

34 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Clubhouse
  • Norman S. Edelcup/Sunny Isles Beach K-8 Rated A-
  • Fitness Center
  • Roman Tub

About This Home

As of May 2024

Experience luxury living at the "Porsche Design" in Sunny Isles Beach! Breathtaking panoramic direct ocean views from your living room and every corner of this unit. Enjoy the Ocean, City, and Intracoastal panoramas. Spacious balcony with your very own private plunge pool/jacuzzi overlooking the Atlantic ocean. Experience convenience with the building's exclusive feature—the "Dezervator," your personal 2 car elevator located just beneath your unit. Amenities are unlimited include a private elevator opening directly into your living space, a lounge, restaurant, building and car concierge services, full beach amenities, pools, spa, virtual golf, race car simulator, movie theater, salon, bar, and a party room. Live effortlessly in one of the nation's most technologically advanced building.

Last Agent to Sell the Property

Steven Modica

Real Estate Home Sales Inc License #431169 Listed on: 03/04/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $65,625

Year Built

  • Built in 2016

Lot Details

  • Ocean Front

HOA Fees

  • $6,957 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit

Home Design

  • Entry on the 10th floor

Interior Spaces

  • 3,529 Sq Ft Home
  • Bar
  • Combination Dining and Living Room
  • Laminate Flooring

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Roman Tub

Laundry

  • Laundry Tub
  • Washer and Dryer Hookup

Home Security

Outdoor Features

  • Property has ocean access
  • Open Patio

Schools

  • Norman S. Edelcup/Sunny Isles Beach Elementary School
  • Highland Oaks Middle School
  • Alonzo And Tracy Mourning Sr. High School

Utilities

  • Central Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 31-22-02-050-0900

Community Details

Overview

  • Association fees include management, amenities, cable TV, insurance, maintenance structure, pool(s), sewer, security, trash, internet
  • Porsche Design Condo Subdivision
  • 60-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Clubhouse
  • Business Center
  • Elevator

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Security Guard
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$65,625

Year Built

Built in 2016

Lot Details

0

HOA Fees

$6,957 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: William Lehman Causeway east to Collins Ave go South to the Porsche Building on your left. Use Google maps for most direct route from yout starting point.
  • Year Built: 2016
  • Entry Level: 10
  • Property Attached Yn: Yes
  • Year Built Details: Resale
  • Special Features: 5120

Interior Features

  • Interior Amenities: Bedroom on Main Level, Closet Cabinetry, Garden Tub/Roman Tub, Kitchen Island, Living/Dining Room, Main Level Primary, Main Living Area Entry Level, Walk-In Closet(s), Elevator, Bar
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 2
  • Appliances: Dishwasher, Electric Range, Microwave, Other, Refrigerator, Self Cleaning Oven
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Laminate, Other
  • Living Area: 3529.0
  • Stories: 60

Exterior Features

  • Exterior Features: Balcony
  • View: Ocean
  • Pool Features: Association
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Two or More Spaces, Valet

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Laundry Tub
  • Security: Door Man, Elevator Secured, Secured Garage/Parking, Lobby Secured, Security Guard, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Association Fee: 6957.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Business Center, Clubhouse, Elevator(s), Fitness Center, Pool, Restaurant, Sauna, Trash
  • Association Fee Frequency: Monthly
  • Pets Allowed: Breed Restrictions, Number Limit, Size Limit, Yes

Fee Information

  • Association Fee Includes: Association Management, Amenities, Cable TV, Insurance, Maintenance Structure, Pool(s), Sewer, Security, Trash, Internet

Schools

  • Elementary School: Norman S. Edelcup/Sunny Isles Beach
  • High School: Alonzo and Tracy Mourning Sr. High
  • Middle Or Junior School: Highland Oaks

Lot Info

  • Parcel #: 31-22-02-050-0900

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 65625.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
May 10, 2024
Sold by
Us Bank National Association
Bought by
Mstone International Corporation Llc
Seller's Agent
Steven Modica
Real Estate Home Sales Inc
List Price
$3,995,000
Sold Price
$3,710,000
Premium/Discount to List
-$285,000
-7.13%
Views
43
Current Estimated Value
$4,678,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$968,431
Avg. Annual Appreciation
18.16%

Purchase Details

Closed on
Jun 1, 2023
Sold by
Miami Design Realty Llc
Bought by
Bh Miami Group Llc

Purchase Details

Closed on
Jul 5, 2022
Sold by
Dss Trans Corporation
Bought by
Miami Design Realty Llc

Purchase Details

Closed on
Sep 20, 2021
Sold by
Altamlrario Arluro Andres and Pd Tower 1005 Llc
Bought by
Dss Trans Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,750,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2017
Sold by
18555 Developers Llc
Bought by
Pd Tower 1005 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mstone International Corporation Llc $3,710,000 Florida Closing & Escrow
Bh Miami Group Llc -- None Listed On Document
Bh Miami Group Llc -- None Listed On Document
Miami Design Realty Llc -- Escalante Law Pa
Dss Trans Corporation $5,000,000 Land Title Services Llc
Pd Tower 1005 Llc $4,150,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dss Trans Corporation $3,750,000
Previous Owner Pd Tower 1005 Llc $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2024 05/10/24 Sold $3,710,000 -7.1% $1,051 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $3,995,000 +7.7% $1,132 / Sq Ft
03/04/2024 03/04/24 Off Market $3,710,000 -- --
11/25/2021 11/25/21 Rented -- -- --
10/28/2021 10/28/21 Under Contract -- -- --
10/21/2021 10/21/21 For Rent $30,000 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $64,835 $3,465,090 -- --
2024 $65,625 $3,850,100 -- --
2023 $65,625 $3,542,092 $0 $0
2022 $55,858 $3,260,000 $0 $0
2021 $45,634 $2,567,000 $0 $0
2020 $50,034 $2,790,720 $0 $0
2019 $46,453 $2,584,000 $0 $0
2018 $75,528 $4,307,000 $0 $0
2017 $70,017 $3,915,435 $0 $0
2016 $5,706 $207,715 $0 $0
2015 $4,098 $188,832 $0 $0
2014 $5,027 $260,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Steven Modica

    Real Estate Home Sales Inc

    (954) 270-7770

    1 in this area

    233 Total Sales

    Steven Modica
    Section Image

  • Y

    Seller's Agent in 2021

    Yanet Diaz Sanchez

    MMLS Assoc.-Inactive Member

    Section Image
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About Porsche Design Tower

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10427226

BeachesMLS (Greater Fort Lauderdale)

APN: 31-2202-050-0900

Florida Miami/Dade County Sunny Isles Beach 33160

18555 Collins Ave Unit 1005, Sunny Isles Beach, FL

This home is located at 18555 Collins Ave Unit 1005, Sunny Isles Beach, FL 33160 since 04 March 2024 and is currently estimated at $4,678,431, approximately $1,325 per square foot. This property was built in 2016. 18555 Collins Ave Unit 1005 is a home located in Miami-Dade County with nearby schools including Norman S. Edelcup/Sunny Isles Beach K-8, Highland Oaks Middle School, and Alonzo & Tracy Mourning Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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