NOT LISTED FOR SALE

Porsche Design Tower 18555 Collins Ave Unit 2005 Sunny Isles Beach, FL 33160

Estimated Value: $4,390,000 - $5,183,000

3 Beds
4.5 Baths
3,415 Sq Ft
$6,252/mo HOA Fee

Last Sold June 18, 2024

Last sale price $4,950,000 $1,449 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $36,329/month

408 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Bar or Lounge
  • Norman S. Edelcup/Sunny Isles Beach K-8 Rated A-
  • Community Cabanas
  • Fitness Center

About This Home

As of June 2024

Drive up to your one-of-a-kind mansion in the sky in the ultra-exclusive Porsche Design Tower. Located in the heart of Sunny Isles Beach, this extravagant 3 bedroom, 4.5 bathroom unit features $1,000,000 in renovations, which include doors made of shagreen, marble flooring, a Poggenpohl kitchen, and your very own private garage, allowing you to park directly inside your unit. The entire home is monitored by a smart system, controlling everything from music to lights & more. Enjoy endless ocean views from the master bedroom, or while lounging by your private pool on the expansive balcony. This unit comes fully furnished from Restoration Hardware and is move-in ready. The building offers 5-star amenities, ranging from a restaurant & bar to a world-class gym complete with a sauna, and more.

Last Agent to Sell the Property

Chad Carroll

Compass Florida, LLC License #3231797 Listed on: 04/08/2023

Compass Florida, LLC

Last Buyer's Agent

Miriam Ramirez

Optimar International Realty License #3036893

Optimar International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $44,763

Year Built

  • Built in 2016 | Remodeled

HOA Fees

  • $6,252 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Home Design

  • Entry on the 20th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,415 Sq Ft Home
  • Furnished
  • Built-In Features
  • Marble Flooring

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Additional Features

  • Ocean Front
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 31-22-02-050-0990

Community Details

Overview

  • High-Rise Condominium
  • Porsche Design Tower Condos
  • 18555 Collins Avenue Cond Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 57-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Clubhouse
  • Billiard Room
  • Business Center
  • Community Center
  • Party Room
  • Bar or Lounge
  • Secure Lobby

Recreation

  • Community Cabanas

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$44,763

Year Built

Built in 2016 | Remodeled

Lot Details

0

HOA Fees

$6,252 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 20
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 18555 COLLINS AVENUE COND
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Other Equipment/Appliances, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Walk-In Closet(s)
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 3415
  • Possible Use: Primary
  • Stories: 57
  • Bedroom Features: Entry Level

Exterior Features

  • View: Ocean View, Direct Ocean, Water View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: Updated/Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Porsche Design Tower
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Assigned, Valet, No Rv/Boats, No Trucks/Trailers

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 6252
  • Amenities: Bar, Billiard Room, Business Center, Cabana, Clubhouse-Clubroom, Community Room, Exercise Room
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 31-22-02-050-0990
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 44763

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2023
Closed on
Jun 8, 2024
Sold by
Sunny Isles 5000 Llc
Bought by
Robert E Davids Family Trust and Davids
Seller's Agent
Chad Carroll
Compass Florida, LLC
Buyer's Agent
Miriam Ramirez
Optimar International Realty
List Price
$6,950,000
Sold Price
$4,950,000
Premium/Discount to List
-$2,000,000
-28.78%
Views
39
Current Estimated Value
$4,652,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$297,196
Avg. Annual Appreciation
-4.45%

Purchase Details

Closed on
Dec 12, 2016
Sold by
18555 Developers Llc
Bought by
Miami Luxuary Homes Llc
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
Robert E Davids Family Trust $4,950,000 None Listed On Document
Robert E Davids Family Trust $4,950,000 None Listed On Document
Miami Luxuary Homes Llc $5,225,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/18/2024 06/18/24 Sold $4,950,000 -4.7% $1,449 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
04/01/2024 04/01/24 Price Changed $5,195,000 -5.5% $1,521 / Sq Ft
01/24/2024 01/24/24 Price Changed $5,500,000 -6.0% $1,611 / Sq Ft
10/14/2023 10/14/23 Price Changed $5,849,000 -2.5% $1,713 / Sq Ft
07/09/2023 07/09/23 Price Changed $5,999,000 -7.6% $1,757 / Sq Ft
04/24/2023 04/24/23 Price Changed $6,495,000 -6.5% $1,902 / Sq Ft
04/08/2023 04/08/23 For Sale $6,950,000 +51.1% $2,035 / Sq Ft
04/11/2022 04/11/22 Sold $4,600,000 -2.1% $1,451 / Sq Ft View Prior Sale
03/03/2022 03/03/22 Pending -- -- --
11/22/2021 11/22/21 For Sale $4,700,000 -- $1,482 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $68,686 $3,263,040 -- --
2024 $69,524 $4,078,800 -- --
2023 $69,524 $3,752,496 $0 $0
2022 $48,684 $2,492,820 $0 $0
2021 $44,763 $2,518,000 $0 $0
2020 $53,113 $2,962,440 $0 $0
2019 $49,311 $2,743,000 $0 $0
2018 $80,158 $4,571,000 $0 $0
2017 $74,318 $4,155,903 $0 $0
2016 $5,108 $185,953 $0 $0
2015 $3,669 $169,049 $0 $0
2014 $4,500 $232,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Chad Carroll

    Compass Florida, LLC

    (614) 668-1478

    25 in this area

    224 Total Sales

    Chad Carroll
    Section Image
  • Miriam Ramirez

    Buyer's Agent in 2024

    Miriam Ramirez

    Optimar International Realty

    (954) 993-7653

    1 in this area

    9 Total Sales

    Miriam Ramirez
    Section Image
  • Patricia Bastidas

    Seller's Agent in 2022

    Patricia Bastidas

    Fortune Christie's International Real Estate

    (305) 725-1063

    1 in this area

    13 Total Sales

    Patricia Bastidas
    Section Image
  • Melissa Barragan

    Buyer's Agent in 2022

    Melissa Barragan

    Dezer Platinum Realty LLC

    (305) 988-4351

    15 in this area

    18 Total Sales

    Melissa Barragan
    Section Image
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About Porsche Design Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11368753

MIAMI REALTORS® MLS

APN: 31-2202-050-0990

Florida Miami/Dade County Sunny Isles Beach 33160

18555 Collins Ave Unit 2005, Sunny Isles Beach, FL

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