$4,100,000
SOLD OCT 5, 2018
3 Beds
4.5 Baths
3,415 Sq Ft
$2,600/mo HOA Fee

Recently Sold

$1,201 Per Sq Ft

54% Below List Price

332 Days on Market

Highlights

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

About This Home

As of April 2019

AUCTION: Bidding Opens July 27, Bidding Ends July 31 | Previously $8.9M, Selling Without Reserve | Open Daily by Appointment Come home to your 36th floor private escape—without ever leaving your car—in the Porsche Design Tower, a high-rise tower unlike any other. Enter the incredible lobby where a glass elevator is waiting to whisk you, and your car, up to your private garage and luxurious home in the sky. Relish the rare opportunity to live and entertain overlooking the ocean. Opulent materials, bespoke finishes, and pioneering technology cover every inch of your exclusive escape. Walls of glass open to your terrace, where you can swim, cook alfresco meals, and enjoy long, languid, sun-filled days and breezy nights. Exclusivity has never felt this good.

Last Agent to Sell the Property

Marc hameroff

Engel & Voelkers Delray Beach License #3297430 Listed on: 10/09/2017

Engel & Voelkers Delray Beach

Last Buyer's Agent

Marc hameroff

Engel & Voelkers Delray Beach License #3297430 Listed on: 10/09/2017

Engel & Voelkers Delray Beach

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,108

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $2,600 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Property Views

Home Design

  • Entry on the 36th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,415 Sq Ft Home
  • Wet Bar
  • Furnished
  • Built-In Features
  • Vaulted Ceiling
  • Decorative Fireplace
  • Solar Tinted Windows
  • Drapes & Rods
  • Combination Dining and Living Room
  • Video Cameras

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter
  • Disposal

Flooring

  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Location

  • East of U.S. Route 1

Utilities

  • Central Heating and Cooling System
  • Whole House Permanent Generator

Listing and Financial Details

  • Assessor Parcel Number 31-22-02-050-1150

Community Details

Overview

  • 132 Units
  • High-Rise Condominium
  • Porsche Design Tower Condos
  • 18555 Collins Ave,Porsche Design Tower Subdivision
  • Car Wash Area
  • 60-Story Property

Amenities

  • Doorman
  • Trash Chute
  • Clubhouse
  • Community Kitchen
  • Billiard Room
  • Business Center
  • Bar or Lounge
  • Bike Room

Recreation

  • Community Playground
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Private Guards
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,108

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$2,600 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Directions: Sunny Isles Beach, 185th and Collins on the ocean side
  • Entry Level: 36
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • Master Model: 3605
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 18555 COLLINS AVE,PORSCHE DESIGN TOWER
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Built-in Features, Cooking Island, Fire Sprinklers, Pantry, Volume Ceilings, Wet Bar
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Ceramic Floor, Marble
  • Furnished: Furnished
  • Living Area: 3415
  • Other Equipment: Whole House Permanent Generator, Automatic Garage Door Opener
  • Possible Use: Investment
  • Stories: 60
  • Window Features: Complete Impact Glass, Drapes, High Impact Windows, Solar Film/Tinted
  • Bedroom Features: Entry Level, Sitting Area - Primary Bedroom
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Snack Bar/Counter
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Intracoastal View, Ocean View, Direct Ocean
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • Property Condition: Updated/Remodeled, New Construction, Completely Renovated
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PORSCHE DESIGN TOWER
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Covered

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Smoke Detector, Doorman, Private Guards, TV Camera

Condo/Co-op/Association

  • Association Fee: 2600
  • Amenities: Bar, Bike Storage, Billiard Room, Business Center, Clubhouse-Clubroom, Exercise Room, Kitchen Facilities, Exterior Lighting, Child Play Area, Private Pool, Sauna, Spa/Hot Tub, Trash Chute, Vehicle Wash Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 31-22-02-050-1150
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2600
  • Number Of Units In Community: 132
  • Number Of Units Total: 132

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 5108

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2025
Sold by
Legendary Music Group Corp
Bought by
Real Empowerment Trust
Current Estimated Value
$5,309,784

Purchase Details

Closed on
Jul 26, 2024
Sold by
3605 P0442 Llc
Bought by
Legendary Music Group Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2019
Sold by
18555 Developers Llc
Bought by
3605 P0442 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.55%

Purchase Details

Listed on
Oct 9, 2017
Closed on
Oct 4, 2018
Sold by
Ad Royale Llc
Bought by
18555 Developers Llc
Seller's Agent
Marc hameroff
Engel & Voelkers Delray Beach
Buyer's Agent
Marc hameroff
Engel & Voelkers Delray Beach
List Price
$8,990,000
Sold Price
$4,100,000
Premium/Discount to List
-$4,890,000
-54.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.77%

Purchase Details

Closed on
Feb 28, 2017
Sold by
18555 Developers Llc
Bought by
Ad Royale 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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- --
Deed $3,750,000 --
Warranty Deed $4,100,000 Attorney
Special Warranty Deed $6,700,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,800,000 New Conventional
Previous Owner -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2019 04/16/19 Pending -- -- --
04/15/2019 04/15/19 Sold $6,250,000 -19.9% $1,971 / Sq Ft
04/03/2019 04/03/19 For Sale $7,800,000 +90.2% $2,460 / Sq Ft
10/05/2018 10/05/18 Sold $4,100,000 -54.4% $1,201 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
10/03/2017 10/03/17 For Sale $8,990,000 -- $2,633 / 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 $71,796 $3,825,600 -- --
2024 $68,990 $3,929,112 -- --
2023 $68,990 $3,571,920 $0 $0
2022 $60,500 $3,247,200 $0 $0
2021 $52,479 $2,952,000 $0 $0
2020 $62,272 $3,473,280 $0 $0
2019 $57,814 $3,216,000 $0 $0
2018 $93,993 $5,360,000 $0 $0
2017 $87,143 $4,873,131 $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

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10349846

MIAMI REALTORS® MLS

APN: 31-2202-050-1150