$6,250,000
SOLD APR 15, 2019

Porsche Design Tower 18555 Collins Ave Unit 3605 Sunny Isles Beach, FL 33160

3 Beds
4.5 Baths
3,171 Sq Ft
$3,440/mo HOA Fee

Recently Sold

$1,971 Per Sq Ft

20% Below List Price

12 Days on Market

Highlights

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

About This Home

As of April 2019

THE MOST BEAUTIFULLY FINISHED UNIT AT THE PORSCHE DESIGN TOWER! This 3 bedroom custom designer finished mansion in the sky was designed by Steven G with high end finishes all throughout. Featuring a gorgeously finished 2 car garage in the living room and a heated salt water pool on the balcony. Enjoy living in the only building you can drive into your apartment with your car. Residence includes Miele appliances, private elevator, private restaurant with in room dining, building concierge, car concierge, full beach service, two pools, spa, car simulator, sports simulator, movie theatre, salon, and party room. Enjoy five star resort like living in one of the most technologically advanced, private, and secure building in the world!

Last Agent to Sell the Property

Melissa Barragan

Dezer Platinum Realty LLC License #3347201 Listed on: 04/04/2019

Dezer Platinum Realty LLC

Last Buyer's Agent

Rafael Zuzolo

Miami Business Brokers License #3239358

Miami Business Brokers

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $93,993

Year Built

  • Built in 2016 | Newly Remodeled

HOA Fees

  • $3,440 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

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

Interior Spaces

  • 3,171 Sq Ft Home
  • Furnished
  • Decorative Fireplace
  • Solar Tinted Windows
  • Blinds
  • Open Floorplan
  • Den
  • Marble Flooring

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Free-Standing Freezer
  • Ice Maker
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

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

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access
  • Exterior Lighting

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Ocean Front

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 Avenue Cond,Porsche Design Tower Subdivision
  • 56-Story Property

Amenities

  • Trash Chute
  • Clubhouse
  • Community Kitchen
  • Bar or Lounge
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Building Details

Security

  • Private Guards
  • Card or Code Access
  • Secure Elevator
  • Complete Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$93,993

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$3,440 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 36
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 18555 COLLINS AVENUE COND,Porsche Design Tower
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Free-Standing Freezer, Ice Maker, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Cooking Island, Elevator, Den/Library/Office, Family Room, Utility Room/Laundry
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Fireplace, Decorative
  • Fireplace: Yes
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 3171
  • Possible Use: Investment
  • Stories: 56
  • Window Features: Complete Impact Glass, Blinds, Solar Film/Tinted
  • Bedroom Features: Entry Level, Sitting Area - Primary Bedroom
  • Dining Room Features: Dining/Living Room, Family/Dining Combination
  • Living Room Features: Den/Library/Office, Family Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Ocean View, Direct Ocean, Skyline
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Porsche Design Tower
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Smoke Detector, Elevator Secure, Card Entry, Private Guards

Condo/Co-op/Association

  • Association Fee: 3440
  • Amenities: Bar, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, Exterior Lighting, Pool, Private Pool, Sauna, Spa/Hot Tub, Trash Chute
  • 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: Maximum 20 Lbs

Multi Family

  • Maintenance Expense: 3440
  • Number Of Units In Community: 132
  • Number Of Units Total: 132

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 93993

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
Not Available
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

  • Melissa Barragan

    Seller's Agent in 2019

    Melissa Barragan

    Dezer Platinum Realty LLC

    (305) 988-4351

    14 in this area

    17 Total Sales

    Melissa Barragan
    Section Image
  • Rafael Zuzolo

    Buyer's Agent in 2019

    Rafael Zuzolo

    Miami Business Brokers

    (786) 499-4095

    62 Total Sales

    Rafael Zuzolo
    Section Image
  • Loredana Caruana

    Buyer Co-Listing Agent in 2019

    Loredana Caruana

    Realty One Group Evolution

    (786) 499-6931

    31 Total Sales

    Loredana Caruana
    Section Image

  • M

    Seller's Agent in 2018

    Marc hameroff

    Engel & Voelkers Delray Beach

    Section Image
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About Porsche Design Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10650977

MIAMI REALTORS® MLS

APN: 31-2202-050-1150

Florida Miami/Dade County Sunny Isles Beach 33160

18555 Collins Ave Unit 3605, Sunny Isles Beach, FL

This home is located at 18555 Collins Ave Unit 3605, Sunny Isles Beach, FL 33160 and is currently priced at $6,250,000, approximately $1,970 per square foot. This property was built in 2016. 18555 Collins Ave Unit 3605 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.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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