NOT LISTED FOR SALE

Porsche Design Tower 18555 Collins Ave Unit 4803 Sunny Isles Beach, FL 33160

Estimated Value: $3,534,000 - $4,612,000

3 Beds
4.5 Baths
3,130 Sq Ft
$6,171/mo HOA Fee

Last Sold September 09, 2024

Last sale price $4,200,000 $1,342 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $33,728/month

59 Days on Market

Highlights

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

About This Home

As of September 2024

Discover luxury living in this 3-bed, 4.5-bath 3,100 sq ft apartment spanning 3,100 sq ft of sheer opulence. As you enter, you'll be greeted by soaring 21-foot ceilings adorned with floor-to-ceiling windows that offer breathtaking panoramic views of the sunset, downtown Miami, & the tranquil Intracoastal waterway. Indulge in the epitome of modern living with a sprawling balcony, providing ample space for al fresco dining or simply basking in the beauty of Miami's skyline. The sleek & contemporary design features a carbon fiber kitchen, perfect for culinary enthusiasts & entertainers alike. With a 2-car garage & Dezervator car elevator, convenience is key. Elevate your lifestyle with 5-star amenities including concierge service. Welcome home to unparalleled elegance & comfort.

Last Agent to Sell the Property

Melissa Barragan

Dezer Platinum Realty LLC License #3347201 Listed on: 07/11/2024

Dezer Platinum Realty LLC

Last Buyer's Agent

Todd Nepola

Current Capital Realty License #3111957

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $66,996

Year Built

  • Built in 2016

Lot Details

  • Ocean Front
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • End Unit

HOA Fees

  • $6,171 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

  • Split Level Home
  • Entry on the 48th floor

Interior Spaces

  • 3,130 Sq Ft Home
  • Furniture Can Be Negotiated
  • Bar
  • Vaulted Ceiling
  • Thermal Windows
  • Blinds
  • Formal Dining Room
  • Den
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Outdoor Grill

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Accessible Elevator Installed
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 31-22-02-050-0510

Community Details

Overview

  • 132 Units
  • Porsche Design Tower Condos
  • 18555 Collins Avenue Cond,Porsche Design Tower Subdivision
  • Car Wash Area
  • Property has 2 Levels

Amenities

  • Trash Chute
  • Community Kitchen
  • Billiard Room
  • Bar or Lounge
  • Secure Lobby
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Private Guards
  • Secure Elevator
  • Complete Impact Glass
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$66,996

Year Built

Built in 2016

Lot Details

0

HOA Fees

$6,171 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, Split Level
  • Directions: Arrive in style with the exclusive Dezervator car elevator that whisks you & your vehicle directly to your 2car garage within the building, ensuring convenience & privacy at every turn. Located in the exclusive city of Sunny Isles Beach on 185th & Collins
  • Entry Level: 48
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access, Beach Access
  • Unit Levels: 2
  • 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: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Refrigerator, Washer
  • Interior Amenities: Bar, Elevator, Volume Ceilings, Walk-In Closet(s), Den/Library/Office, Utility Room/Laundry
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Unfurnished, Furniture Negotiable
  • Living Area: 3130
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 60
  • Window Features: Complete Impact Glass, Blinds, Impact Glass, Thermal Windows
  • Bedroom Features: Primary Bedroom Upstairs, Sitting Area - Primary Bedroom
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Den/Library/Office, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Bay, Intracoastal View, Other View
  • Exterior Features: East Of Us1, Barbeque, Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Intracoastal Front, 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
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Elevator Secure, Lobby Secured, Private Guards

Condo/Co-op/Association

  • Association Fee: 6171
  • Amenities: Bar, Billiard Room, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, 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: 31-22-02-050-0510
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 66996

Multi Family

  • Number Of Units In Community: 132
  • Number Of Units Total: 132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Sep 5, 2024
Sold by
Acastus Properties Llc
Bought by
Nepola Todd
Seller's Agent
Melissa Barragan
Dezer Platinum Realty LLC
Buyer's Agent
Todd Nepola
Current Capital Realty
List Price
$4,750,000
Sold Price
$4,200,000
Premium/Discount to List
-$550,000
-11.58%
Views
57
Current Estimated Value
$4,153,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,837
Avg. Annual Appreciation
-0.98%
Original Mortgage
$3,360,000
Outstanding Balance
$3,316,262
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$836,901

Purchase Details

Listed on
Aug 20, 2021
Closed on
Nov 15, 2021
Sold by
Cathemares Inc
Bought by
Acastus Properties Llc
Seller's Agent
Joao de Barros
Pinnacle Realty Advisors
Buyer's Agent
Leandro Corrente
True Brokers, LLC
List Price
$3,990,000
Sold Price
$3,900,000
Premium/Discount to List
-$90,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.68%

Purchase Details

Closed on
Dec 13, 2016
Sold by
18555 Developers Llc
Bought by
Cathemares Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,432,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Nepola Todd $4,200,000 Peoples Title
Acastus Properties Llc $3,900,000 Attorney
Cathemares Inc $5,720,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nepola Todd $3,360,000
Previous Owner Cathemares Inc $3,432,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2024 09/09/24 Sold $4,200,000 -11.6% $1,342 / Sq Ft
07/11/2024 07/11/24 For Sale $4,750,000 +21.8% $1,518 / Sq Ft
11/22/2021 11/22/21 Sold $3,900,000 -2.3% $1,246 / Sq Ft View Prior Sale
10/18/2021 10/18/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $3,990,000 0.0% $1,275 / Sq Ft
01/13/2020 01/13/20 Rented $14,000 -11.9% --
01/10/2020 01/10/20 Under Contract -- -- --
09/30/2019 09/30/19 For Rent $15,900 -0.6% --
09/20/2018 09/20/18 Rented $16,000 -17.5% --
05/09/2018 05/09/18 Price Changed $19,400 -28.1% $5 / Sq Ft
11/20/2017 11/20/17 For Rent $27,000 -- --
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 $69,821 $3,599,760 -- --
2024 $66,997 $3,918,222 -- --
2023 $66,997 $3,562,020 $0 $0
2022 $61,649 $3,598,000 $0 $0
2021 $49,972 $2,811,000 $0 $0
2020 $54,912 $3,123,000 $0 $0
2019 $56,142 $3,123,000 $0 $0
2018 $66,630 $3,904,000 $0 $0
2017 $60,711 $3,395,001 $0 $0
2016 $4,918 $179,052 $0 $0
2015 $3,533 $162,775 $0 $0
2014 $4,333 $224,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Barragan

    Seller's Agent in 2024

    Melissa Barragan

    Dezer Platinum Realty LLC

    (305) 988-4351

    15 in this area

    18 Total Sales

    Melissa Barragan
    Section Image

  • T

    Buyer's Agent in 2024

    Todd Nepola

    Current Capital Realty

    (954) 966-8181

    1 in this area

    1 Total Sale

    Todd Nepola
    Section Image
  • Joao de Barros

    Seller's Agent in 2021

    Joao de Barros

    Pinnacle Realty Advisors

    (786) 451-4011

    5 in this area

    14 Total Sales

    Joao de Barros
    Section Image
  • Guilherme Arashiro

    Seller Co-Listing Agent in 2021

    Guilherme Arashiro

    One Sotheby's Int'l Realty

    (954) 522-2831

    1 in this area

    26 Total Sales

    Guilherme Arashiro
    Section Image
  • Leandro Corrente

    Buyer's Agent in 2021

    Leandro Corrente

    True Brokers, LLC

    (786) 333-2250

    4 in this area

    18 Total Sales

    Leandro Corrente
    Section Image
  • Luciene Cofresi

    Seller's Agent in 2020

    Luciene Cofresi

    Fortune International Realty

    (305) 389-4249

    12 in this area

    21 Total Sales

    Luciene Cofresi
    Section Image
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About Porsche Design Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11621758

MIAMI REALTORS® MLS

APN: 31-2202-050-0510

Florida Miami/Dade County Sunny Isles Beach 33160

18555 Collins Ave Unit 4803, Sunny Isles Beach, FL

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