NOT LISTED FOR SALE

Porsche Design Tower 18555 Collins Ave Unit 5003 Sunny Isles Beach, FL 33160

Estimated Value: $4,650,580 - $5,942,000

3 Beds
4.5 Baths
3,130 Sq Ft
$3,500/mo HOA Fee

Last Sold July 10, 2020

Last sale price $3,750,000 $1,198 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $36,579/month

421 Days on Market

Highlights

  • Ocean Front
  • Private Beach Pavilion
  • Marble Flooring
  • Norman S. Edelcup/Sunny Isles Beach K-8 Rated A-
  • Newly Remodeled
  • Furnished

About This Home

As of July 2020

Best priced 2 story Duplex 22 ft high ceilings with panoramic views and dynamic sunsets. Designer Furnished Turn key Ready for move in- Unit Features 3 bed and 4.5 Baths with room for 4th bedroom. As one of only 16 duplex units in entire building it is very rare. Over sized terrace with summer kitchen. The master suite is very large with a sitting area by large panoramic windows with views of bay and city with an over sized walk in closet this unit has it all. With a large master bath with over-sized Jacuzzi tub and dual shower heads in expansive showering area . All Furniture and accessories included. Easy to show

Last Agent to Sell the Property

Gary Gold

Oceanfront Realty License #3034517 Listed on: 05/14/2019

Last Buyer's Agent

Chad Carroll

Compass Florida, LLC License #3231797

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $67,296

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • Ocean Front
  • Property Fronts a Bay or Harbor

HOA Fees

  • $3,500 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

Home Design

  • Entry on the 50th floor

Interior Spaces

  • 3,130 Sq Ft Home
  • Furnished
  • Built-In Features
  • Marble Flooring
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Outdoor Grill
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 31-22-02-050-0770

Community Details

Overview

  • High-Rise Condominium
  • Porsche Design Tower Condos
  • 18555 Collins Avenue Cond Subdivision
  • 59-Story Property

Amenities

  • Secure Lobby

Recreation

  • Private Beach Pavilion

Pet Policy

  • Pets Allowed

Building Details

Security

  • Security Service
  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$67,296

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$3,500 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 50
  • Road Frontage Type: Bay
  • 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
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave
  • Interior Amenities: Built-in Features
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 3130
  • Possible Use: Unknown/Withheld
  • Stories: 59
  • Bedroom Features: Entry Level

Exterior Features

  • View: Bay, Intracoastal View, Direct Ocean
  • Exterior Features: Barbeque
  • Pool Private: No
  • Property Condition: New Construction
  • 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: 2 Or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Elevator Secure, Lobby Secured, Security Patrol

Condo/Co-op/Association

  • Association Fee: 3500
  • Amenities: Pool, Private Beach Pavilion
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 31-22-02-050-0770
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Maintenance Expense: 3500

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 67296

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2019
Closed on
Jul 2, 2020
Sold by
Solid Core Investments Inc
Bought by
Biscayne Enterprises Llc
Seller's Agent
Gary Gold
Oceanfront Realty
Buyer's Agent
Chad Carroll
Compass Florida, LLC
List Price
$3,999,000
Sold Price
$3,750,000
Premium/Discount to List
-$249,000
-6.23%
Current Estimated Value
$5,194,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,444,895
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Dec 7, 2016
Sold by
18555 Developers Llc
Bought by
Solid Core Investments 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 Buyer Sale Price Title Company
Biscayne Enterprises Llc $3,750,000 Attorney
Solid Core Investments Llc $5,200,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1000 Biscayne Enterprises Llc $1,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2020 07/10/20 Sold $3,750,000 -6.2% $1,198 / Sq Ft
07/09/2020 07/09/20 For Sale $3,999,000 +6.6% $1,278 / Sq Ft
07/08/2020 07/08/20 Pending -- -- --
07/01/2020 07/01/20 Off Market $3,750,000 -- --
02/27/2020 02/27/20 Price Changed $3,999,000 -3.6% $1,278 / Sq Ft
01/09/2020 01/09/20 Price Changed $4,150,000 -1.2% $1,326 / Sq Ft
11/05/2019 11/05/19 Price Changed $4,199,000 -2.1% $1,342 / Sq Ft
10/21/2019 10/21/19 Price Changed $4,287,765 -6.8% $1,370 / Sq Ft
07/18/2019 07/18/19 Price Changed $4,599,999 0.0% $1,470 / Sq Ft
07/12/2019 07/12/19 Rented $16,500 -25.0% --
06/21/2019 06/21/19 For Rent $22,000 0.0% --
05/31/2019 05/31/19 Price Changed $4,999,000 -7.4% $1,597 / Sq Ft
05/14/2019 05/14/19 For Sale $5,400,000 0.0% $1,725 / Sq Ft
12/27/2018 12/27/18 Rented $16,500 -7.8% --
09/17/2018 09/17/18 Price Changed $17,900 -18.6% $4 / Sq Ft
09/10/2018 09/10/18 For Rent $21,999 -- --
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 $64,806 $3,634,000 -- --
2024 $62,417 $3,400,838 -- --
2023 $62,417 $3,091,671 $0 $0
2022 $53,583 $2,810,610 $0 $0
2021 $50,470 $2,839,000 $0 $0
2020 $55,457 $3,154,000 $0 $0
2019 $56,700 $3,154,000 $0 $0
2018 $67,296 $3,943,000 $0 $0
2017 $61,318 $3,428,931 $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

  • Gary Gold

    Seller's Agent in 2020

    Gary Gold

    Oceanfront Realty

    (305) 984-7715

    13 Total Sales

    Gary Gold
    Section Image

  • C

    Buyer's Agent in 2020

    Chad Carroll

    Compass Florida, LLC

    (305) 400-9507

    26 in this area

    227 Total Sales

    Chad Carroll
    Section Image
  • Scott Porter

    Buyer's Agent in 2019

    Scott Porter

    Serhant

    (305) 695-6300

    8 Total Sales

    Scott Porter
    Section Image
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About Porsche Design Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10673486

MIAMI REALTORS® MLS

APN: 31-2202-050-0770

Florida Miami/Dade County Sunny Isles Beach 33160

18555 Collins Ave Unit 5003, Sunny Isles Beach, FL

This home is located at 18555 Collins Ave Unit 5003, Sunny Isles Beach, FL 33160 since 14 May 2019 and is currently estimated at $5,194,895, approximately $1,659 per square foot. This property was built in 2016. 18555 Collins Ave Unit 5003 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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