NOT LISTED FOR SALE

Porsche Design Tower 18555 Collins Ave Unit 5205 Sunny Isles Beach, FL 33160

Estimated Value: $5,064,000 - $21,623,909

5 Beds
5.5 Baths
6,121 Sq Ft
$7,418/mo HOA Fee

Last Sold July 20, 2021

Last sale price $16,600,000 $2,712 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $96,220/month

353 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Fitness Center
  • Norman S. Edelcup/Sunny Isles Beach K-8 Rated A-
  • Private Beach Pavilion
  • Home Theater

About This Home

As of July 2021

The finest residence at Porsche Design Tower! 5 bed /5.5 bath Trophy Mansion-in-the-Sky with interiors by Artefacto features 6,684SqFt & a 1,128SqFt, 4-car Sky Garage With Private Car Elevator so you can safely get into your 52nd floor Penthouse in complete privacy. Dramatic 21 ft ceilings, glass wine cellar, unobstructed ocean forever views, 3 living areas, private plunge pool, outdoor kitchen & 2 terraces complete the package. High tech upgrades include custom secured foyer entrance, Savant/Sonos AV system & electric shades. Porsche Design amenities include racing car & golf simulators, full-service restaurant, bar, room service, spa, pool & 200 ft on the ocean with beach service.

Last Agent to Sell the Property

Alex Miranda

Compass Florida, LLC License #3203583 Listed on: 07/06/2020

Compass Florida, LLC

Co-Listed By

Joe Padula

Compass Florida, LLC License #3224826

Last Buyer's Agent

Enrique Tettamanti

Dezer Platinum Realty LLC License #3260157

Dezer Platinum Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $115,269

Year Built

  • Built in 2016

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $7,418 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Guest Parking

Property Views

Home Design

  • Entry on the 52nd floor

Interior Spaces

  • 6,121 Sq Ft Home
  • Furnished
  • Built-In Features
  • Family Room
  • Combination Dining and Living Room
  • Home Theater
  • Den
  • Storage Room
  • Laundry in Utility Room
  • Marble Flooring

Kitchen

  • Breakfast Area or Nook
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • Bidet
  • Dual Sinks

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 31-22-02-050-1280

Community Details

Overview

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

Amenities

  • Doorman
  • Billiard Room

Recreation

  • Private Beach Pavilion
  • Community Spa

Pet Policy

  • No Pets Allowed

Building Details

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$115,269

Year Built

Built in 2016

Lot Details

0

HOA Fees

$7,418 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: COMP01
  • Co List Office Phone: 305-851-2820
  • Directions: Collins Ave and 185th Street. Porsche Design Tower is located on the East side.
  • Entry Level: 52
  • 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: Resale
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher
  • Interior Amenities: First Floor Entry, Built-in Features, Cooking Island, Den/Library/Office, Family Room, Media Room, Storage, Utility Room/Laundry
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Marble
  • Furnished: Furnished
  • Living Area: 6121
  • Possible Use: Unknown/Withheld
  • Stories: 60
  • Bedroom Features: Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Dining/Living Room
  • Living Room Features: Den/Library/Office, Family Room, Media Room, Storage Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks

Exterior Features

  • View: Intracoastal View, Direct Ocean, Water View
  • Exterior Features: Open Balcony
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Porsche Design Tower
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Parking Features: 2 Or More Spaces, Guest

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Doorman, Guard At Site

Condo/Co-op/Association

  • Association Fee: 7418
  • Amenities: Billiard Room, Exercise Room, Pool, Private Beach Pavilion, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 31-22-02-050-1280
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Multi Family

  • Maintenance Expense: 7418
  • Number Of Units In Community: 132
  • Number Of Units Total: 132

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 115269

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Jul 20, 2021
Sold by
Sbh Collins Ave Llc
Bought by
Ruby Bay Llc
Seller's Agent
Alex Miranda
Compass Florida, LLC
Buyer's Agent
Enrique Tettamanti
Dezer Platinum Realty LLC
List Price
$17,500,000
Sold Price
$16,600,000
Premium/Discount to List
-$900,000
-5.14%
Current Estimated Value
$13,343,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,256,045
Avg. Annual Appreciation
-5.08%

Purchase Details

Listed on
Dec 4, 2018
Closed on
May 2, 2019
Sold by
Fred And Ivan Leist Special Ii Llc
Bought by
Sbh Collins Ave Llc
Seller's Agent
Ian Reisner
Dezer Platinum Realty LLC
Buyer's Agent
Alex Miranda
Compass Florida, LLC
List Price
$13,975,000
Sold Price
$10,000,000
Premium/Discount to List
-$3,975,000
-28.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.78%
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
Ruby Bay Llc $16,600,000 Attorney
Ruby Bay Llc $16,600,000 None Listed On Document
Sbh Collins Ave Llc $100,000 Express Title Svcs Group Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2021 07/20/21 Sold $16,600,000 -2.3% $2,712 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
08/05/2020 08/05/20 Price Changed $16,995,000 -2.9% $2,777 / Sq Ft
07/06/2020 07/06/20 For Sale $17,500,000 +75.0% $2,859 / Sq Ft
05/06/2019 05/06/19 Sold $10,000,000 -28.4% $1,634 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
12/01/2018 12/01/18 For Sale $13,975,000 -- $2,283 / 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 $216,666 $10,614,780 -- --
2024 $208,216 $12,866,400 -- --
2023 $208,216 $11,794,200 $0 $0
2022 $183,714 $10,722,000 $0 $0
2021 $119,126 $6,701,000 $0 $0
2020 $126,455 $7,053,200 $0 $0
2019 $115,269 $6,412,000 $0 $0
2018 $160,631 $9,160,000 $0 $0
2017 $148,910 $8,327,205 $0 $0
2016 $9,691 $352,788 $0 $0
2015 $6,960 $320,717 $0 $0
2014 $8,537 $441,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alex Miranda

    Seller's Agent in 2021

    Alex Miranda

    Compass Florida, LLC

    (305) 763-9215

    4 in this area

    151 Total Sales

    Alex Miranda
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Joe Padula

    Compass Florida, LLC

    (305) 851-2820

    2 in this area

    30 Total Sales

    Joe Padula
    Section Image

  • E

    Buyer's Agent in 2021

    Enrique Tettamanti

    Dezer Platinum Realty LLC

    (305) 466-7211

    22 in this area

    24 Total Sales

    Enrique Tettamanti
    Section Image
  • Ian Reisner

    Seller's Agent in 2019

    Ian Reisner

    Dezer Platinum Realty LLC

    (305) 778-8091

    13 in this area

    16 Total Sales

    Ian Reisner
    Section Image

  • M

    Seller Co-Listing Agent in 2019

    Michelle Judd

    MMLS Assoc.-Inactive Member

    Section Image
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About Porsche Design Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10887693

MIAMI REALTORS® MLS

APN: 31-2202-050-1280

Florida Miami/Dade County Sunny Isles Beach 33160

18555 Collins Ave Unit 5205, Sunny Isles Beach, FL

This home is located at 18555 Collins Ave Unit 5205, Sunny Isles Beach, FL 33160 since 06 July 2020 and is currently estimated at $13,343,955, approximately $2,180 per square foot. This property was built in 2016. 18555 Collins Ave Unit 5205 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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