NOT LISTED FOR SALE

Porsche Design Tower 18555 Collins Ave Unit 5501 Sunny Isles Beach, FL 33160

Estimated Value: $6,047,821 - $6,403,000

4 Beds
4.5 Baths
4,154 Sq Ft
$6,681/mo HOA Fee

Last Sold August 31, 2023

Last sale price $5,800,000 $1,396 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $49,532/month

266 Days on Market

Highlights

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

About This Home

As of August 2023

Spectacular Residence at the famed Porsche Design Tower. The only building in the world where residents can park their cars automatically inside their residence in the sky. This exquisite apartment is one of the largest floor plan with the bigger living room with the garage in the level below. Marble floors and Carbon Fiber Kitchen Cabinets. Private plunge pool in your balcony and infinite and gorgeous views of the ocean and the intracoastal. The building offer so many amenities such as restaurant, pool and beachside service, sunset pools, spa, yoga room, fitness center with state of the art equipment, lounge bar, movie theater and much more!

Last Agent to Sell the Property

Mauricio Di Chiara

Astor Realty, LLC License #3061477 Listed on: 11/15/2022

Last Buyer's Agent

Ryan Farbstein

Douglas Elliman License #3468518

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $69,260

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • Ocean Front
  • East Facing Home

HOA Fees

  • $6,681 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Secured Garage or Parking

Interior Spaces

  • 4,154 Sq Ft Home
  • Decorative Fireplace
  • Blinds
  • Marble Flooring

Kitchen

  • Built-In Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Bathtub
  • Shower Only in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access
  • Outdoor Grill

Schools

  • Norman S. Edelcup K-8 Elementary And Middle School
  • Alonzo And Tracy Mourning Sr. High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 31-22-02-050-0440

Community Details

Overview

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

Amenities

  • Doorman
  • Valet Parking
  • Trash Chute
  • Billiard Room
  • Community Center
  • Party Room
  • Bar or Lounge
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Secure Elevator
  • Complete Impact Glass
  • High Impact Door
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$69,260

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$6,681 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 55
  • 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, Disposal, Dryer, Electric Water Heater, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: Lobby, Closet Cabinetry, Cooking Island, Elevator, Fire Sprinklers, Walk-In Closet(s), Utility Room/Laundry
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: High Impact Doors
  • Fireplace Features: Fireplace, Decorative
  • Fireplace: Yes
  • Flooring: Marble
  • Furnished: Partially, Unfurnished
  • Living Area: 4154
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 60
  • Window Features: Clear Impact Glass, Complete Impact Glass, Blinds, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub
  • Living Room Features: Utility Room/Laundry
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Ocean View
  • Exterior Features: East Of Us1, Barbeque, Open Balcony
  • Direction Faces: East
  • 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

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

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry
  • Security: Fire Sprinklers, Fire Alarm, Smoke Detector, Doorman, Elevator Secure, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 6681
  • Amenities: Bar, Billiard Room, Community Room, Elevator(s), Exercise Room, Heated Pool, Exterior Lighting, Other, Pool, Private Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Norman S. Edelcup K-8
  • High School: Alonzo and Tracy Mourning Sr. High
  • Middle Or Junior School: Norman S. Edelcup K-8

Lot Info

  • Parcel Number: 31-22-02-050-0440
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 69260

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2022
Closed on
Aug 31, 2023
Sold by
Morton Alexander M and Morton Luna H
Bought by
Morton Alexander M and Morton Luna H
Seller's Agent
Mauricio Di Chiara
Astor Realty, LLC
Buyer's Agent
Ryan Farbstein
Douglas Elliman
List Price
$6,590,000
Sold Price
$5,800,000
Premium/Discount to List
-$790,000
-11.99%
Views
33
Current Estimated Value
$6,250,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,940
Avg. Annual Appreciation
5.84%
Original Mortgage
$4,000,000
Outstanding Balance
$3,915,690
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$2,585,367

Purchase Details

Listed on
Nov 15, 2022
Closed on
Aug 30, 2023
Sold by
55 High View Llc
Bought by
Morton Alexander M
Seller's Agent
Mauricio Di Chiara
Astor Realty, LLC
Buyer's Agent
Ryan Farbstein
Douglas Elliman
List Price
$6,590,000
Sold Price
$5,800,000
Premium/Discount to List
-$790,000
-11.99%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Outstanding Balance
$3,915,690
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$2,585,367

Purchase Details

Closed on
Dec 8, 2016
Sold by
18555 Developers Llc
Bought by
55 High View Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.47%
Mortgage Type
Unknown
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
Morton Alexander M -- None Listed On Document
Morton Alexander M -- None Listed On Document
Morton Alexander M $5,800,000 None Listed On Document
55 High View Llc $6,350,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morton Alexander M $4,000,000
Previous Owner 55 High View Llc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $5,800,000 -6.3% $1,396 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
07/06/2023 07/06/23 Price Changed $6,190,000 -1.6% $1,490 / Sq Ft
06/22/2023 06/22/23 Price Changed $6,290,000 -1.5% $1,514 / Sq Ft
06/13/2023 06/13/23 Price Changed $6,389,000 0.0% $1,538 / Sq Ft
03/02/2023 03/02/23 Price Changed $6,390,000 -3.0% $1,538 / Sq Ft
11/15/2022 11/15/22 For Sale $6,590,000 0.0% $1,586 / Sq Ft
07/01/2018 07/01/18 Rented $18,000 -9.5% --
06/19/2018 06/19/18 Under Contract -- -- --
06/19/2018 06/19/18 For Rent $19,900 0.0% --
05/15/2018 05/15/18 For Rent $19,900 -9.5% --
09/21/2017 09/21/17 Rented $22,000 -11.6% --
08/03/2017 08/03/17 Price Changed $24,900 -7.4% $4 / Sq Ft
07/11/2017 07/11/17 Price Changed $26,900 -3.6% $5 / Sq Ft
06/25/2017 06/25/17 Price Changed $27,900 -5.4% $5 / Sq Ft
05/04/2017 05/04/17 For Rent $29,500 -- --
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 $106,280 $5,206,822 -- --
2024 $88,146 $6,311,300 -- --
2023 $88,146 $4,433,231 $0 $0
2022 $73,303 $4,030,210 $0 $0
2021 $69,260 $3,896,000 $0 $0
2020 $72,989 $4,100,760 $0 $0
2019 $68,259 $3,797,000 $0 $0
2018 $165,484 $9,437,000 $0 $0
2017 $153,408 $8,578,722 $0 $0
2016 $6,690 $243,564 $0 $0
2015 $4,805 $221,422 $0 $0
2014 $5,894 $304,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mauricio Di Chiara

    Astor Realty, LLC

    (305) 266-8526

    1 Total Sale

    Mauricio Di Chiara
    Section Image
  • Ryan Farbstein

    Buyer's Agent in 2023

    Ryan Farbstein

    Douglas Elliman

    (305) 677-5000

    16 Total Sales

    Ryan Farbstein
    Section Image
  • Luciene Cofresi

    Seller's Agent in 2018

    Luciene Cofresi

    Fortune International Realty

    (305) 389-4249

    20 Total Sales

    Luciene Cofresi
    Section Image

  • E

    Seller Co-Listing Agent in 2018

    Eduardo Cofresi

    Fortune International Realty

    4 Total Sales

    Eduardo Cofresi
    Section Image

  • L

    Buyer's Agent in 2017

    Lina Guerrero

    TBT Real Estate, LLC

    (305) 932-1000

    Lina Guerrero
    Section Image
See All Agents

About Porsche Design Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11294968

MIAMI REALTORS® MLS

APN: 31-2202-050-0440

Florida Miami/Dade County Sunny Isles Beach 33160

18555 Collins Ave Unit 5501, Sunny Isles Beach, FL

This home is located at 18555 Collins Ave Unit 5501, Sunny Isles Beach, FL 33160 since 15 November 2022 and is currently estimated at $6,250,940, approximately $1,504 per square foot. This property was built in 2016. 18555 Collins Ave Unit 5501 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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