NOT LISTED FOR SALE

Porsche Design Tower 18555 Collins Ave Unit 705 Sunny Isles Beach, FL 33160

Estimated Value: $3,976,873 - $5,625,000

3 Beds
4.5 Baths
3,150 Sq Ft
$3,900/mo HOA Fee

Last Sold June 01, 2022

Last sale price $4,050,000 $1,286 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $34,519/month

233 Days on Market

Highlights

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

About This Home

As of June 2022

Stunning oceanfront residence 4774 sq ft, of direct ocean front which feels like a beach house, Best Price in Porsche Tower, must see this incredible residence 10'ft floor to ceiling windows, endless ocean views, 3bed 4 1/2 bath, over 1000 sq ft balcony & private pool/ jacuzzi, live in the ultimate 5 star luxury residential tower in Sunny isle, Enjoy your 2 car gallery, with a car elevator that takes you steps from your residence, features smart techknowledgy, Europen Pogenpole Kitchens and baths appointed with Italian marble throughout. Enjoy fine dining from private restaurant, with in home dining, bar, movie theatre, car simulator, hair/nail salon , spacious gym & yoga room. This Tower has over 35,000.00 of amenities the best luxury boutique tower on the beach. Call today to schedule

Last Agent to Sell the Property

Michelle Judd

MMLS Assoc.-Inactive Member License #3061037 Listed on: 10/10/2021

MMLS Assoc.-Inactive Member

Co-Listed By

Daniel Goodstadt

Douglas Elliman License #3308663

Last Buyer's Agent

Michelle Judd

MMLS Assoc.-Inactive Member License #3061037 Listed on: 10/10/2021

MMLS Assoc.-Inactive Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $47,246

Year Built

  • Built in 2016

HOA Fees

  • $3,900 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Secured Garage or Parking

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 3,150 Sq Ft Home
  • Fireplace
  • Family Room
  • Combination Dining and Living Room
  • Concrete Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Bathtub
  • Shower Only

Home Security

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Property has ocean access
  • Ocean Front

Listing and Financial Details

  • Assessor Parcel Number 31-22-02-050-0870

Community Details

Overview

  • 132 Units
  • High-Rise Condominium
  • Porsche Design Tower Condos
  • 18555 Collins Avenue Cond Subdivision
  • The community has rules related to no recreational vehicles or boats
  • 55-Story Property

Amenities

  • Doorman
  • Clubhouse
  • Bar or Lounge
  • Bike Room

Recreation

  • Private Beach Pavilion

Pet Policy

  • Pets Allowed

Building Details

Security

  • Complete Impact Glass
  • High Impact Door
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$47,246

Year Built

Built in 2016

Lot Details

0

HOA Fees

$3,900 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: DEOM01
  • Co List Office Phone: 305-695-6300
  • Entry Level: 7
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 18555 COLLINS AVENUE COND
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher
  • Interior Amenities: Cooking Island, Fire Sprinklers, Walk-In Closet(s), Family Room
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Concrete
  • Furnished: Unfurnished
  • Living Area: 3150
  • Possible Use: Primary
  • Stories: 55
  • Window Features: Clear Impact Glass, Complete Impact Glass
  • Bedroom Features: Sitting Area - Master Bedroom, Master Bath Shower, Master Bath Tub
  • Dining Room Features: Breakfast Area, Dining/Living Room, Eat-In Kitchen
  • Living Room Features: Family Room
  • Master Bathroom Features: Dual Sinks

Exterior Features

  • View: Direct Ocean
  • Disclosures: Disclosure
  • Pool Private: Yes
  • 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, No Rv/Boats

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Doorman, Secured Garage/Parking

Condo/Co-op/Association

  • Association Fee: 3900
  • Amenities: Bar, Bike Storage, Clubhouse-Clubroom, Exercise Room, Heated Pool, Pool, Private Beach Pavilion, Private Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 31-22-02-050-0870
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Maintenance Expense: 3900
  • Number Of Units In Community: 132
  • Number Of Units Total: 132

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 47246

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2022
Sold by
Arcpe 9 Llc
Bought by
G Derrick Roberts Living Trust
Current Estimated Value
$4,811,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,232,000
Outstanding Balance
$3,019,730
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,791,988

Purchase Details

Closed on
Oct 27, 2021
Sold by
Oliva Oscar Arturo Altamirano
Bought by
Professional Bank

Purchase Details

Closed on
Mar 4, 2017
Sold by
18555 Developers Llc
Bought by
Pd Tower 705 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage
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
G Derrick Roberts Living Trust $4,040,000 New Title Company Name
G Derrick Roberts Living Trust $4,040,000 New Title Company Name
Professional Bank $200,100 None Available
Professional Bank $200,100 --
Pd Tower 705 Llc $4,000,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open G Derrick Roberts Living Trust $3,232,000
Closed G Derrick Roberts Living Trust $3,232,000
Previous Owner Pd Tower 705 Llc $2,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $4,050,000 0.0% $1,286 / Sq Ft
10/25/2021 10/25/21 For Sale -- -- --
10/18/2021 10/18/21 Off Market $4,050,000 -- --
10/18/2021 10/18/21 For Sale -- -- --
10/11/2021 10/11/21 Off Market $4,050,000 -- --
10/10/2021 10/10/21 For Sale $4,189,000 -- $1,330 / 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 $61,297 $2,912,000 -- --
2024 $62,044 $3,640,000 -- --
2023 $62,044 $3,348,800 $0 $0
2022 $49,895 $2,912,000 $0 $0
2021 $39,821 $2,240,000 $0 $0
2020 $47,246 $2,635,200 $0 $0
2019 $43,864 $2,440,000 $0 $0
2018 $71,319 $4,067,000 $0 $0
2017 $66,120 $3,697,500 $0 $0
2016 $5,079 $184,891 $0 $0
2015 $3,648 $168,083 $0 $0
2014 $4,474 $231,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michelle Judd

    MMLS Assoc.-Inactive Member

    Section Image
  • Daniel Goodstadt

    Seller Co-Listing Agent in 2022

    Daniel Goodstadt

    Douglas Elliman

    (305) 812-4770

    2 in this area

    5 Total Sales

    Daniel Goodstadt
    Section Image
See All Agents

About Porsche Design Tower

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11109342

MIAMI REALTORS® MLS

APN: 31-2202-050-0870

Florida Miami/Dade County Sunny Isles Beach 33160

18555 Collins Ave Unit 705, Sunny Isles Beach, FL

This home is located at 18555 Collins Ave Unit 705, Sunny Isles Beach, FL 33160 since 10 October 2021 and is currently estimated at $4,811,718, approximately $1,527 per square foot. This property was built in 2016. 18555 Collins Ave Unit 705 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.

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