Home » Sunny Isles Beach » Porsche Design Tower at 18555 Collins Ave Sunny Isles Beach » 18555 Collins Ave 2005, Sunny Isles Beach, FL 33160 | A11368753

Sold 18555 Collins Ave 2005, Sunny Isles Beach, FL 33160

$5,195,000
closed for a price of $4,950,000

Property Highlights

Listing ID A11368753 Status of this Listing: Closed Sold Property Type Residential Condominium 3 Bedrooms 5 Bathrooms Total 4 Full Bath 1 Half Bath Living Space 3,415 Sqft/317.26 m2 approx. Building Area 4,749 Sqft/441.20 m2 approx. Year Built 2016 Waterfront Has view of the Ocean Lease Term Minimum Duration: 180 What it means?Refers to a regulation set by the property association, stipulating that each rental agreement for the property must be for a duration of at least 180 days. This rule ensures that every time the property is rented out, the lease term cannot be shorter than the specified minimum period. Time of this property from published date until Closing Date 437 Days

18555 Collins Ave 2005, Sunny Isles Beach, FL 33160

Property Description: Drive up to your one-of-a-kind mansion in the sky in the ultra-exclusive Porsche Design Tower. Located in the heart of Sunny Isles Beach, this extravagant 3 bedroom, 4.5 bathroom unit features $1,000,000 in renovations, which include doors made of shagreen, marble flooring, a Poggenpohl kitchen, and your very own private garage, allowing you to park directly inside your unit. The entire home is monitored by a smart system, controlling everything from music to lights & more. Enjoy endless ocean views from the master bedroom, or while lounging by your private pool on the expansive balcony. This unit comes fully furnished from Restoration Hardware and is move-in ready. The building offers 5-star amenities, ranging from a restaurant & bar to a world-class gym complete with a sauna, and more.

Useful Info

Contingency:No Contingencies
Previous Asking Price:$5,500,000
Original List Price:$6,950,000
Close Price:$4,950,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • High Rise
Property Condition:
  • Updated/remodeled
Entry Level (floor):20
Entry Level Location:20
Construction Materials:
  • Block
Flooring:
  • Marble
Number of stories:57

Property Features

Has View:Yes
View from the Property:
  • Ocean
  • Water
Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Ocean Front
Security:
  • Smoke Detector(s)
  • Door Man
  • Security Guard
  • Lobby Secured
Appliances:
  • Dryer
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
  • Other
Interior Features:
  • First Floor Entry
  • Walk-in Closet(s)
  • Closet Cabinetry
  • Bedroom On Main Level
  • Built-in Features
  • Bar
Exterior Features:
  • Security/high Impact Doors
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric

Taxes and Expenses

Tax Annual Amount:$44,763

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022
Association Fee:$6,252
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects City & County Tax

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Pets Allowed?:
  • Yes
  • Conditional
Amenities Provided by the Homeowner's Association (HOA):
  • Business Center
  • Billiard Room
  • Cabana
  • Clubhouse
  • Fitness Center
Subdivision Name:18555 COLLINS AVENUE COND
Association Fee Includes:
  • Roof
  • Sewer
  • Water
  • Trash
  • Cable Tv
  • Pool(s)
  • Security
  • Maintenance Structure
  • Common Areas
  • Insurance
  • Parking
  • Internet
  • Recreation Facilities
  • Amenities
Complex Name:Porsche Design Tower
Senior Community:No
Restrictions: No Recreational Vehicles RV, No Truck, OK To Lease

Parking

Garage:Yes
Garage Spaces:2
Covered Spaces:2
Attached Garage:Yes
Parking Features:
  • Garage
  • Two Or More Spaces
  • Attached
  • Assigned
  • Valet

Utilities

Utilities Available:
  • Cable Available

More Details

Other Information:
Unit ViewOcean View,Direct Ocean,Water View
Housing Older Persons ActNo HOPA
Water AccessDeeded Beach Access
Unit DesignEast Of Us1,High Rise,Substantially Remodeled
Type of AssociationCondo
Type of Governing BodiesCondominium
Tax InformationTax Reflects City & County Tax
Flood ZoneX
Homeowner's Association Application Fee150
Style Condo 5+ Stories
FEMA Flood Zone DesignationsX
Municipal Code31
Subdivision Number50
Minimum Number of Days for Lease180
Number of times allowed to lease per year2
Buyer Country of ResidenceUnknown/Withheld
Water Access Description:Deeded Beach Access

Zoning and Legal

Tax Legal Description:18555 COLLINS AVENUE CONDO UNIT 2005 UNDIV 0.6446% INT IN COMMON ELEMENTS OFF REC 28399-2439
Real Estate Folio Number (Parcel Number):31-22-02-050-0990
Public Survey Township:31
Public Survey Range:22
Public Survey Section:20

Listing History

Update/EventDate/Days
Published Date:April 8, 2023 11:36 am
On Market Date:April 8, 2023
Close Date:June 18, 2024
Price Change Date Time:April 1, 2024 4:59 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:June 19, 2024 10:00 am
Status Last Changed:June 19, 2024 10:00 am
Photos Last Modified:April 8, 2023 3:45 pm
Last Modified:June 19, 2024 2:00 pm
Days on the Market Reference Date:June 19, 2024
Days on the Market (updated on Last Modified*):409
Cumulative Days on the Market (updated on Last Modified**):593

Additional Information

Unit Location:East Of Us1,High Rise,Substantially Remodeled
Number of Photos:44
Location:,,
Included:,,
Area:22
Courtesy of:Compass Florida, LLC
Universal Property Id:US-12025-N-3122020500990-R-N

Location

Show Property Address:Yes
Street Name:Collins Ave
Street Number:18555
Street Address:18555 Collins Ave 2005
Unit Number:2005
City : Sunny Isles Beach
State : Florida
Zip Code : 33160
County : Miami-Dade County
Full Address:18555 Collins Ave 2005, Sunny Isles Beach, FL 33160
Latitude:N25° 56' 53.4''
Longitude:W81° 52' 48.2''

Neighborhood

Postal City:Sunny Isles Beach

Property Map

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