18555 Collins Ave PH-1, Sunny Isles Beach, FL 33160 — MLS photo

Get More Info About This Property

18555 Collins Ave PH-1, Sunny Isles Beach, FL 33160

Active · Condominium

$47,500,000

18555 Collins Ave PH-1, Sunny Isles Beach, FL 33160

Beds
4
Baths
7
Living area
9,560 sq ft
$ / sq ft
$4,969/sq ft
Year built
2016
Lot size
—
HOA fee
$19,725
Annual tax
—

About this property

Penthouse One at Porsche Design Tower is the pinnacle of opulent living, a mansion in the sky where innovation & design meet timeless sophistication. Encompassing nearly 10,000 SF of interiors & more than 6,500 SF of private terraces, this 3-story residence is crowned by an expansive rooftop retreat. The grand room soars to 22-ft double-height ceilings offering uninterrupted ocean and intracoastal views. Exquisite stone floors, a glass-enclosed wine cellar, theater room, define elegance at every turn. A private 3,328 sf sky garage for 6 cars sets a new standard in luxury living.  At its summit, the rooftop sanctuary, two shimmering pools, summer kitchen, and sweeping panoramas offers an uncompromising resort experience above the shoreline.

Property location

Get Directions

18555 Collins Ave PH-1, Sunny Isles Beach, FL 33160

Loading property location…

Facts & features

Interior

Bedrooms
4
Bathrooms
7
Living area
9,560 sq ft

Exterior & Structure

Property type
Condominium
Year built
2016

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$19,725
County
Miami-Dade
MLS listing ID
A11883561
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$214,766

Cap rate
0.3%
Net yield
0.3%
Cash-on-cash return
-19.4%
Gross yield
3.7%
Mortgage payment
$225,174/mo
Down payment
$11,875,000
Loan amount
$35,625,000
Annual NOI
$124,896

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.