Porsche Design Tower buyer seeks to flip $7M unit for $10M

Miami /
Feb.February 21, 2017 06:00 PM

Two months after paying $7 million for a condo at Porsche Design Tower in Sunny Isles Beach, the new owner is seeking to flip it for $10 million. That’s up 43 percent from its purchase price.

Records show PBM Properties of Gaithersburg, Maryland, linked to Jacqueline M. Perry, bought unit 3905 at 18555 Collins Avenue on Dec. 12, 2016.

The three-bedroom, four-and-a-half bath unit has 4,616 square feet and hit the market on Monday, according to Realtor.com. The price equates to $2,166 per square foot.

Daniel Piquet of Piquet Realty has the listing. He did not immediately return a message left at his office. The listing says the owner is “super motivate [sic]” to sell.

Dezer Development, led by Gil Dezer, completed Porsche Design Tower toward the end of last year. The 132-unit, 60-story building is known for its “Dezervator,” a patented car elevator that takes residents up to their units, in their cars. Amenities include balcony plunge pools, and racing and gold simulators.

Records have revealed other buyers at the tower, including Andrea Romanello Ferdinand — the daughter of an alleged mobster — and her husband Brian Ferdinand, who paid $5.2 million for unit 1505;  Russian Chingiz Askerov, who owns commercial and residential real estate in Moscow like the Domodedova Shopping Mall and paid $5 million for unit 1605; Mexican billionaire Carlos Peralta Quintero, who paid $6.54 million for unit 1101; Colorado Rockies player Carlos “CarGo” Gonzalez, Brazilian media mogul Edir Macedo, known as “the Bishop” and Russian businessman Igor Yakovlev. The tower has an estimated $840 million sellout. At least 100 unit closings have been recorded in Miami-Dade County records so far.


Related Articles

arrow_forward_ios
$10M closing of Mansions at Acqualina tower suite tops weekly condo sales
$10M closing of Mansions at Acqualina tower suite tops weekly condo sales
$10M closing of Mansions at Acqualina tower suite tops weekly condo sales
A unit at Jade Ocean was the most expensive condo sold last week (Jade Ocean, Redfin)
Jade Ocean unit closing tops Miami’s weekly condo sales
Jade Ocean unit closing tops Miami’s weekly condo sales
A unit at Turnberry Ocean Club was the most expensive condo sold last week (Turnberry Ocean Club)
$11M closing at Turnberry Ocean Club leads weekly condo sales in Miami-Dade
$11M closing at Turnberry Ocean Club leads weekly condo sales in Miami-Dade
Infinity project (Kobi Karp)
GPI Real Estate wins $6M settlement over failed Sunny Isles Beach project
GPI Real Estate wins $6M settlement over failed Sunny Isles Beach project
Federal prosecutors allege Naman Wakil laundered ill-gotten Venezuelan contracts with Miami area condo purchases (Getty)
Miami man charged in Venezuelan money laundering scheme, allegedly using proceeds to buy condos
Miami man charged in Venezuelan money laundering scheme, allegedly using proceeds to buy condos
The highest sale last week was a $17 million penthouse at Porche Design Tower (Porche)
Weekly condo sales dollar volume rises, led by $17M closing at Porsche Design Tower
Weekly condo sales dollar volume rises, led by $17M closing at Porsche Design Tower
DLocal founder Andres Bzurovski with the Porsche Design Tower penthouse (DLocal)
Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
The Penthouse at Mansions at Acqualina has two grand salons and a covered terrace with a pool.
Developer sells Mansions at Acqualina penthouse in Sunny Isles Beach for $27M
Developer sells Mansions at Acqualina penthouse in Sunny Isles Beach for $27M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...