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

The three-bedroom, four-and-a-half bath unit, purchased in December, is priced at $2,166 psf

TRD 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
Turnberry Ocean Club and Jeffrey Soffer (Getty)

Closings begin at newly completed Turnberry Ocean Club in Sunny Isles

Closings begin at newly completed Turnberry Ocean Club in Sunny Isles
Icon unit tops list of most expensive condo sales in Miami-Dade (Google Maps; Icon Brickell)

Condo sales and dollar volume up from last week

Condo sales and dollar volume up from last week
A map of condo sales and Setai in Miami Beach (Credit: Google Maps)

Weekly condo sales volume in Miami drops to $50M

Weekly condo sales volume in Miami drops to $50M
From left: David Koster, Gabriel Markovich, Seth Kaufman and Daniel de la Vega

One Sotheby’s acquires Decorus Realty in Sunny Isles Beach

One Sotheby’s acquires Decorus Realty in Sunny Isles Beach
Ben Nehmadi, Joseph Zichelle, Melissa Barragan, and Adam Gurewicz, with the unit

Turnberry Ocean Colony PH in Sunny Isles Beach sells for $7M

Turnberry Ocean Colony PH in Sunny Isles Beach sells for $7M
Judge gives Regalia developer A year to sell remaining units

Bankruptcy judge gives Regalia developer a year to sell PH and beach house

Bankruptcy judge gives Regalia developer a year to sell PH and beach house
Gil Dezer with a rendering of Porsche Design Tower and Residences by Armani/Casa (Credit: ARX via Madison Global)

Miami judge will rule if ex-Dezer COO is entitled to more than $10M in profits

Miami judge will rule if ex-Dezer COO is entitled to more than $10M in profits
A Sunny Isles Beach landlord said a restaurant refused relief and vacated the property.

RK Centers alleges restaurant refused Covid relief, vacated property

RK Centers alleges restaurant refused Covid relief, vacated property
arrow_forward_ios

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

Loading...