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Porsche Design Tower penthouse closes for $25M

Asking $32.5M

The extravagant penthouse that was pending sale at Porsche Design Tower a few weeks ago closed for $25 million, a couple of weeks after one of Miami’s most anticipated projects held its grand opening, which featured a performance by Alicia Keys.

Listed at $32.5 million, the four-level residence overlooking Sunny Isles Beach boasts a car gallery on the 56th floor in addition to two other “sky garages” for regular use.

“Anticipating that our residents view cars as a functional form of art like we do, we wanted to create the ultimate penthouse for collectors to display their particular form of art,” said developer Gil Dezer. “Offering the best of all worlds for automobile enthusiasts and luxury seekers alike, there is no other penthouse like Porsche Design Tower Miami out there. This sale marks yet another major milestone for the Tower since celebrating its official opening less than two weeks ago.”

Douglas Elliman Florida’s Dan Goodstadt represented the buyer.

Porsche Design Tower

18555 Collins Avenue, Sunny Isles Beach, Florida 33160