Published by Peter Zalewski
3/6/2024 
8:20:33 PM 
A foreclosed condo in the pricey Porsche Design Tower in the barrier island city Sunny Isles Beach has been listed for sale by the lender, according to an analysis by CondoVulturesRealty.com.
The three-bedroom unit with nearly 3,530 square feet of living area has an asking price of nearly $4 million or about $1,132 per square foot, according to the analysis.
The property was originally purchased for about $5 million or about $1,417 per square foot in 2021, according to the Miami-Dade Property Appraiser’s website.
The Porsche Design Tower unit is one of the distressed condos listed for sale in a municipality situated between the Atlantic Ocean and Intracoastal Waterway, and stretching 2.5-miles long from Haulover Park north to the town limits of Golden Beach.
We have crunched the statistics for the Year 2023 and will be publishing a series of reports during the next weeks on CondoVultures.com looking at the winners and losers in the northern portion of the barrier island in Miami-Dade County.
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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
Copyright © 2024 Condo Vultures®, LLC. All Rights Reserved.
Condo Market Inventory Tracker
A Snapshot Of Downtown West Palm Beach And The Island
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 344 | 8.2 |
| Luxury Condos | 153 | 9.6 |
| Shortsales | 0 | NA |
| REOs | 0 | NA |
| Rentals | 365 | 5.2 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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