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5500 Island Estates Dr # 1506, Aventura FL 33160

Penthouse For Sale
$5,630,000

BTC: 86.37618902

ETH: 2,959.04637766

+$80K (2026/07/31)
166 days
Waterfront
5 bds
6 ba
4,417 sqft

Overview

Crowning Aventura’s most exclusive private island enclave, THIS IS THE ONLY DESIGNER-READY PH AVAILABLE FOR SALE AT PRIVE at Island Estates; an exceptionally rare offering and the final opportunity to secure a customizable 2 story sky estate within this ultra-private waterfront sanctuary. Reserved for the most discerning buyer this residence presents a blank architectural canvas poised to become a bespoke legacy home in one of South Florida’s most secure and prestigious addresses.This extraordinary PH is delivered in designer-ready condition, allowing a visionary owner to curate every finish and detail to exact standards. A dramatic 15 foot ceilings in both levels creates a remarkable volume and architectural drama throughout. Floor-to-ceiling glass frame unobstructed views of the Atlantic Ocean,Intracoastal Waterway and the city skyline, filling the interiors with natural light and breathtaking views from sunrise to sunset.The expansive wraparound terrace with over 3,200 SF transforms outdoor living into a private resort experience. A 24-foot private pool overlooks the water complemented by a summer kitchen designed for effortless al fresco dining and entertaining. The seamless indoor-outdoor flow offers an exceptional setting for hosting at scale while preserving absolute privacy.Designed for those who value privacy, security, and the ability to shape a legacy home from a blank canvas, this is one of the last remaining opportunities in Aventura—featuring refined renderings and bespoke interior concepts by acclaimed designer Fanny Haim & Associates.

Location

Details

Type:
Residential
Parking:
Detached Carport / 2 Or More Spaces / Assigned / Covered / No Trucks/Trailers
Year Built:
2017
Lot:
No Data
Heating:
Central / Electric / Heat Pump/Reverse Cycle
Price/sqft:
$1,275
Cooling:
Central Air / Electric
HOA:
$9,856

Valuation

Our model vs. what's actually selling nearby.
Estimate
$5,630,000
$4.0M – $6.1M
Confidence Low
List vs. estimate
At estimate
List $5,630,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$1,274
+182.3% vs. city median $451
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $815K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$71,953
2025
HOA
$9,856/mo
View
Bay, Intracoastal View
Waterfront
Yes
Garage
3 car garage
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Concrete

    • Tile

    Heating

    • Central

    • Electric

    • Heat Pump/Reverse Cycle

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Ice Maker

    • Microwave

    • Refrigerator

    • Self Cleaning Oven

    • Washer

    Other interior features

    • First Floor Entry

    • Second Floor Entry

    • Cooking Island

    • Split Bedroom

    • Walk-In Closet(s)

    • Den/Library/Office

    • Family Room

    • Separate Guest/In-Law Quarters

    • Maid/In-Law Quarters

    Bedrooms and bathrooms

    • Bedrooms: 5

    • Bathrooms: 1

    • Full bathrooms: 6

  • Parking

    • Detached Carport

    • 2 Or More Spaces

    • Assigned

    • Covered

    • No Trucks/Trailers

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 28-22-02-054-0600

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $9,856

    • HOA Frequency: Monthly

    • Annual tax amount: $71,953

  • Source details

    • MLS ID: A11966057

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Clear Impact Glass / High Impact Windows / Impact Glass

    • Direction Faces: East

    • Architectural Style: High Rise / Penthouse / Split Level

    • Waterfront: Yes

    • Garage Spaces: 3

    • Garage: Yes

    • Living Area: 4417

    • Subdivision Name: PRIVE CONDO,PRIVE

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: DA LUXURY REALTY, LLC