Parque Towers Unit Heads to Auction on $2.3M Judgment

A condo unit at Parque Towers in Sunny Isles Beach is headed to the foreclosure auction block. Miami-Dade Circuit Court case 2022-017590-CA-01 carries a final judgment of $2,324,191 against unit 4-TS-03 at 300 Sunny Isles Blvd, and the county clerk’s RealForeclose calendar sets the sale for Nov. 10, 2026. Miami-Dade Property Appraiser records show the unit last sold for $4.03 million in November 2021, against a current assessed value of $2.66 million. The identity of the unit’s owner is not named in this report, consistent with The American Developer’s policy on residential foreclosures.

Why it matters

A $2.3 million judgment against a unit that traded for $4.03 million four years ago marks a steep paper loss and signals continued stress in Sunny Isles Beach’s luxury condo stock, even as new towers in the corridor keep delivering. For investors watching the auction calendar, a scheduled sale date is the earliest point a distressed unit becomes biddable, ahead of any resale listing. Parque Towers, a 4-bedroom, 4.5-bath, 3,722-square-foot unit according to county records, sits in a building type that typically trades well above the judgment amount, which could draw third-party bidding interest rather than a lender credit-bid takeback.

The numbers

The final judgment totals $2.32 million. The unit, folio 31-2214-044-1580, last sold for $4.03 million on Nov. 22, 2021, a roughly 42% gap to the current judgment. Miami-Dade’s Property Appraiser lists a current assessed value of $2.66 million for the unit. The sale is scheduled for Nov. 10, 2026.

What’s next

The auction is set to proceed through Miami-Dade’s online RealForeclose system on Nov. 10, 2026. Bidders can track the listing directly on the county clerk’s auction portal ahead of the sale. South Florida foreclosure volume has been rising through the fall, and The American Developer will follow up once the sale is recorded.