Chassis 992.1

Porsche 911 Targa 4S

2020 to 2024 · Targa

A 2020 Porsche 911 Targa 4S cost $135,200 new. Over the past 12 months, 18 have sold publicly at a median of $180,250. The Shifty Estimate for a well-kept example is $182,600. Across the sales we have on file, prices ran from $113,925 to $230,000, depending on mileage, color, and history.

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Shifty Estimate
$182,600
High confidence · $155K to $217K
Up 2.2% over 12 months
Nov 2025Rolling 6-month medianNov 2026
Median · 12 mo
$180,250
Sales · 12 mo
18
For sale now
59
Original MSRP
$135,200Up 35% since new

The market

Every recorded 2020 Porsche 911 Targa 4S sale, by date and price
Sep 2026 · Bring a Trailer
$158,000 · 26,000 mi · Chalk
See this car
$125k$150k$175k$200k$225kAug 202320252026SHIFTY ESTIMATE $183k
Sold Bid to, not sold
35 sales · 13 unsoldmedian $180kupdated Oct 2026

Community

Latest results

The newest 2020 Porsche 911 Targa 4S sales with photographs
2020 Porsche 911 Targa 4S, sold Sep 2026

Sold $216,000

2024 · Carmine Red · 2,000 mi
Sep 7, 2026 · Bring a Trailer
2020 Porsche 911 Targa 4S, sold Sep 2026

Sold $185,000

2023 · GT Silver Metallic · 6,000 mi
Sep 4, 2026 · Bring a Trailer
2020 Porsche 911 Targa 4S, sold Aug 2026

Sold $212,800

2021 · Paint-to-sample Oslo Blue
Aug 15, 2026 · RM Sotheby's
2020 Porsche 911 Targa 4S, sold Jul 2026

Sold $165,000

2023 · Chalk · 9,000 mi
Jul 5, 2026 · Bring a Trailer
2020 Porsche 911 Targa 4S, sold Jul 2026

Sold $197,000

2022 · Jet Black Metallic · 1,500 mi
Jul 2, 2026 · Bring a Trailer
2020 Porsche 911 Targa 4S, sold Jun 2026

Sold $205,000

2021 · Nato Olive · 5,000 mi
Jun 23, 2026 · Bring a Trailer

Every 992.1

Sold prices, last 12 months · Nov 1, 2026
Every 992.1. Sold prices, last 12 months · Nov 1, 2026
Targa 4S2020 to 2024Targa 4 GTS2022 to 2024Targa 42021 to 2024Carrera T2023 to 2024Carrera 4 GTS2022 to 2024Carrera 4 GTS Cabriolet2022 to 2024Carrera GTS2022 to 2024Carrera GTS Cabriolet2022 to 2024Carrera2020 to 2024Carrera 42020 to 2024Carrera 4 Cabriolet2020 to 2024Carrera 4S2020 to 2024Carrera 4S Cabriolet2020 to 2024Carrera Cabriolet2020 to 2024Carrera S2020 to 2024Carrera S Cabriolet2020 to 2024Turbo2021 to 2025Turbo Cabriolet2021 to 2025Turbo S Cabriolet2021 to 2025Turbo S Cabriolet Brabus 8202021 to 2025Turbo S2020 to 2025GT3 RS2023 to 2025GT3 Touring2022 to 2024GT32021 to 2024S/T2024Dakar2023 to 2024Sport Classic2023GT3 Cup2021 to 2024
Shifty Estimate$182,600$196,700$149,900Low confidence$122,500$166,000Low confidence$149,000Low confidence$163,800$205,800$106,000$112,700Low confidence$126,000Low confidence$129,300$134,300$117,400$138,500$131,300$322,400$222,000Low confidence$281,600$429,000Low confidence$236,200$426,100$254,500$294,700$626,600$368,900$617,800$132,500Low confidence
Sold median$180,25018 sales$203,07212 salesToo few sales to call2 sales$131,50020 sales$196,0003 salesToo few sales to call2 sales$168,0008 sales$196,0007 sales$108,5008 salesToo few sales to call1 saleToo few sales to call1 sale$133,00011 sales$128,2504 sales$114,6009 sales$135,50021 sales$115,0004 sales$347,0009 salesToo few sales to call2 sales$263,75010 salesNo sale$241,25040 sales$419,50032 sales$272,00041 sales$258,50020 sales$625,0008 sales$368,50011 sales$563,83314 salesToo few sales to call2 sales
12-month moveUp 2.2%Up 1.4%Too few sales to callDown 1.7%Too few sales to callToo few sales to callUp 4.0%Too few sales to callUp 9.1%Too few sales to callToo few sales to callDown 0.9%Too few sales to callToo few sales to callUp 7.5%Too few sales to callToo few sales to callToo few sales to callUp 10.8%Too few sales to callUp 3.9%Up 1.2%Down 2.0%Up 4.9%Down 4.3%Up 16.6%Too few sales to callToo few sales to call
For sale5938847190263None134158112814155None326None2None113122134781332111

Specifications

Engine
Twin-Turbo Flat-6, 3.0L
Power
443 hp
Torque
390 lb-ft
0 to 60
3.6 s
Top speed
188 mph
Transmission
Dual-Clutch (PDK / DCT / DSG)
Drivetrain
AWD
Curb weight
3,571 lb
Original MSRP
$135,200
Designer
Michael Mauer

Common questions

How much does a Porsche 911 Targa 4S cost?

A 2020 Porsche 911 Targa 4S cost $135,200 new. Over the past 12 months, 18 have sold publicly at a median of $180,250. The Shifty Estimate for a well-kept example is $182,600. Across the sales we have on file, prices ran from $113,925 to $230,000, depending on mileage, color, and history.

What is a 2020 Porsche 911 Targa 4S worth today?

The Shifty Estimate is $182,600, up 2.2% over the past 12 months. Confidence is high: 18 public sales in a year gives a firm read.

Is a Porsche 911 Targa 4S a good investment?

It has appreciated 35% against its $135,200 list price. Values are up 2.2% over the past 12 months. The caution is spread, not direction: across the sales we have on file, prices ran from $113,925 to $230,000, and mileage explains most of that.

How many Porsche 911 Targa 4S have sold?

Shifty has 35 public sales of the Porsche 911 Targa 4S on file. The earliest was on Aug 14, 2023.

What is the most expensive Porsche 911 Targa 4S sold?

The highest public sale on file is $230,000, on Aug 3, 2025, with 12 mi.

What has a Porsche 911 Targa 4S sold for at auction?

The 3 most recent public sales we have on file:

  • $158,000Sep 25, 2026Chalk · 26,000 mi
  • $216,000Sep 7, 2026Carmine Red · 2,000 mi
  • $185,000Sep 4, 2026GT Silver Metallic · 6,000 mi

How many Porsche 911 Targa 4S are for sale right now?

Shifty tracks 59 listings of the Porsche 911 Targa 4S for sale right now.

About the 2020 Porsche 911 Targa 4S

The 992 Targa 4S elevates the distinctive Targa concept with serious performance credentials, pairing the iconic removable roof panel design with 443 horsepower from its twin-turbo flat-six. This represents the sweet spot in the Targa lineup, offering significantly more power than the base Targa 4 while remaining more accessible than GT models. The sophisticated all-wheel-drive system ensures that power delivery remains manageable in all conditions, while the PDK transmission provides lightning-quick shifts that complement the engine's broad torque curve. The Targa's unique structural requirements, accommodating the removable roof panel while maintaining rigidity, showcase Porsche's engineering prowess. At $135,200, it commands a premium over the standard Carrera 4S, reflecting both the complexity of the Targa mechanism and its relative rarity. For collectors drawn to the Targa's distinctive styling and open-air versatility, the 4S offers compelling performance to match its visual drama.

Sales and listings

Showing 20 of 183 on file
2023 · Shark Blue · 6,700 mi
Isringhausen Imports
Asking $197,900
Listed Oct 31
2021 · Green · 2,759 mi
Porsche Minneapolis
Asking $209,500
Listed Oct 30
2021 · White · 20,386 mi
Champion Motors
Asking $168,959
Listed Oct 30
2023 · GT Silver Metallic · 8,810 mi
Park Place Porsche
Asking $214,900
Listed Oct 30
2023 · GT Silver · 5,970 mi
Bentley Newport Beach
Asking $219,900
Listed Oct 29
2023 · Sport Grey Metallic · 5,801 mi
H Greg Nissan Infiniti Kendall
Asking $189,999
Listed Oct 29
2021 · White · 3,166 mi
Valley Motors Inc
Asking $199,000
Listed Oct 27
2023 · Chalk · 6,243 mi
Napleton Westmont Porsche
Asking $205,000
Listed Oct 27
2023 · Carrara White Metallic · 8,282 mi
Porsche Main Line
Asking $197,490
Listed Oct 26
2022 · Silver · 11,955 mi
Porsche Fort Myers
Asking $204,900
Listed Oct 26
2022 · White · 14,374 mi
Porsche of Spokane
Asking $189,795
Listed Oct 26
2022 · Blue · 6,174 mi
Porsche St. Paul
Asking $209,990
Listed Oct 25
2021 · Python Green · 19,257 mi
Porsche Main Line
Asking $171,490
Listed Oct 24
2021 · Carrara White Metallic · 19,607 mi
Porsche Warrington
Asking $177,992
Listed Oct 23
2022 · Chalk · 11,824 mi
Porsche Atlanta North
Asking $188,161
Listed Oct 22
2021 · 10,840 mi
Porsche Atlanta Northeast
Asking $177,089
Listed Oct 21
2022 · White · 26,825 mi
Porsche Woodland Hills
Asking $193,787
Listed Oct 17
2023 · Unspecified · 11,201 mi
DM Motors LLC
Asking $199,995
Listed Oct 17
2021 · White · 16,706 mi
Porsche Lincolnwood
Asking $169,450
Listed Oct 16
2022 · 6,026 mi
Suncoast Porsche
Asking $211,373
Listed Oct 15

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