$325,000

506 NW 87th Ave Unit 406 Miami, FL 33172

Fontainebleau East Neighborhood

Estimated payment $2,233/month

2 Beds
2 Baths
1,194 Sq Ft
$272 Price per Sq Ft

Highlights

  • Lake Front
  • Balcony
  • Concrete Block With Brick
  • Community Pool
  • Complete Accordion Shutters
  • Walk-In Closet

About This Home

Top-floor condo with spectacular lakefront views! Located just minutes from FIU, Miami International Airport, Dolphin Mall, and International Mall, and within walking distance to Walmart and nearby shops. This bright and spacious unit features a soaring-ceiling living area, a well-sized kitchen, and a large screened balcony perfect for relaxing or entertaining. Completely remodeled unit. Community amenities include a pool, barbecue area, and more. The building has passed the 40-year inspection and features a new roof and updated elevator.

Listing Agent

Anadalys De Armas

IL Mare Properties, LLC. License #3096980 Listed on: 12/02/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,970

Year Built

  • Built in 1974

Lot Details

  • Lake Front
  • East Facing Home

HOA Fees

  • $364 Monthly HOA Fees

Parking

  • 1 Car Parking Space

Home Design

  • Entry on the 4th floor
  • Concrete Block With Brick
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,194 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Lake Views

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • Hadley; Charles R. Elementary School
  • Ruben Dario Middle School
  • Miami Coral Park High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Balcony

Listing and Financial Details

  • Assessor Parcel Number 30-40-04-025-0440

Community Details

Overview

  • Low-Rise Condominium
  • Fernwoods Condos
  • Fernwoods Condo No 2 Bldg Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Additional Features

  • Complete Accordion Shutters
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,970

Year Built

Built in 1974

Lot Details

0

HOA Fees

$364 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Ownership: Tenancy In Common
  • Property Sub Type: Condominium
  • Directions: 87 Ave and 5 Street
  • Entry Level: 4
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: FERNWOODS CONDO NO 2 BLDG
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 325000
  • InternetRemarks: Completely remodeled unit, located just minutes from FIU, Miami International Airport, Dolphin Mall, and International Mall.
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Elevator, Walk-In Closet(s), Other
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Floor
  • Living Area: 1194
  • Stories: 4
  • Window Features: Complete Accordian Shutters
  • Bedroom Features: Other, Primary Bath Shower
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Other
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Lake
  • Exterior Features: Other, Open Balcony
  • Construction Type: Concrete Block With Brick, CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Fernwoods
  • Parking Features: 1 Space, Limited # Of Vehicle

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Other

Condo/Co-op/Association

  • Association Fee: 364
  • Amenities: Elevator(s), Pool
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Hadley; Charles R.
  • High School: Miami Coral Park
  • Middle Or Junior School: Ruben Dario

Lot Info

  • Parcel Number: 30-40-04-025-0440

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 1970

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,903 $156,996 -- --
2024 $1,841 $152,572 -- --
2023 $1,841 $148,129 $0 $0
2022 $1,764 $143,815 $0 $0
2021 $1,753 $139,627 $0 $0
2020 $1,727 $137,700 $0 $0
2019 $331 $68,531 $0 $0
2018 $304 $67,254 $0 $0
2017 $306 $65,871 $0 $0
2016 $311 $64,517 $0 $0
2015 $320 $64,069 $0 $0
2014 $330 $63,561 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2025 12/02/25 For Sale $325,000 +76.6% $272 / Sq Ft
08/15/2019 08/15/19 Sold $184,000 -3.2% $154 / Sq Ft View Prior Sale
07/03/2019 07/03/19 Pending -- -- --
06/17/2019 06/17/19 For Sale $190,000 -- $159 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $184,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $178,480 New Conventional
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11923680

MIAMI REALTORS® MLS

APN: 30-4004-025-0440

Florida Miami/Dade County Miami 33172 Fontainebleau East

506 NW 87th Ave Unit 406, Miami, FL

For Sale

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MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Anadalys De Armas
Listing Agent
Anadalys De Armas
Section Image
IL Mare Properties, LLC.
(786) 891-3448