$1,925,000
SOLD SEP 21, 2022 RENTED JUL 21, 2025
1 Bed
1.5 Baths
1,018 Sq Ft
2020 Built

Recently Sold

$1,891 Per Sq Ft

21% Below List Price

195 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • New Construction
  • Ruth K. Broad Bay Harbor K-8 Center Rated A
  • Fitness Center
  • 2-minute walk to Veterans Park and Tennis Center

About This Home

As of September 2022

Eighty Seven Park, designed by acclaimed architect Renzo Piano, is the epitome of luxury. Unit 1103 is a beautiful one bedroom, one and a half bathroom home that was custom finished by the current owner. Unit offered fully furnished, by Fendi Casa. No detail has been spared in the finish of this unit. Lutron and apure lighting system, closets and storage all custom installed by Ornare and rimadisio as well as other interior design features make this move in ready. Enjoy the true indoor/outdoor living with a 564 SF balcony that overlooks the Atlantic Ocean. Capture the sunset as you prepare a gourmet meal on the built-in outdoor BBQ. Amenities include two infinity pools, pool and beach service, jacuzzi, wine bar, fitness center, salon and spa. Just steps away from the Bal Harbour Shops.

Last Agent to Sell the Property

Oliver Lloyd

Douglas Elliman License #3441492 Listed on: 03/09/2022

Douglas Elliman

Last Buyer's Agent

Raymond Jacomo

Douglas Elliman License #3484764

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,765

Year Built

  • Built in 2020 | New Construction

Parking

  • 1 Car Garage
  • Automatic Garage Door Opener
  • Secured Garage or Parking

Interior Spaces

  • 1,018 Sq Ft Home
  • Furnished
  • Built-In Features
  • Dryer

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Shower Only

Home Security

Outdoor Features

  • Outdoor Grill

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-02-165-0360

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Condominium
  • Eighty Seven Park Condos
  • 8701 Collins Ave Condo Subdivision
  • 18-Story Property

Amenities

  • Doorman
  • Secure Lobby

Recreation

Pet Policy

  • Dogs Allowed

Building Details

  • Maintenance Expense $2,537

Security

  • Security Service
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,765

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2020
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 11
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 8701 COLLINS AVE CONDO
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator
  • Interior Amenities: Built-in Features, Other
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile, Wood
  • Furnished: Furnished
  • Living Area: 1018
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Stories: 18
  • Bedroom Features: Master Bath Shower

Exterior Features

  • View: Ocean View
  • Exterior Features: Barbeque, Open Balcony
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Eighty Seven Park
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Doorman, Secured Garage/Parking, Lobby Secured, Security Patrol

Condo/Co-op/Association

  • Amenities: Exercise Room, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-02-165-0360
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Dogs OK

Multi Family

  • Maintenance Expense: 2537

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 23765

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
Sep 21, 2022
Sold by
Collins 1103 Holdings Llc
Bought by
Eighty Seven Park 1103 Llc
Seller's Agent
Oliver Lloyd
Douglas Elliman
Buyer's Agent
Raymond Jacomo
Douglas Elliman
List Price
$2,450,000
Sold Price
$1,925,000
Premium/Discount to List
-$525,000
-21.43%
Views
24
Current Estimated Value
$2,054,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,511
Avg. Annual Appreciation
2.36%
Original Mortgage
$1,636,250
Outstanding Balance
$1,560,708
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$493,803

Purchase Details

Listed on
Aug 15, 2019
Closed on
Feb 28, 2020
Sold by
8901 Collins Development Llc
Bought by
Collins 1103 Holdings Llc
Seller's Agent
Miltiadis Kastanis
Compass Florida, LLC.
Buyer's Agent
Bonnie Brooks
Douglas Elliman
List Price
$1,950,000
Sold Price
$1,700,000
Premium/Discount to List
-$250,000
-12.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Original Mortgage
$1,190,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,925,000 --
Special Warranty Deed $1,700,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,636,250 New Conventional
Previous Owner $510,000 New Conventional
Previous Owner $1,190,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Rented $13,500 0.0% --
05/09/2025 05/09/25 Price Changed $1,980,000 0.0% $2,327 / Sq Ft
04/08/2025 04/08/25 For Rent $13,500 0.0% --
10/22/2024 10/22/24 For Sale $2,100,000 0.0% $2,468 / Sq Ft
08/14/2023 08/14/23 Rented $11,000 -18.5% --
05/10/2023 05/10/23 For Rent $13,500 0.0% --
09/21/2022 09/21/22 Sold $1,925,000 -13.5% $1,891 / Sq Ft
07/08/2022 07/08/22 Price Changed $2,225,000 -1.1% $2,186 / Sq Ft
05/03/2022 05/03/22 Price Changed $2,250,000 -8.2% $2,210 / Sq Ft
03/09/2022 03/09/22 For Sale $2,450,000 +44.1% $2,407 / Sq Ft
02/28/2020 02/28/20 Sold $1,700,000 -12.8% $1,670 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
07/23/2019 07/23/19 For Sale $1,950,000 -- $1,916 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

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 $28,547 $1,407,226 -- --
2024 $30,218 $1,519,164 -- --
2023 $30,218 $1,599,120 $0 $0
2022 $25,926 $1,353,935 $0 $0
2021 $23,765 $1,230,850 $0 $0
2020 $4,502 $232,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11168321

MIAMI REALTORS® MLS

APN: 02-3202-165-0360