$1,198,000 - $2,186,137
RENTED JUL 21, 2025
1 Bed
1.5 Baths
851 Sq Ft
2020 Built

Last Sold September 21, 2022

Last sale price $1,925,000 $2,262 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $12,373/month

Highlights

  • Ocean Front
  • Full Time Lobby Attendant
  • Building Security
  • 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 July 2025

Stunning 03 line residence with ocean views in this new luxury condominium. Eighty Seven Park completed in 2020 by master architect Renzo Piano sits directly on the sands of Miami Beach. This 1 bedroom, 1.5 bath condo filled with natural lighting, wood and tile flooring, and cozy kitchen with snack bar. Open and large balcony perfect to entertain guests. Eighty Seven Park is conveniently located in North Beach, a fifteen minute drive from glamour, excitement, and energy of South Beach and Bal Harbour Shops. Available in September.

Last Agent to Rent the Property

Raymond Jacomo

Douglas Elliman License #3484764 Listed on: 04/08/2025

Douglas Elliman

Co-Listed By

Tracy Galya

Douglas Elliman License #3239669

Last Renter's Agent

Todd Nordstrom

Compass Florida, LLC License #0618419

Compass Florida, LLC

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,547

Year Built

  • Built in 2020

Parking

  • 1 Car Garage
  • Assigned Parking

Interior Spaces

  • 851 Sq Ft Home
  • Furnished
  • Built-In Features
  • Blinds
  • Combination Dining and Living Room
  • Washer

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Snack Bar or Counter

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry

Home Security

Outdoor Features

  • In Ground Pool
  • Property has ocean access

Schools

  • North Beach Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 9/12/25
  • Assessor Parcel Number 02-32-02-165-0360

Community Details

Overview

  • No Home Owners Association
  • High-Rise Condominium
  • 8701 Collins Ave Condo
  • 8701 Collins Ave Condo,8701 Collins Ave Con Subdivision
  • 18-Story Property

Amenities

  • Full Time Lobby Attendant
  • Elevator

Recreation

Pet Policy

  • Breed Restrictions

Security

  • Building Security
  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$28,547

Year Built

Built in 2020

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions
  • Available Date: 2025-09-12

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2020
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: DEOM01
  • Co List Office Phone: 305-695-6300
  • Entry Level: 11
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Building Stories: 18
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: 8701 COLLINS AVE CONDO,8701 COLLINS AVE CON
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • Special Features: VirtualTour
  • Stories: 18

Interior Features

  • Appliances: Dishwasher, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Cooking Island, Fire Sprinklers
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile, Wood
  • Furnished: Furnished
  • Living Area: 851
  • Other Equipment: Elevator
  • Stories: 18
  • Window Features: Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room, Snack Bar/Counter

Exterior Features

  • View: Ocean
  • Exterior Features: Open Balcony
  • Construction Type: Concrete Block Construction
  • Patio And Porch Features: Open Balcony
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: 8701 COLLINS AVE CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned, Covered

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Smoke Detector, Key Card Entry, Building Security, Lobby Attended

Condo/Co-op/Association

  • Amenities: Elevator(s), Exercise Room
  • Association: No

Schools

  • Elementary School: North Beach
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-02-165-0360
  • Land Lease Amount Frequency: Monthly

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
$1,848,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,466
Avg. Annual Appreciation
-1.37%
Original Mortgage
$1,636,250
Outstanding Balance
$1,558,271
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$290,263

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

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Eighty Seven Park 1103 Llc $1,925,000 --
Collins 1103 Holdings Llc $1,700,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eighty Seven Park 1103 Llc $1,636,250
Previous Owner 1St And Ten Corp $510,000
Previous Owner Collins 1103 Holdings Llc $1,190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Rented $13,500 0.0% --
04/08/2025 04/08/25 For Rent $13,500 +22.7% --
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: A11779400

MIAMI REALTORS® MLS

APN: 02-3202-165-0360