NOT LISTED FOR SALE

Eighty Seven Park 8701 Collins Ave Unit 1505 Surfside, FL 33154

North Shore Neighborhood

Estimated Value: $5,073,000 - $9,940,089

3 Beds
3.5 Baths
3,460 Sq Ft
$5,934/mo HOA Fee

Last Sold January 08, 2021

Last sale price $8,000,000 $2,312 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $60,840/month

120 Days on Market

Highlights

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

About This Home

As of January 2021

Eighty Seven Park by Renzo Piano is a collection of private oceanfront residences designed to seamlessly embrace park and ocean in Miami Beach’s newest neighborhood. The first residential project in the United States created by Pritzker Award-Winning architect, Renzo Piano. The grounds are surrounded by lush, green areas consisting of the redesigned 35-acre North Shore Park to the south and a private garden, designed by renown landscape architect West 8 for residents to the north. The crystal clear glass walls lend beauty and elegance that create a seamless transition from indoor to outdoor spaces. This extraordinary three bedroom residence has 3,460 Interior SF and a 2,867 SF wraparound terrace where you can enjoy endless 180° views of the ocean, park, city and Downtown Miami skyline.

Last Agent to Sell the Property

Mick Duchon

The Corcoran Group License #3225793 Listed on: 09/04/2020

The Corcoran Group

Co-Listed By

Eloy Carmenate

The Corcoran Group License #3008688

Last Buyer's Agent

Michael Martirena

Compass Florida, LLC License #3139315

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $132,288

Year Built

  • Built in 2019

HOA Fees

  • $5,934 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,460 Sq Ft Home
  • Built-In Features
  • Wood Flooring

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-02-165-0550

Community Details

Overview

  • High-Rise Condominium
  • Eighty Seven Park Condos
  • 8701 Collins Ave Condo Subdivision
  • 18-Story Property

Amenities

  • Doorman
  • Sauna

Recreation

  • Private Beach Pavilion
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Security Guard
  • Secure Elevator
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$132,288

Year Built

Built in 2019

Lot Details

0

HOA Fees

$5,934 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2019
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: DEOM15
  • Co List Office Phone: 305-696-6075
  • Entry Level: 15
  • 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: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Wall Oven, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Cooking Island, Other, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 3460
  • Possible Use: Unknown/Withheld
  • Stories: 18
  • Bedroom Features: Entry Level
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • View: Direct Ocean, Other View, Skyline
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Eighty Seven Park
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Guard At Site, Other

Condo/Co-op/Association

  • Association Fee: 5934
  • Amenities: Exercise Room, Heated Pool, Other, Pool, Private Beach Pavilion, Private Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-02-165-0550
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 5934

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Jan 8, 2021
Sold by
2020 87 Park Llc
Bought by
8701 Collins Lp
Seller's Agent
Mick Duchon
The Corcoran Group
Buyer's Agent
Michael Martirena
Compass Florida, LLC
List Price
$8,495,000
Sold Price
$8,000,000
Premium/Discount to List
-$495,000
-5.83%
Current Estimated Value
$8,053,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,696
Avg. Annual Appreciation
-0.74%
Original Mortgage
$5,831,250
Outstanding Balance
$5,091,706
Interest Rate
2.71%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$2,637,430

Purchase Details

Closed on
Aug 19, 2020
Sold by
8701 Collins Development Llc
Bought by
2020 87 Park Llc
Source: Public Records

Range of Values:

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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
8701 Collins Lp $8,000,000 Attorney
2020 87 Park Llc $7,500,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 8701 Collins Lp $5,831,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Sold $8,000,000 -5.8% $2,312 / Sq Ft
12/27/2020 12/27/20 Pending -- -- --
08/29/2020 08/29/20 For Sale $8,495,000 -- $2,455 / 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 $132,288 $7,039,880 -- --
2024 $132,172 $7,039,880 -- --
2023 $132,172 $6,969,477 $0 $0
2022 $132,274 $7,039,877 $0 $0
2021 $112,336 $5,818,080 $0 $0
2020 $122,430 $6,324,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mick Duchon

    Seller's Agent in 2021

    Mick Duchon

    The Corcoran Group

    (305) 395-4982

    4 in this area

    81 Total Sales

    Mick Duchon
    Section Image
  • Eloy Carmenate

    Seller Co-Listing Agent in 2021

    Eloy Carmenate

    The Corcoran Group

    (305) 395-4982

    4 in this area

    72 Total Sales

    Eloy Carmenate
    Section Image
  • Michael Martirena

    Buyer's Agent in 2021

    Michael Martirena

    Compass Florida, LLC

    (305) 907-7948

    8 in this area

    63 Total Sales

    Michael Martirena
    Section Image
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About Eighty Seven Park

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10917263

MIAMI REALTORS® MLS

APN: 02-3202-165-0550

Florida Miami/Dade County Surfside 33141 North Shore

8701 Collins Ave Unit 1505, Surfside, FL

This home is located at 8701 Collins Ave Unit 1505, Surfside, FL 33154 since 04 September 2020 and is currently estimated at $8,053,696, approximately $2,327 per square foot. This property was built in 2019. 8701 Collins Ave Unit 1505 is a home located in Miami-Dade County with nearby schools including Ruth K. Broad Bay Harbor K-8 Center, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

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