NOT LISTED FOR SALE

Estimated Value: $5,382,000 - $10,137,342

3 Beds
3.5 Baths
3,460 Sq Ft
2019 Built

Sale Details

Date Sold: January 8, 2021

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

Est. 4% increase in value since last sale

Current estimated payment $62,626 / mo

120 Days on Market

Highlights

  • Ocean Front
  • Fitness Center
  • Wood Flooring
  • Ruth K. Broad Bay Harbor K-8 Center Rated A
  • Heated Pool
  • 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.

Co-Listed By

Eloy Carmenate

Ocean Drive Realty Inc License #3008688

Last Buyer's Agent

Michael Martirena

Compass Florida, LLC License #3139315

Compass Florida, LLC
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 2019

HOA Fees

  • $5,934 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

  • Entry on the 15th floor

Interior Spaces

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

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Closet Cabinetry
  • Walk-In Closet
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated Pool
  • Property has ocean access
  • Open Patio
  • Outdoor Living Area

Schools

  • Ruth K. Broad Bay Harbor K-8 Elementary School
  • Miami Beach High School

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0232021650550

Community Details

Overview

  • Association fees include common areas, maintenance structure
  • 8701 Collins Ave Condo Subdivision
  • Maintained Community
  • 18-Story Property

Amenities

  • Secure Lobby

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Security Guard
  • Secure Elevator

Property Details

Home Type

Condominium

Year Built

Built in 2019

Lot Details

0 Sq Ft Lot

HOA Fees

$5,934 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 2019
  • Entry Level: 15
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Bedroom on Main Level, Bathtub, Closet Cabinetry, Kitchen Island, Other, Soaking Tub, Separate Shower, Walk-In Closet(s)
  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Oven, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Wood
  • Living Area: 3460.0
  • Stories: 18

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: City, Ocean, Other
  • Pool Features: Private, Association, Heated
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front, Other
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Open, Balcony
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Security: Elevator Secured, Lobby Secured, Other, Security Guard
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 5934.0
  • Pets Allowed: Yes
  • Senior Community: No
  • Amenities: Beach Rights, Fitness Center, Maintenance Grounds, Other, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Pet Restrictions, Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Structure

Schools

  • Elementary School: Ruth K. Broad Bay Harbor K-8
  • High School: Miami Beach

Lot Info

  • Parcel #: 0232021650550
  • Mobile Dim Units: Feet

Tax Info

  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2020
Closed on
Jan 8, 2021
Sold by
2020 87 Park Llc
Bought by
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
$8,280,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,114
Avg. Annual Appreciation
0.61%
Original Mortgage
$5,831,250
Outstanding Balance
$4,929,694
Interest Rate
2.71%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$3,350,420

Purchase Details

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$8,000,000 Attorney
2020 87 Park Llc $7,500,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $132,069 $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

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A10917263

BeachesMLS (Greater Fort Lauderdale)

APN: 02-3202-165-0550

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