NOT LISTED FOR SALE

Eighty Seven Park 8701 Collins Ave Unit 1605 Surfside, FL 33154

North Shore Neighborhood

Estimated Value: $5,134,000 - $10,261,714

3 Beds
4.5 Baths
3,202 Sq Ft
2019 Built

Last Sold October 21, 2021

Last sale price $9,299,000 $2,904 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $56,028/month

46 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Bar or Lounge
  • Ruth K. Broad Bay Harbor K-8 Center Rated A
  • Community Cabanas
  • 2-minute walk to Veterans Park and Tennis Center

About This Home

As of October 2021

Spectacular one of a kind residence at the magnificent Eighty Seven Park, designed by legendary architect Renzo Piano workshop. This oversized residence encompasses the entire Western side of the building. Flanked by 2,867 sqft of wraparound terrace, this indoor/outdoor flow-through living space affords sweeping 270 degree views of the Atlantic Ocean, Biscayne Bay and downtown Miami. With just 65 residences,it offers the utmost in privacy and serenity, complete with private elevators and self parking. The buildings amenities feature beautiful gym and spa facilities, complete with Haman. Two infinity pools, an Enoteca, and a poolside fugo bar that provides food and beverage on the beach and throughout the property. Surrounded by lush gardens, curated parks and peaceful flowing open spaces.

Last Agent to Sell the Property

Diana Garchitorena

Douglas Elliman License #3040036 Listed on: 11/23/2020

Douglas Elliman

Last Buyer's Agent

Diana Garchitorena

Douglas Elliman License #3040036 Listed on: 11/23/2020

Douglas Elliman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $150,000

Year Built

  • Built in 2019 | Under Construction

Lot Details

  • Ocean Front
  • Property Fronts a Bay or Harbor

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,202 Sq Ft Home
  • Vaulted Ceiling
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • Bidet
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Schools

  • Nautilus Middle School
  • Miami Beach High School

Additional Features

  • Accessible Elevator Installed
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-02-165-0560

Community Details

Overview

  • Property has a Home Owners Association
  • 66 Units
  • High-Rise Condominium
  • Eighty Seven Park Condos
  • Eighty Seven Park Subdivision
  • 18-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Community Kitchen
  • Business Center
  • Bar or Lounge
  • Bike Room
  • Elevator

Recreation

  • Community Cabanas
  • Community Spa
  • Bike Trail

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $6,641

Security

  • Secure Elevator
  • Complex Is Fenced
  • High Impact Windows
  • High Impact Door
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$150,000

Year Built

Built in 2019 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2019
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Directions: Sales Gallery located at the residences. Please check in with concierge.
  • Entry Level: 16
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: Eighty Seven Park
  • Year Built Details: Under Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Elevator, Fire Sprinklers, Pantry, Split Bedroom, Volume Ceilings
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 3202
  • Possible Use: Unknown/Withheld
  • Stories: 18
  • Window Features: High Impact Windows, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Sitting Area - Master Bedroom
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen, Snack Bar/Counter
  • Master Bathroom Features: Bidet, Separate Tub & Shower

Exterior Features

  • View: Bay, Ocean View, Skyline
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: Under Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: Eighty Seven Park
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Assigned, Covered, Valet

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Complex Fenced, Doorman, Elevator Secure

Condo/Co-op/Association

  • Amenities: Bar, Bike/Jog Path, Bike Storage, Business Center, Cabana, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, Exterior Lighting, Other, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

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

Lot Info

  • Parcel Number: 02-32-02-165-0560
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 6641
  • Number Of Units In Community: 66
  • Number Of Units Total: 66

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 150000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2020
Closed on
Oct 21, 2021
Sold by
8701 Associates Llc
Bought by
Stp Unit 1605 Llc
Seller's Agent
Diana Garchitorena
Douglas Elliman
Buyer's Agent
Diana Garchitorena
Douglas Elliman
List Price
$9,299,000
Sold Price
$9,299,000
Current Estimated Value
$8,219,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,079,762
Avg. Annual Appreciation
-3.56%
Original Mortgage
$7,200,000
Outstanding Balance
$6,542,281
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$1,551,737

Purchase Details

Closed on
Sep 3, 2020
Sold by
8701 Collins Development Llc
Bought by
8701 Associates Llc
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
Stp Unit 1605 Llc $9,299,000 Attorney
8701 Associates Llc $8,100,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stp Unit 1605 Llc $7,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2021 10/21/21 Sold $9,299,000 0.0% $2,904 / Sq Ft
02/11/2021 02/11/21 Off Market $65,000 -- --
01/08/2021 01/08/21 Pending -- -- --
12/30/2020 12/30/20 Rented $55,000 -15.4% --
11/30/2020 11/30/20 Price Changed $65,000 0.0% $20 / Sq Ft
11/23/2020 11/23/20 For Sale $9,299,000 0.0% $2,904 / Sq Ft
11/20/2020 11/20/20 For Rent $50,000 -- --
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 $134,924 $7,180,140 -- --
2024 $134,805 $7,180,140 -- --
2023 $134,805 $7,108,338 $0 $0
2022 $134,910 $7,180,140 $0 $0
2021 $114,574 $5,934,000 $0 $0
2020 $124,869 $6,450,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Diana Garchitorena

    Seller's Agent in 2021

    Diana Garchitorena

    Douglas Elliman

    (305) 695-6300

    7 in this area

    17 Total Sales

    Diana Garchitorena
    Section Image
  • Alison Zhuk

    Buyer's Agent in 2020

    Alison Zhuk

    Douglas Elliman

    (305) 695-6300

    11 Total Sales

    Alison Zhuk
    Section Image
See All Agents

About Eighty Seven Park

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10957538

MIAMI REALTORS® MLS

APN: 02-3202-165-0560

Florida Miami/Dade County Surfside 33141 North Shore

8701 Collins Ave Unit 1605, Surfside, FL

This home is located at 8701 Collins Ave Unit 1605, Surfside, FL 33154 since 23 November 2020 and is currently estimated at $8,219,238, approximately $2,566 per square foot. This property was built in 2019. 8701 Collins Ave Unit 1605 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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