NOT LISTED FOR SALE

Estimated Value: $2,409,000 - $4,133,000

2 Beds
2.5 Baths
1,457 Sq Ft
2019 Built

Last Sold June 27, 2022

Last sale price $3,000,000 $2,059 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $20,810/month

Highlights

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

About This Home

As of January 2025

Eighty-Seven Park in Miami Beach offers a luxurious, fully furnished Apt for rent. This elegant residence features 2 bedroom suites, each with its own private bath, plus a guest powder room. Designed by renowned architect Renzo Piano, the apartment boasts 1,457 SqFt of living space with high ceilings, open floor plans, and floor-to-ceiling windows offering stunning ocean and nature views. Elegant finishes include Italian cabinetry and stone countertops. Outstanding amenities such as the Enoteca wine cellar, botanical exhibition, Soul Center Spa, private garden, pool, cabanas, and a small library create a serene escape. Experience unparalleled luxury and personalized concierge service in this prime location. Contact us today to schedule your private tour and secure your piece of paradise.

Last Agent to Rent the Property

Alexi Altuve

The Keyes Company License #3380521 Listed on: 07/05/2024

The Keyes Company

Co-Listed By

Lubin Hernandez Rojas

The Keyes Company License #3474573

Last Renter's Agent

Alexi Altuve

The Keyes Company License #3380521 Listed on: 07/05/2024

The Keyes Company

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2019

Lot Details

  • Ocean Front
  • Southeast Facing Home

Parking

  • 1 Car Garage
  • Assigned Parking

Property Views

  • Garden

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,457 Sq Ft Home
  • Furnished
  • Entrance Foyer
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Pool
  • Property has ocean access
  • Outdoor Grill

Schools

  • Miami Beach High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 9/5/24
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 02-32-02-165-0380

Community Details

Overview

  • No Home Owners Association
  • 8701 Collins Ave Condo
  • 8701 Collins Ave Condo,Terra Group Subdivision
  • The community has rules related to no recreational vehicles or boats, no trucks or trailers
  • 18-Story Property

Amenities

  • Valet Parking
  • Full Time Lobby Attendant
  • Sauna
  • Bar or Lounge

Recreation

  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Building Security
  • High Impact Windows
  • High Impact Door

Condo Details

Home Type

Condominium

Year Built

Built in 2019

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No
  • Available Date: 2024-09-05
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2019
  • Property Sub Type: Condominium
  • Co List Office Mls Id: KEYE15
  • Co List Office Phone: 305-594-2600
  • Directions: Use goolge Maps
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 18
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: 8701 COLLINS AVE CONDO,Terra Group
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • ResoPropertyType: ResidentialLease
  • Special Features: VirtualTour
  • Stories: 18

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Closet Cabinetry, Cooking Island, Entrance Foyer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Wood
  • Furnished: Furnished
  • Living Area: 1457
  • Stories: 18
  • Window Features: Clear Impact Glass, Complete Impact Glass, High Impact Windows, Impact Glass
  • Bedroom Features: Primary Bath Shower, Primary Bath Tub
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Laundry

Exterior Features

  • View: Garden, Ocean
  • Exterior Features: Barbeque, Open Balcony
  • Direction Faces: Southeast
  • Patio And Porch Features: Open Balcony
  • Pool Features: Community
  • 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, Valet, No Rv/Boats, No Trucks/Trailers

Utilities

  • Sewer: Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Room
  • Security: Building Security, Lobby Attended

Condo/Co-op/Association

  • Amenities: Bar, Community Pool, Exercise Room, Sauna, Spa/Hot Tub
  • Association: No
  • Community Features: Additional Amenities, Bar, Pool, Exercise Room, Sauna

Schools

  • High School: Miami Beach

Lot Info

  • Parcel Number: 02-32-02-165-0380
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 4000
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2020
Closed on
Jun 22, 2022
Sold by
Biltmore Property Holdings Llc
Bought by
Vidalu Llc
Seller's Agent
Diana Garchitorena
Douglas Elliman
Buyer's Agent
Alexi Altuve
The Keyes Company
List Price
$3,495,000
Sold Price
$3,000,000
Premium/Discount to List
-$495,000
-14.16%
Current Estimated Value
$3,257,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,970
Avg. Annual Appreciation
2.36%

Purchase Details

Closed on
Sep 3, 2020
Sold by
8701 Collins Development Llc
Bought by
Biltmore Property Holdings Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vidalu Llc $3,000,000 Home Partners Title Services
Biltmore Property Holdings Llc $2,880,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/01/2025 01/01/25 Rented $25,000 +6.4% --
12/09/2024 12/09/24 Under Contract -- -- --
10/08/2024 10/08/24 Price Changed $23,500 -6.0% $16 / Sq Ft
07/05/2024 07/05/24 For Rent $25,000 +19.0% --
09/01/2023 09/01/23 Rented $21,000 -16.0% --
08/03/2023 08/03/23 Under Contract -- -- --
05/16/2023 05/16/23 For Rent $25,000 0.0% --
06/27/2022 06/27/22 Sold $3,000,000 -9.0% $1,882 / Sq Ft View Prior Sale
03/18/2021 03/18/21 Price Changed $3,295,000 -5.7% $2,067 / Sq Ft
12/28/2020 12/28/20 For Sale $3,495,000 -- $2,193 / 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 $45,497 $2,293,722 -- --
2024 $48,160 $2,421,151 -- --
2023 $48,160 $2,548,580 $0 $0
2022 $52,050 $2,770,200 $0 $0
2021 $49,525 $2,565,000 $0 $0
2020 $52,271 $2,700,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11616254

MIAMI REALTORS® MLS

APN: 02-3202-165-0380