$2,850,000
SOLD MAY 14, 2025
2 Beds
2.5 Baths
1,602 Sq Ft
$5,903/mo HOA Fee

Recently Sold

$1,779 Per Sq Ft

38% Below List Price

193 Days on Market

Highlights

  • Doorman
  • Ocean Front
  • Main Floor Bedroom
  • Ruth K. Broad Bay Harbor K-8 Center Rated A
  • Beach Access
  • 2-minute walk to Veterans Park and Tennis Center

About This Home

As of May 2025

Residence 306 at Eighty Seven Park by Renzo Piano Building Workshop. This corner floorplan features 2 bedrooms, 2 and-a-half bathrooms and over 1,600 SF of thoughtfully designed interior space. Fit with a Molteni Dada white oak kitchen, complemented by stunning Ceppo Gris countertops and backsplash. The bathrooms are clad in white Macaubas stone, featuring a drench shower and a soaking tub with park views. Just outside the sliding glass walls, an expansive 1,400+ SF terrace, complete with an electric barbecue—perfect for entertaining. Amenities include a state-of-the-art fitness center, resort-style pools, and 24/7 concierge service, ensuring a lifestyle of convenience. Experience the joy of living in one of Miami's most sought-after addresses.

Last Agent to Sell the Property

Miltiadis Kastanis

Compass Florida, LLC Brokerage Phone: 305-298-8511 License #3301126 Listed on: 10/03/2024

Compass Florida, LLC

Last Buyer's Agent

Mikhail Mudrik

The Agency Florida LLC License #3476866

The Agency Florida LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $64,022

Year Built

  • Built in 2019

Lot Details

  • Ocean Front
  • South Facing Home

HOA Fees

  • $5,903 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Deeded Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,602 Sq Ft Home
  • Furniture for Sale
  • Built-In Features
  • Blinds
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom
  • Bathtub

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Beach Access
  • Restricted saltwater access
  • Patio
  • Outdoor Grill

Location

  • East of U.S. Route 1

Schools

  • Bay Harbor Elementary School
  • Nautilus Middle School
  • Miami Beach High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-32-02-165-0580

Community Details

Overview

  • 65 Units
  • High-Rise Condominium
  • Eighty Seven Park Condos
  • 8701 Collins Ave Condo,Eighty Seven Park Subdivision, 06 Line Floorplan
  • 18-Story Property

Amenities

  • Doorman
  • Sauna
  • Business Center
  • Bike Room

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Secure Elevator
  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$64,022

Year Built

Built in 2019

Lot Details

0

HOA Fees

$5,903 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2019
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Directions: Driving Directions: From Collins Avenue to 87th Street, turn into 8701 Collins Avenue. Complimentary valet service is available for all visitors.
  • Entry Level: 3
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Restricted Salt Water Access, Beach Access
  • Master Model: 06 LINE
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 8701 COLLINS AVE CONDO,EIGHTY SEVEN PARK
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Attribution Contact: 305-298-8511
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Furniture For Sale, Unfurnished, Furniture Negotiable
  • Living Area: 1602
  • Other Equipment: Elevator
  • Possible Use: Primary
  • Stories: 18
  • Window Features: Clear Impact Glass, Blinds, High Impact Windows, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Tub
  • Dining Room Features: Dining/Living Room, Eat-In Kitchen
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Ocean View, Water View
  • Exterior Features: East Of Us1, Barbeque
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Patio
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: EIGHTY SEVEN PARK
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Covered, Deeded

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Fire Alarm, Doorman, Elevator Secure, Card Entry

Condo/Co-op/Association

  • Association Fee: 5903
  • Amenities: Bike Storage, Business Center, Other, Private Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Bay Harbor
  • High School: Miami Beach
  • Middle Or Junior School: Nautilus

Lot Info

  • Parcel Number: 02-32-02-165-0580
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Number Of Units In Community: 65
  • Number Of Units Total: 65

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 64022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
May 13, 2025
Sold by
8701 Collins Ave 306 Florida Land Trust and Sands Holdings 1 Llc
Bought by
Moraly Residential Properties Llc
Seller's Agent
Miltiadis Kastanis
Compass Florida, LLC
Buyer's Agent
Mikhail Mudrik
The Agency Florida LLC
List Price
$4,600,000
Sold Price
$2,850,000
Premium/Discount to List
-$1,750,000
-38.04%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.35%

Purchase Details

Listed on
Apr 16, 2023
Closed on
Sep 7, 2023
Sold by
Junaid Sufia and Junaid Ansir
Bought by
8701 Collins Ave 306 Florida Land Trust
Seller's Agent
Mick Duchon
The Corcoran Group
Buyer's Agent
Yury Mouchan
Capital Investments Realty LLC
List Price
$2,900,000
Sold Price
$2,725,000
Premium/Discount to List
-$175,000
-6.03%
Views
89

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.71%

Purchase Details

Listed on
Jul 23, 2019
Closed on
Oct 24, 2020
Sold by
8701 Collins Development Llc
Bought by
Junaid Sufia and Junaid Ansir
Seller's Agent
Miltiadis Kastanis
Compass Florida, LLC
Buyer's Agent
Melissa Rubin
Compass Florida, LLC
List Price
$3,500,000
Sold Price
$2,400,000
Premium/Discount to List
-$1,100,000
-31.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.51%
Original Mortgage
$1,680,000
Interest Rate
2.47%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,850,000 None Listed On Document
Warranty Deed $2,850,000 None Listed On Document
Warranty Deed $2,725,000 None Listed On Document
Special Warranty Deed $2,450,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $733,000 Future Advance Clause Open End Mortgage
Previous Owner $1,680,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Rent $20,000 0.0% --
05/14/2025 05/14/25 Sold $2,850,000 -5.0% $1,779 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
03/25/2025 03/25/25 Price Changed $3,000,000 -11.8% $1,873 / Sq Ft
02/15/2025 02/15/25 Price Changed $3,400,000 -2.8% $2,122 / Sq Ft
01/21/2025 01/21/25 Price Changed $3,499,000 -7.8% $2,184 / Sq Ft
12/03/2024 12/03/24 Price Changed $3,795,000 -17.5% $2,369 / Sq Ft
10/03/2024 10/03/24 For Sale $4,600,000 +68.8% $2,871 / Sq Ft
09/08/2023 09/08/23 Sold $2,725,000 -6.0% $1,701 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
04/16/2023 04/16/23 Price Changed $2,899,000 0.0% $1,810 / Sq Ft
04/16/2023 04/16/23 For Sale $2,900,000 0.0% $1,810 / Sq Ft
12/03/2022 12/03/22 Rented $18,000 -10.0% --
10/13/2022 10/13/22 Under Contract -- -- --
05/10/2022 05/10/22 Price Changed $20,000 -20.0% $12 / Sq Ft
03/18/2022 03/18/22 Price Changed $25,000 -16.7% $16 / Sq Ft
01/26/2022 01/26/22 For Rent $30,000 0.0% --
10/21/2020 10/21/20 Sold $2,400,000 -18.6% $1,498 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
06/05/2020 06/05/20 Price Changed $2,950,000 -15.7% $1,841 / Sq Ft
07/23/2019 07/23/19 For Sale $3,500,000 -- $2,185 / 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 $63,665 $3,388,000 -- --
2024 $64,022 $3,218,600 -- --
2023 $64,022 $3,388,000 $0 $0
2022 $44,695 $2,420,000 $0 $0
2021 $38,616 $2,000,000 $0 $0
2020 $38,719 $2,000,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11664216

MIAMI REALTORS® MLS

APN: 02-3202-165-0580