$2,950,000
SOLD FEB 23, 2021
2 Beds
2.5 Baths
1,522 Sq Ft
$3,156/mo HOA Fee

Recently Sold

$1,938 Per Sq Ft

16% Below List Price

77 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 July 2025

Enjoy Resort living in an architectural masterpiece designed by world renowned architect Renzo Piano Workshop. This corner residence is adorned with high end finishes, floor to ceiling walls of glass and stacking glass doors which create a seamless indoor/outdoor living space unto the 1,433 square foot terrace! Custom D & C Italia closets with LED lights, available turnkey or unfurnished. This tranquil space overlooks Biscayne Bay views to the West, and Atlantic Ocean views to the East. This boutique building has only 65 residences with 2 infinity pools, fitness center and a one of a kind spa with Hamam.

Last Agent to Sell the Property

Diana Garchitorena

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

Douglas Elliman

Last Buyer's Agent

Pablo Alfaro

Douglas Elliman License #SEF

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $50,000

Year Built

  • Built in 2019 | New Construction

HOA Fees

  • $3,156 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,522 Sq Ft Home
  • Blinds
  • Great Room
  • Family or Dining Combination

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Ocean Front
  • East of U.S. Route 1

Listing and Financial Details

  • Assessor Parcel Number 02-32-02-165-0500

Community Details

Overview

  • 65 Units
  • Eighty Seven Park Condos
  • 8701 Collins Ave Condo Subdivision
  • 18-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Trash Chute
  • Community Library
  • Bar or Lounge
  • Elevator
  • Lobby
  • Secure Lobby
  • Bike Room

Recreation

  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Walled
  • High Impact Windows
  • High Impact Door
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$50,000

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$3,156 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2019
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 9
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 8701 COLLINS AVE CONDO
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Lobby, First Floor Entry, Fire Sprinklers, Split Bedroom, Walk-In Closet(s), Great Room
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor, Marble, Other
  • Furnished: Unfurnished
  • Living Area: 1522
  • Possible Use: Unknown/Withheld
  • Stories: 18
  • Window Features: Clear Impact Glass, Complete Impact Glass, Blinds, High Impact Windows, Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Family/Dining Combination
  • Living Room Features: Great Room
  • Master Bathroom Features: Bidet, Dual Sinks, 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, Wrap Around
  • Pool Private: No
  • Property Condition: New Construction
  • 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: 1 Space, Parking-Under Building, Valet

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Fire Sprinklers, Doorman, Lobby Secured, Walled

Condo/Co-op/Association

  • Association Fee: 3156
  • Amenities: Bar, Bike Storage, Cabana, Elevator(s), Exercise Room, Heated Pool, Library, Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-02-165-0500
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 3156
  • Number Of Units In Community: 65
  • Number Of Units Total: 65

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 50000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Jul 26, 2023
Sold by
Taylor Timothy
Bought by
Debpa Llc
Seller's Agent
Liz Hogan
Compass Florida, LLC.
Buyer's Agent
Carolina Arenas
Compass Florida, LLC.
List Price
$4,250,000
Sold Price
$3,500,000
Premium/Discount to List
-$750,000
-17.65%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%
Original Mortgage
$2,250,000
Outstanding Balance
$2,197,979
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$2,081,748

Purchase Details

Listed on
Nov 23, 2020
Closed on
Feb 22, 2021
Sold by
8701 Associates Llc
Bought by
Taylor Timothy
Seller's Agent
Diana Garchitorena
Douglas Elliman
Buyer's Agent
Pablo Alfaro
Douglas Elliman
List Price
$3,499,000
Sold Price
$2,950,000
Premium/Discount to List
-$549,000
-15.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%

Purchase Details

Closed on
Sep 3, 2020
Sold by
8701 Collins Development Llc
Bought by
8701 Associates Llc
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 $3,500,000 None Listed On Document
Special Warranty Deed $2,950,000 Attorney
Special Warranty Deed $2,880,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,250,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Sold $4,100,000 -3.5% $2,694 / Sq Ft
06/23/2025 06/23/25 Pending -- -- --
05/30/2025 05/30/25 Price Changed $4,250,000 +1.2% $2,792 / Sq Ft
05/30/2025 05/30/25 For Sale $4,200,000 +20.0% $2,760 / Sq Ft
07/31/2023 07/31/23 Sold $3,500,000 -6.7% $2,300 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
01/22/2023 01/22/23 Price Changed $3,750,000 -2.6% $2,464 / Sq Ft
12/10/2022 12/10/22 Price Changed $3,850,000 -3.6% $2,530 / Sq Ft
11/05/2022 11/05/22 Price Changed $3,995,000 -1.4% $2,625 / Sq Ft
10/14/2022 10/14/22 Price Changed $4,050,000 -4.7% $2,661 / Sq Ft
07/06/2022 07/06/22 For Sale $4,250,000 +44.1% $2,792 / Sq Ft
02/23/2021 02/23/21 Sold $2,950,000 +10627.3% $1,938 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
01/03/2021 01/03/21 Rented $27,500 -21.4% --
11/30/2020 11/30/20 Price Changed $35,000 0.0% $23 / Sq Ft
11/23/2020 11/23/20 For Sale $3,499,000 0.0% $2,299 / Sq Ft
11/20/2020 11/20/20 For Rent $25,000 -- --
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 $56,194 $3,147,840 -- --
2024 $51,743 $2,990,448 -- --
2023 $51,743 $2,513,194 $0 $0
2022 $47,698 $2,538,580 $0 $0
2021 $40,508 $2,098,000 $0 $0
2020 $40,616 $2,098,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10959879

MIAMI REALTORS® MLS

APN: 02-3202-165-0500