5 months on rocket

718 NE 87th St, Miami, FL, 33138

$1,149,900

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,790 SqFt
$642/SqFt
House

Location

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718 NE 87th St, Miami$1,149,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1937
HeatingCentral
CoolingCentral Air
ViewGarden
MLS #A11595792
StatusActive

About 718 NE 87th St

Welcome to "Casa Paradise Palms" the cutest bungalow you can find in Shorecrest. This unique property features two homes situated on a spacious 7,000 square foot lot. The main home features 2 bedrooms and 1 bathroom that has been fully remodeled including a sleek, modern kitchen with S/S appliances and impact windows. The cottage in the back has a 1/1 with a dedicated office/den space, full living room, kitchen and walk in closet. Excellent location minutes from Miami Beach, Design District, Bal Harbour and Downtown Miami.

Property Details

Property Features

Property Information:

  • Architectural Style: Detached, Mediterranean
  • Year Built: 1937
  • Living Area: 1,790 SqFt

Listing Office:

  • Office Name: Luxe Properties
  • Office Phone: (305) 809-7650
  • Listing Agent: Wesley Ulloa

Interior Features

Interior Information:

  • Appliances: Dryer, Washer
  • Flooring Type: Wood
  • Interior: Bedroom on Main Level, First Floor Entry

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Garden
  • Exterior: Fence, Security/High Impact Doors, Lighting, Patio

Parking Information:

  • Parking: Driveway

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,149,900
  • Price Per SqFt: $642/SqFt

Tax Information:

  • Annual Amount: $6,905
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

718 NE 87th St vs Miami

173 DAYS ON ROCKET

+113 Days

$1,149,900

+$589.4K More

$642/SqFt

+$252 More

KEY TAKEAWAY

This property is $589.4K more than the Median Sold Price and $252/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11595792

Listing Office:

  • Office Name: Luxe Properties
  • Office Phone: (305) 809-7650
  • Listing Agent: Wesley Ulloa

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 6:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,905$364,983
2018$5,684$206,668
2017$5,490$295,157

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-862042
8
/10

  • Phyllis R. Miller Elementary School

  • 840 NE 87th St

  • 0.11 miles

  • Public Magnet Grades PK-5

school-card-donut-862043
7
/10

  • Miami Shores Elementary School

  • 10351 NE 5th Ave

  • 1.08 miles

  • Public District Grades PK-5

school-card-donut-862044
6
/10

  • Morningside K-8 Academy

  • 6620 NE 5th Ave

  • 1.29 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,121. Residents of Miami, FL typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 718 NE 87th St

What is the listing price of this property?

The listing price of 718 NE 87th St property is $1,149,900.

What type of property is this?

The property 718 NE 87th St is a house located in Miami, Florida, 33138.

Is this property for sale now?

Active Listing: 718 NE 87th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,905 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 718 NE 87th St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 718 NE 87th St is 1,790 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 718 NE 87th St is 1937.

Rocket Homes›Florida›Miami-Dade County›Miami›33138›718 NE 87th St

This home is located at 718 NE 87th St in Miami, FL and zip code 33138 in the North Bayfront neighborhood. This 1,790 square foot home was built in 1937. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 29, 2024 and is currently priced at $1,149,900.

In October 2024 more than 62 listings in Miami, FL were sold above the asking price. During the same period more than 129 listings were sold at asking price, while more than 507 were sold below. The inventory of homes for sale in Miami, FL between September 2024 and October 2024 increased by 8.3%. While the average time on the market in October 2024 was 60 days, the median list price was $560,436.

From Rocket Homes Real Estate and based on county public records data.

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