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What we cover
8701 Collins Ave, Miami Beach 33154
2021
Year Built
67
Units
CI Score
Moderate
4
For Sale
$5.4M
Avg Price
$3,972
Sale $/SF
2
For Rent
$25,000
Avg Rent
$16.42
Rent $/SF
-6.2%
YoY
For Sale
4
For Rent
2
Investor-Owned
80%
Avg HOA
$11,652/mo
87 Park is an ultra-luxury residential building located on Collins Avenue in Miami Beach, completed in 2021. Featuring 67 units ranging from studios to 5-bedroom residences with sizes from 851 to 10,322 square feet, the property caters to the high-end market with an average price point of $2,493 per square foot. The building represents contemporary Miami Beach luxury living with premium finishes and oceanfront proximity.
Address
8701 Collins Ave, Miami Beach, 33154
Neighborhood
Miami Beach
Year Built
2021
Total Units
67
Avg Unit Sqft
2,244 SF
Tier
Ultra Luxury
Avg $/SF
$3,971.63
Avg Rent
$25,000/mo
Rent $/SF
$16.42/SF
HOA Range
$11,652 – $11,652
Google Rating
4.3 (49 reviews)
Neighborhood Rank
Top 1%
Avg Unit Value
$5.2M
Total Sales (All-Time)
129
Amenities
Sale Price Trend ($/SF)
$3,972
Rental Price Trend ($/SF)
$16.13
Building Activity
Days on Market
369
days
Sitting longer
Months of Inventory
16.0
months
Buyer's market
Sale-to-List Ratio
90.3%
Buyers negotiating
Price Reductions
100%
of listings
Many price cuts
Closed Sales (120d)
1
transactions
Low volume
Active Listings
For Sale (4)
$1.9M
Unit 1103
$5.0M
$5.8M
$6.3M
For Rent (2)
$25K
Unit 604
$25K
Recent Sales
| Date | Price | $/SF | Bed/Bath | SF |
|---|---|---|---|---|
| Jul 21, 2025 | $4.1M | $2,693.82 | 2/3 | 1,522 |
| May 14, 2025 | $2.9M | $1,779.03 | 2/3 | 1,602 |
| May 13, 2025 | $2.9M | $1,779.03 | 2/2 | 1,602 |
| Jan 24, 2025 | $29.0M | $4,545.45 | 6/7 | 6,380 |
| Jan 21, 2025 | $27.8M |
Total Units
67
Avg Sqft
2,244 SF
Avg Assessed
$5.1M
Owner-Occupied
20%
Tax & Ownership
Investor-Owned
80%
Owner-Occupied
20%
Avg Assessed Value
$5.1M
Avg Taxable Value
$5.1M
Effective Year Built
2021
Zoning
4000
Unit Mix
Avg 7,199 SF
Avg 851 SF
Avg 1,574 SF
Avg 2,497 SF
Avg 3,122 SF
Avg 3,804 SF
Unit Directory
Showing 10 of 67 units| Unit | Beds | Baths | SF | Assessed | Owner | Last Sale | $/SF | Sale Date |
|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | — | — | — | — |
| 301 | 3 | 3 | 2,233 | $4.9M | — | $3.6M | $1,612 | Mar 2021 |
| 302 | 3 | 3 | 2,279 | $5.6M | — | $6.1M | $2,688 | Jan 2020 |
| 304 | 2 | 2 | 1,457 | $2.3M | — | $3.0M | $2,059 | Jun 2022 |
| 306 | 2 | 2 | 1,602 | $2.7M | — | $2.9M | $1,779 | May 2025 |
| 401 | 3 | 3 | 2,233 | $5.0M | ✓ | $5.5M | $2,463 | Apr 2022 |
| 402 | 3 | 3 | 2,279 | $5.6M | — | $6.5M | $2,852 | Dec 2019 |
| 403 | 1 | 1 | 851 | $970K | ✓ | $1.4M | $1,586 | Dec 2024 |
| 404 | 2 | 2 | 1,457 | $2.5M | — | $3.2M | $2,213 | Jul 2024 |
| 405 | 2 | 2 | 1,522 | $2.7M | — | $2.3M | $1,478 | Nov 2019 |
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Neighborhood
Miami Beach →
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Building Snapshot
| $4,732.36 |
| —/— |
| 5,866 |
| Dec 4, 2024 | $1.4M | $1,586.37 | 1/2 | 851 |
| Dec 3, 2024 | $1.4M | $1,586.37 | 1/1 | 851 |
| Sep 6, 2024 | $1.8M | $2,056.4 | 1/1 | 851 |
| Aug 19, 2024 | $1.8M | $1,719.06 | 1/2 | 1,018 |
| Jul 30, 2024 | $3.2M | $2,023.21 | 2/3 | 1,594 |