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Waterfront · Condominium
$4,850,000$2,735 / sqft
8701 Collins Ave # 606, Miami Beach FL 33154
Listed
2
Bedrooms
3
Bathrooms
1,773 sqft
Interior
2019
Year built
$5,903 / mo
HOA
Condominium
Type
About this home
Suspended in light: masterpiece living at Eighty Seven Park by Pritzker Prize-winning Renzo Piano Building Workshop. Residence 606 offers 2 bedrooms, 2.5 baths and 1,602 SF where the Atlantic Ocean meets a lush private park. Floor-to-ceiling glass in custom sunken frames opens to panoramic ocean, skyline and treetop views. Custom Molteni Dada kitchen with tailored Italian cabinetry, premium natural stone and integrated Gaggenau appliances. Interiors by Paris-based RDAI, designers for Hermes worldwide: wide-plank European oak floors, custom millwork and Zucchetti fixtures. Split-bedroom layout with custom walk-in closets and en-suite spa bath. A vertical villa above botanical grounds by West 8, with 2 oceanfront infinity pools framed by sun cabanas, a full-service beach club with private sand lounges, umbrella and towel service, a resident-only 1-acre gated oceanfront park, state-of-the-art fitness center, spa with hamam, steam room and treatment rooms, 24-hour concierge, doorman, valet and private wine cellars/tasting rooms. Nature, ocean breeze and architectural brilliance in harmony.
Features
- Built-in Features
- Closet Cabinetry
- Other
- Pantry
- Split Bedroom
- Walk-In Closet(s)
- Utility Room/Laundry
- East Of Us1
- Open Balcony
- Ocean View
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,600–$10,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.