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1
Bedrooms
2
Bathrooms
851 sqft
Interior
2019
Year built
$3,062 / mo
HOA
Condominium
Type
About this home
Rare Find! Be one of the few to dwell at 87 Park, Renzo Piano's architectural masterpiece located right next to North Beach Oceanside Park, Miami Beach's 28 acres beachfront park, on the limit with the Village of Surfside and minutes away form prestigious Bal Harbor and its iconic Mall. Enjoy unobstructed ocean view from this spacious 850 SF, one bedroom and one and a half bathroom, that can be accessed by private elevator, with a splendid 480 SF terrace with outdoor kitchen. 87 Park is a full-service building featuring a 2-acre resident’s private sculpture garden with 2 pools, poolside cabanas, access to the beach and the Boardwalk. Residents are provided with beach services, and can enjoy a gym with state-of-the-art equipment, spa with Hammam, sauna, steam rooms and private treatments rooms, 24-hr. concierge, valet and more. The lobby bar enoteca and poolside Fugo Bar, provide residents with lite meals, happy hour drinks and complimentary coffee bar on the premises. The residence is beautifully appointed, furnished in European style and with a Grand Piano that can be purchased with the unit.
Features
- Cooking Island
- Elevator
- Fire Sprinklers
- Entrance Foyer
- Open Balcony
- Ocean View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,850.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.