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+37 photosLuxury home — 718 NE 87th Street · No Shore Crest · Miami
$1,275,000
718 NE 87th Street, Miami, FL 33138
Miami, FL, 33138
— bd · — ba · 1,790 sqft
Listed by Best of Luxury Realty Corp.
718 NE 87th Street, Miami, FL 33138
Listed by Best of Luxury Realty Corp.
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Estimated monthly payment
$8,484/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $8,484/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesExceptional investment opportunity in Miami’s desirable Shorecrest neighborhood! Situated on a 7,000 SF lot, this versatile property features two separate living spaces, offering flexibility for investors seeking rental income, multi-generational living, or an owner-occupant investment strategy. The property includes a 2-bedroom, 1-bath main residence and a detached 1-bedroom, 1-bath cottage. The main home features a remodeled interior, modern kitchen with stainless steel appliances, and impact-resistant windows. The rear cottage offers a full 1 bedroom 1 bath unit with a separate kitchen and living area, a dedicated office or den, and a walk-in closet and a laundry room. With two distinct residences on one property, this offering presents an opportunity to explore multiple rental strategies, subject to applicable zoning, permitting, and rental regulations. Ideal for investors looking to expand their portfolio or buyers seeking flexibility and long-term investment potential in Miami. Two living spaces. One valuable investment opportunity. Endless possibilities.
Property Details
Your costs (est.)
≈ $8,484/mo
718 NE 87th Street, Miami, FL 33138 · Miami
Location
718 NE 87th Street, Miami, FL 33138
What buyers ask about this home
What are the estimated monthly carrying costs at 718 NE 87th Street, Miami, FL 33138?+
Property tax (after sale): $1,508/month est.; homeowners insurance: $361/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $1,868/month est. Principal and interest: $6,616/month; PMI: $0/month. Total for the payment scenario shown: $8,484/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 718 NE 87th Street, Miami, FL 33138?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 718 NE 87th Street, Miami, FL 33138 need flood insurance, and what drives the premium?+
Most of Miami sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 718 NE 87th Street, Miami, FL 33138?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 718 NE 87th Street, Miami, FL 33138?+
This listing has been on the market 0 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami. Distinct neighborhoods, local dining and shopping, with downtown, Brickell and MiamiCentral as everyday destinations.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Phyllis R. Miller Elementary School
Elementary · 0.1 mi from this home · 840 Ne 87Th St, Miami
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Mater Biscayne Academy North Miami Middle School
Middle school · Charter · Grades 6–8 · North Miami
Archdiocese Of Miami Virtual Catholic School
Pre-K & Kindergarten · Private · Catholic · Grades K–12 · Miami Shores
Advance Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · North Miami
Mcdonalds Playworld Community Development Inc Dba
Pre-K & Kindergarten · Private · Grades K–12 · Miami
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
Interested in this property?
$1,275,000 · MLS A12122756
$1,275,000
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