$899,000
15700 SW 87th Avenue
Palmetto Bay, FL 33157
Explore the area: Palmetto Bay homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $899,000
- Price per sq ft
- $554
- Original price
- $940,000
- Days on market
- 144
This 4-bedroom single-family home in Coral Reef Estates went under contract with an asking price of $899,000, or $554 per square foot. The asking price has come down 4.4% from its original $940,000. It spent 144 days on the market before going under contract.
Estimated monthly payment
$4,725 /mo
Principal and interest only, based on $179,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $899,000
- Days on Site
- 144 Days
- Bedrooms
- 4
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,622 sqft
- Total Sq Ft
- 2,848 sqft
- Lot Size
- 0.34 Acres
- Year Built
- 1966
- Property Type
- Single Family
- MLS #
- A12022487
- Property Tax
- $5,549 (2025)
- Subdivision
- CORAL REEF ESTATES
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
NEW FRESH PRICE IN THE HEART OF PALMETTO BAY! Enjoy living and dining room combination with views of your private and tranquil fenced backyard oasis adjoining a covered patio for entertaining and fun barbecues. This 4 bedroom/2 bath home is fully protected with Accordion shutters throughout the home and small optional cameras. Kitchen has wood cabinets and granite counter tops w Stainless steel appliances. Easy to maintain wood and tile flooring. AC and tankless water heater upgraded. Septic tank replaced. Oversized Driveway upgraded with Pavers style tiles for extra guest parking. Minutes from top rated schools, great shopping, Coral Reef Park. Well maintained home by owners who enjoyed this charming style retreat.
MLS media linkGeneral Features
- Property Type
- Single Family
- Status
- Under Contract
- Year Built
- 1966
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached / Driveway / Garage
- Direction Faces
- East
- Lot Size (Acres)
- 0.34
- Living Sq Ft
- 1,622
- Total Sq Ft
- 2,848
- Sewer
- Public Sewer / Septic Tank
- Water Source
- Public / Well
- Zoning
- 2100
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Free Standing Freezer / Disposal / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Ceiling Fans / Electric
- Heating
- Electric
- Flooring
- Ceramic Tile / Wood
- Interior Features
- Bedroom On Main Level / Kitchen Island / Main Level Primary / Walk In Closets
- Laundry
- Washer Hookup / Dryer Hookup
- Total Rooms
- 1
- Furnished
- Unfurnished
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Roof
- Shingle
- Exterior Features
- Lighting / Outdoor Living Area / Room For Pool
- Patio & Porch
- Patio / Porch
- Lot Features
- Fruit Trees / Quarter To Half Acre Lot
- View
- Garden
Community & HOA
- Community Features
- Street Lights
- Security
- Smoke Detectors
- Financing Terms
- Cash / Conventional
- Restrictions
- Ok To Lease
- MLS Area
- 2500
Schools
- Elementary School
- Coral Reef (Miami-Dade)
- Middle School
- Southwood
- High School
- Miami Palmetto
About the Community
Coral Reef Estates is a community in Palmetto Bay, Miami-Dade County, Florida. Active listings are priced from $940,000 to $1,500,000. Homes were built between 1959 and 1966. Pure Equity lists homes in Coral Reef Estates and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 1
- Under Contract
- 2
- Median List Price
- $1,225,000
- Median $/Sq Ft
- $568
- Avg Days on Market
- 7
Frequently Asked Questions
- How do I schedule a tour of 15700 SW 87th Avenue, Palmetto Bay, FL 33157?
- Use the Tour button on this listing to request a showing of 15700 SW 87th Avenue, Palmetto Bay, FL 33157. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 15700 SW 87th Avenue, Palmetto Bay, FL 33157 still available?
- 15700 SW 87th Avenue, Palmetto Bay, FL 33157 is currently listed as Under Contract, and has been on the market 144 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 15700 SW 87th Avenue, Palmetto Bay, FL 33157?
- With 20% down ($179,800) on the $899,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 15700 SW 87th Avenue, Palmetto Bay, FL 33157 is about $4,725/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 15700 SW 87th Avenue, Palmetto Bay, FL 33157?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 15700 SW 87th Avenue, Palmetto Bay, FL 33157. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 15700 SW 87th Avenue, Palmetto Bay, FL 33157?
- 15700 SW 87th Avenue, Palmetto Bay, FL 33157 is zoned for Coral Reef (Miami-Dade) (elementary), Southwood (middle), Miami Palmetto (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 15700 SW 87th Avenue, Palmetto Bay, FL 33157?
- Often, yes. The right offer on 15700 SW 87th Avenue, Palmetto Bay, FL 33157 depends on how it's priced against comparable single family sales in Palmetto Bay, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Compass Florida, LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$899,000
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Listed by Edith Neuwahl, Compass Florida, LLC
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Recent Sales
Recently sold homes in Coral Reef Estates
These are the last 6 recorded closings in Coral Reef Estates, with the price each home actually sold for rather than what it was listed at. They closed at a median of $568 per square foot. The most recent closed on October 14, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,915,000
Sold · October 14, 2026
8600 SW 162nd Street
6 bed · 3 bath · 3,369 sqft · $568/sqft
$84,000 under the asking price
Sold$922,000
Sold · October 9, 2026
15200 SW 88th Avenue
3 bed · 2 bath · 2,536 sqft · $364/sqft
$227,000 under the asking price
Sold$1,450,000
Sold · July 20, 2026
15845 SW 87th Avenue
4 bed · 3 bath · 3,000 sqft · $483/sqft
$145,000 under the asking price
Sold$885,000
Sold · July 10, 2026
15821 SW 86th Avenue
3 bed · 2 bath · 1,436 sqft · $616/sqft
$5,000 under the asking price
Sold$980,000
Sold · June 3, 2026
15720 SW 87th Court
3 bed · 2 bath · 1,504 sqft · $652/sqft
Sold$950,000
Sold · May 22, 2026
8700 SW 159th Street
3 bed · 2 bath · 1,902 sqft · $499/sqft
$45,000 under the asking price
See every recorded sale in Coral Reef Estates or find out what your Coral Reef Estates home is worth.
