$980,000
16101 SW 87th Court
Palmetto Bay, FL 33157
CORAL REEF ESTATES 4TH AD
Explore the area: Palmetto Bay homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $980,000
- Price per sq ft
- $492
- Original price
- Unchanged
- Days on market
- 15
This 4-bedroom single-family home in ZIP 33157 is listed at $980,000, or $492 per square foot. It has been on the market for 15 days.
Estimated monthly payment
$5,150 /mo
Principal and interest only, based on $196,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $980,000
- Days on Site
- 15 Days
- Bedrooms
- 4
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,992 sqft
- Total Sq Ft
- 3,144 sqft
- Lot Size
- 0.36 Acres
- Year Built
- 1968
- Property Type
- Single Family
- MLS #
- A12086588
- Property Tax
- $3,973 (2025)
- Subdivision
- CORAL REEF ESTATES 4TH AD
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Bring your vision and finish creating your dream home! This north facing Palmetto Bay home offers 4BR/2BA and tremendous potential on an oversized 15,525 SqFt corner lot with many significant improvements completed and more underway. Major upgrades include a 2024 metal roof, double-strapped to the walls with filtered gutters; impact windows & doors with upgraded extra thick glass(final installation scheduled Oct. 2026); Accordion shutters on the east patio side and south backyard pool area, air handler installed in 2023 and a 5-ton A/C compressor installed in 2024. An impressive 45ft x 16ft vaulted covered patio on the east side with cedar tongue-and-groove ceiling and substantial concrete columns creates an exceptional outdoor living space. On the south private fenced back yard enjoy the daily sun-filled Catalina pool with four built-in planters. Recently painted, Mexican tile floors, lath & plaster walls and ceilings, a large living room, a formal dining room, and a kitchen with all wood cabinetry, exotic granite countertops with full backsplash, a stainless-steel sink with a high-end faucet,all contribute to a rich decor. The enlarged 2-car garage adds to the ample room for a boat, camper or additional vehicles. Mature Royal Poinciana, Live Oaks, Ironwoods, Green Buttonwoods, Spanish Caper, lychee, and mango trees enhance this special property. A true Diamond in the Rough—complete the transformation and make it your own!
MLS media linkGeneral Features
- Property Type
- Single Family
- Status
- Active
- Year Built
- 1968
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached / Driveway / Garage
- Direction Faces
- North
- Lot Size (Acres)
- 0.36
- Living Sq Ft
- 1,992
- Total Sq Ft
- 3,144
- Sewer
- Septic Tank
- Water Source
- Public
- Zoning
- 2100
Interior Features
- Appliances
- Electric Range / Refrigerator
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Carpet / Tile
- Interior Features
- Bedroom On Main Level / Breakfast Area / Dining Area / Separate Formal Dining Room / Separate Shower / Stacked Bedrooms
- Windows
- Blinds
- Total Rooms
- 8
Exterior Features
- Construction
- Block
- Roof
- Metal
- Exterior Features
- Outdoor Living Area
- Private Pool
- Yes
- Pool Features
- In Ground
- Patio & Porch
- Porch
- Lot Features
- Corner Lot / Quarter To Half Acre Lot
- View
- Garden / Pool
Community & HOA
- Association Amenities
- None
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 2500
Schools
- Elementary School
- Coral Reef (Miami-Dade)
- Middle School
- Southwood
- High School
- Miami Palmetto
About the Area
Browse Palmetto Bay homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Palmetto Bay includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Palmetto Bay listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 104
- Under Contract
- 39
- Median List Price
- $1,495,000
- Median Sale Price (September)
- $1,217,500
- Median $/Sq Ft
- $560
- Avg Days on Market
- 95
Frequently Asked Questions
- How do I schedule a tour of 16101 SW 87th Court, Palmetto Bay, FL 33157?
- Use the Tour button on this listing to request a showing of 16101 SW 87th Court, 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 16101 SW 87th Court, Palmetto Bay, FL 33157 still available?
- 16101 SW 87th Court, Palmetto Bay, FL 33157 is currently listed as Active, and has been on the market 15 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 16101 SW 87th Court, Palmetto Bay, FL 33157?
- With 20% down ($196,000) on the $980,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 16101 SW 87th Court, Palmetto Bay, FL 33157 is about $5,150/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 16101 SW 87th Court, Palmetto Bay, FL 33157?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 16101 SW 87th Court, 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 16101 SW 87th Court, Palmetto Bay, FL 33157?
- 16101 SW 87th Court, 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 16101 SW 87th Court, Palmetto Bay, FL 33157?
- Often, yes. The right offer on 16101 SW 87th Court, 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 BHHS EWM Realty
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 September 15, 2026.
$980,000
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Listed by Christine L Stiphany, BHHS EWM Realty
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Recent Sales
Recently sold homes in ZIP 33157
These are the last 6 recorded closings in ZIP 33157, with the price each home actually sold for rather than what it was listed at. They closed at a median of $463 per square foot. The most recent closed on October 15, 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$883,000
Sold · October 15, 2026
8425 SW 174th Street
4 bed · 3 bath · 1,993 sqft · $443/sqft
$41,999 under the asking price
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$720,000
Sold · October 13, 2026
17405 SW 109th Court
3 bed · 2 bath · 1,976 sqft · $364/sqft
$79,000 under the asking price
Sold$875,000
Sold · October 13, 2026
18451 SW 90th Avenue
4 bed · 2 bath · 1,656 sqft · $528/sqft
$4,000 under the asking price
Sold$665,000
Sold · October 13, 2026
9921 SW 195th Street
2 bed · 2 bath
Sold$1,800,000
Sold · October 13, 2026
5996 Paradise Point Drive
3 bed · 4 bath · 3,885 sqft · $463/sqft
$50,000 under the asking price
See every recorded sale in ZIP 33157 or find out what your ZIP 33157 home is worth.
