How do I schedule a tour of 16840 SW 87th Avenue, Palmetto Bay, FL 33157?

Use the Tour button on this listing to request a showing of 16840 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 16840 SW 87th Avenue, Palmetto Bay, FL 33157 still available?

16840 SW 87th Avenue, Palmetto Bay, FL 33157 is currently listed as Sold, and has been on the market 219 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 16840 SW 87th Avenue, Palmetto Bay, FL 33157?

With 20% down ($198,800) on the $994,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 16840 SW 87th Avenue, Palmetto Bay, FL 33157 is about $5,224/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 16840 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 16840 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 16840 SW 87th Avenue, Palmetto Bay, FL 33157?

16840 SW 87th Avenue, Palmetto Bay, FL 33157 is zoned for Dr. Henry E. Perrine Academy Of The Arts (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 16840 SW 87th Avenue, Palmetto Bay, FL 33157?

Often, yes. The right offer on 16840 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.

Sold

219 Days on Market

1 / 21

All Listings

$975,000

Sold · December 18, 2025

16840 SW 87th Avenue

Palmetto Bay, FL 33157

MARAL ESTATES SEC 3

Explore the area: Palmetto Bay homes for sale · Miami Dade County real estate

Sale Summary

What this home sold for

Sold price: $975,000
Vs. list price: 1.9% under
Days on market: 219
Price per sq ft: $492

This 4-bedroom single-family home in ZIP 33157 sold for $975,000 on December 18, 2025. That was 1.9% below its final list price of $994,000. It first came on the market at $1,100,000, so the price was adjusted before it sold. It spent 219 days on the market. At $492 per square foot, it closed 31.2% above the $375 median of the 5 other single-family home sales in the recent closings shown below.

Bedrooms

Bathrooms

1,981

Living Sq Ft

1972

Year Built

Listing Snapshot

Sold Price: $975,000
Sold On: December 18, 2025
Days on Site: 219 Days
Bedrooms: 4
Total Baths: 2
Full Baths: 2
Partial Baths: 0
Living Area: 1,981 sqft
Total Sq Ft: 3,281 sqft
Lot Size: 0.35 Acres
Year Built: 1972
Property Type: Single Family
MLS #: A11792374
Property Tax: $6,923 (2024)
Subdivision: MARAL ESTATES SEC 3
County: Miami Dade
Status: Sold
Special Conditions: Listed As Is

About This Property

Canalfront, 4 bdrm/ 2 bath updated home in Palmetto Bay. Open concept living area, dining with butler’s pantry. Gorgeous, remodeled kitchen with quartz countertops, beautiful cabinetry, tile backsplash in herringbone design, center island and seating, beverage cooler. Family room w stone fireplace, currently used as 4th bedroom. Well-distributed guest bedrooms, new guest bath with artistic tile flooring, double sinks. Primary bdrm w/ serene pool views, glass enclosed shower, walk-in closet. Plank tile flooring in living areas, carpet flooring in bdrms. Impact glass windows/ doors. Metal roof. Fenced yard, screened-in pool with beach entry and modern, stone patio. Circular drive, 2 car garage with side entry.

Virtual Tour

General Features

Property Type: Single Family
Status: Sold
Year Built: 1972
Property Condition: Resale / Updated Remodeled
Number of Stories: 1
Levels: One
Garage Spaces: 2
Attached Garage: Yes
Parking: Attached / Circular Driveway / Garage
Direction Faces: East
Lot Size (Acres): 0.35
Living Sq Ft: 1,981
Total Sq Ft: 3,281
Sewer: Septic Tank
Water Source: Public
Zoning: 2100

Interior Features

Appliances: Dryer / Dishwasher / Electric Range / Microwave / Refrigerator / Washer
Cooling: Central Air / Electric
Heating: Central / Electric
Flooring: Carpet / Tile
Interior Features: Breakfast Bar / Bedroom On Main Level / Living Dining Room / Pantry / Separate Shower
Laundry: In Garage
Windows: Blinds / Drapes / Rods

Exterior Features

Construction: Block
Roof: Metal
Exterior Features: Outdoor Living Area / Porch
Private Pool: Yes
Pool Features: In Ground / Screen Enclosure
Patio & Porch: Porch / Screened
Lot Features: Quarter To Half Acre Lot / Sprinkler System
Waterfront: Yes
Waterfront Features: Canal Front / Other
Frontage Length: 0.00 ft
View: Canal / Pool

Community & HOA

Association Amenities: None
Utilities: Cable Available
Pets Allowed: No Pet Restrictions / Yes
Financing Terms: Cash / Conventional
Restrictions: No Restrictions
MLS Area: 2500

Schools

Elementary School: Dr. Henry E. Perrine Academy Of The Arts
Middle School: Southwood
High School: Miami Palmetto

About the Area

Palmetto Bay

View Palmetto Bay Real Estate →

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: 149
Median List Price: $1,485,000
Median $/Sq Ft: $553
Avg Days on Market: 101

View all 149 homes for sale in Palmetto Bay →

Frequently Asked Questions

How do I schedule a tour of 16840 SW 87th Avenue, Palmetto Bay, FL 33157?: Use the Tour button on this listing to request a showing of 16840 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 16840 SW 87th Avenue, Palmetto Bay, FL 33157 still available?: 16840 SW 87th Avenue, Palmetto Bay, FL 33157 is currently listed as Sold, and has been on the market 219 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 16840 SW 87th Avenue, Palmetto Bay, FL 33157?: With 20% down ($198,800) on the $994,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 16840 SW 87th Avenue, Palmetto Bay, FL 33157 is about $5,224/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 16840 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 16840 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 16840 SW 87th Avenue, Palmetto Bay, FL 33157?: 16840 SW 87th Avenue, Palmetto Bay, FL 33157 is zoned for Dr. Henry E. Perrine Academy Of The Arts (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 16840 SW 87th Avenue, Palmetto Bay, FL 33157?: Often, yes. The right offer on 16840 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 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 July 1, 2026.

$975,000

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Listed by Drew Kern, BHHS EWM Realty

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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 $402 per square foot. The most recent closed on October 1, 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.