$320,000
Sold · March 12, 2026
506 NW 87th Avenue 406
FERNWOODS CONDO NO 2 BLDG
Explore the area: Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $320,000
- Vs. list price
- 1.5% under
- Days on market
- 57
- Price per sq ft
- $268
This 2-bedroom condo in ZIP 33172 sold for $320,000 on March 12, 2026. That was 1.5% below its final list price of $325,000. It spent 57 days on the market. At $268 per square foot, it closed in line with the $265 median of the 5 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $320,000
- Sold On
- March 12, 2026
- Days on Site
- 57 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,194 sqft
- Total Sq Ft
- 1,194 sqft
- Year Built
- 1974
- Property Type
- Condo
- MLS #
- A11923680
- Property Tax
- $1,970 (2025)
- HOA Fees
- $364 / Monthly
- Subdivision
- FERNWOODS CONDO NO 2 BLDG
- County
- Miami Dade
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Top-floor condo with spectacular lakefront views! Located just minutes from FIU, Miami International Airport, Dolphin Mall, and International Mall, and within walking distance to Walmart and nearby shops. This bright and spacious unit features a soaring-ceiling living area, a well-sized kitchen, and a large screened balcony perfect for relaxing or entertaining. Completely remodeled unit. Community amenities include a pool, barbecue area, and more. The building has passed the 40-year inspection and features a new roof and updated elevator.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 1974
- Number of Stories
- 4
- Garage Spaces
- 0
- Direction Faces
- East
- Living Sq Ft
- 1,194
- Total Sq Ft
- 1,194
Interior Features
- Appliances
- Dryer / Electric Range / Electric Water Heater / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Ceiling Fans / Electric
- Heating
- Central / Electric
- Flooring
- Ceramic Tile
- Interior Features
- Elevator / Living Dining Room / Other / Separate Shower / Walk In Closets
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Architectural Style
- Other
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- Lake Front / Other
- View
- Lake
Community & HOA
- HOA Fee
- $364 / Monthly
- HOA Includes
- Common Areas / Insurance / Legal Accounting / Maintenance Grounds / Maintenance Structure / Pools / Recreation Facilities / Reserve Fund / Roof / Sewer / Security / Trash / Water
- Association Amenities
- Elevators / Maintenance Grounds / Pool / Parking
- Security
- Other
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Limited Number Vehicles / Other Restrictions
- MLS Area
- 2400
Schools
- Elementary School
- Charles R. Hadley
- Middle School
- Ruben Dario
- High School
- Miami Coral Park
About the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami 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 Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 9,370
- Under Contract
- 1,779
- Median List Price
- $645,000
- Median Sale Price (September)
- $592,500
- Median $/Sq Ft
- $509
- Avg Days on Market
- 144
Frequently Asked Questions
- How do I schedule a tour of 506 NW 87th Avenue 406, Miami, FL 33172?
- Use the Tour button on this listing to request a showing of 506 NW 87th Avenue 406, Miami, FL 33172. 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 506 NW 87th Avenue 406, Miami, FL 33172 still available?
- 506 NW 87th Avenue 406, Miami, FL 33172 is currently listed as Sold, and has been on the market 57 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 506 NW 87th Avenue 406, Miami, FL 33172?
- With 20% down ($65,000) on the $325,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 506 NW 87th Avenue 406, Miami, FL 33172 is about $1,708/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 506 NW 87th Avenue 406, Miami, FL 33172?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 506 NW 87th Avenue 406, Miami, FL 33172. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 506 NW 87th Avenue 406, Miami, FL 33172 have an HOA fee?
- Yes: 506 NW 87th Avenue 406, Miami, FL 33172 carries an HOA fee of about $364 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 506 NW 87th Avenue 406, Miami, FL 33172?
- 506 NW 87th Avenue 406, Miami, FL 33172 is zoned for Charles R. Hadley (elementary), Ruben Dario (middle), Miami Coral Park (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 506 NW 87th Avenue 406, Miami, FL 33172?
- Often, yes. The right offer on 506 NW 87th Avenue 406, Miami, FL 33172 depends on how it's priced against comparable condo sales in Miami, 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 IL Mare Properties, 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 August 30, 2026.
$320,000
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Listed by Anadalys De Armas, IL Mare Properties, LLC.
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Recent Sales
Recently sold homes in ZIP 33172
These are the last 6 recorded closings in ZIP 33172, with the price each home actually sold for rather than what it was listed at. They closed at a median of $269 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$250,000
Sold · October 15, 2026
9320 Fontainebleau Boulevard 401
2 bed · 2 bath · 870 sqft · $287/sqft
$18,000 under the asking price
Sold$240,000
Sold · October 14, 2026
571 NW 107th Avenue 107
1 bed · 1 bath · 893 sqft · $269/sqft
$1 over the asking price
Sold$220,000
Sold · October 13, 2026
8775 Park Boulevard 123
2 bed · 2 bath · 1,194 sqft · $184/sqft
$44,500 under the asking price
Sold$330,000
Sold · October 9, 2026
10339 NW 9th St Circle 2-2
3 bed · 2 bath · 1,245 sqft · $265/sqft
$70,000 under the asking price
Sold$270,000
Sold · October 8, 2026
702 NW 87th Avenue 105
2 bed · 2 bath · 1,194 sqft · $226/sqft
$17,000 under the asking price
Sold$375,000
Sold · October 7, 2026
10327 NW 9th St Circle 1-7
3 bed · 2 bath · 1,306 sqft · $287/sqft
$35,000 under the asking price
See every recorded sale in ZIP 33172 or find out what your ZIP 33172 home is worth.
