Price Check
How this price compares
- List price
- $1,265,000
- Price per sq ft
- $707
- Original price
- Unchanged
- Days on market
- 4
This multi-family property in ZIP 33138 is listed at $1,265,000, or $707 per square foot. It has been on the market for 4 days.
Estimated monthly payment
$6,648 /mo
Principal and interest only, based on $253,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,265,000
- Days on Site
- 4 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 1,790 sqft
- Total Sq Ft
- 1,790 sqft
- Year Built
- 1937
- Property Type
- Multi-Family
- MLS #
- A12104485
- Property Tax
- $13,188 (2025)
- Subdivision
- NO SHORE CREST
- County
- Miami Dade
- Status
- Active
About This Property
Exceptional 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.
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1937
- Number of Stories
- 1
- Living Sq Ft
- 1,790
- Total Sq Ft
- 1,790
- Structure Type
- Duplex
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 4600
Interior Features
- Cooling
- Central Air
- Heating
- Other
- Flooring
- Tile
Exterior Features
- Construction
- Block
- Roof
- Shingle
- Exterior Features
- Outdoor Living Area
- Patio & Porch
- Porch
- Lot Features
- Fruit Trees / Quarter To Half Acre Lot
Community & HOA
- Utilities
- Cable Not Available
- Financing Terms
- Cash / FHA / Va Loan
- MLS Area
- 2320
Schools
- Elementary School
- Phyllis R. Miller
- Middle School
- Horace Mann
- High School
- Miami Edison
About the Community
- Homes for Sale
- 2
- Under Contract
- 0
- Median List Price
- $1,265,000
- Median $/Sq Ft
- $707
- Avg Days on Market
- 3
Frequently Asked Questions
- How do I schedule a tour of 718 NE 87th Street, Miami, FL 33138?
- Use the Tour button on this listing to request a showing of 718 NE 87th Street, Miami, FL 33138. 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 718 NE 87th Street, Miami, FL 33138 still available?
- 718 NE 87th Street, Miami, FL 33138 is currently listed as Active, and has been on the market 4 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 718 NE 87th Street, Miami, FL 33138?
- With 20% down ($253,000) on the $1,265,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 718 NE 87th Street, Miami, FL 33138 is about $6,648/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 718 NE 87th Street, Miami, FL 33138?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 718 NE 87th Street, Miami, FL 33138. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 718 NE 87th Street, Miami, FL 33138?
- 718 NE 87th Street, Miami, FL 33138 is zoned for Phyllis R. Miller (elementary), Horace Mann (middle), Miami Edison (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 718 NE 87th Street, Miami, FL 33138?
- Often, yes. The right offer on 718 NE 87th Street, Miami, FL 33138 depends on how it's priced against comparable multi-family 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 Best of Luxury Realty Corp.
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 October 11, 2026.
$1,265,000
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Listed by Iuliia Zohar, Best of Luxury Realty Corp.
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Recent Sales
Recently sold homes in ZIP 33138
These are the last 6 recorded closings in ZIP 33138, with the price each home actually sold for rather than what it was listed at. They closed at a median of $675 per square foot. The most recent closed on October 13, 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$1,400,000
Sold · October 13, 2026
1010 NE 105th Street
2 bed · 2 bath · 1,821 sqft · $769/sqft
$400,000 under the asking price
Sold$285,000
Sold · October 12, 2026
680 NE 64th Street A110
1 bed · 1 bath · 741 sqft · $385/sqft
$14,500 under the asking price
Sold$665,000
Sold · October 9, 2026
430 NE 75th Street
0 bed · 0 bath · 2,273 sqft · $293/sqft
$134,000 under the asking price
Sold$1,099,000
Sold · October 9, 2026
10650 NE 11th Court
3 bed · 2 bath · 1,629 sqft · $675/sqft
Sold$740,000
Sold · October 7, 2026
7640 NE 3rd Place
0 bed · 0 bath
$59,500 under the asking price
Sold$4,080,000
Sold · October 5, 2026
1001 NE 96th Street
5 bed · 4 bath · 3,955 sqft · $1,032/sqft
$319,000 under the asking price
See every recorded sale in ZIP 33138 or find out what your ZIP 33138 home is worth.
