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Waterfront · Condominium
$5,995,000$3,761 / sqft
8701 Collins Ave # 904, Miami Beach FL 33154
Listed
2
Bedrooms
3
Bathrooms
1,594 sqft
Interior
2019
Year built
$5,368 / mo
HOA
Condominium
Type
About this home
Residence 904 at Eighty Seven Park presents a refined oceanfront living experience with 2 bedrooms and 2.5 bathrooms, thoughtfully designed with an open-concept layout and floor-to-ceiling glass that fills the home with natural light. A private elevator entry opens to expansive interiors flowing seamlessly to a generous terrace with stunning ocean views and a backdrop of the downtown skyline. The chef’s kitchen is anchored by a large island, ideal for both everyday living and entertaining. The primary suite features a spa-inspired bath with soaking tub, separate glass-enclosed shower, and dual vanities. Set within Renzo Piano’s iconic Eighty Seven Park, residents enjoy a five-star lifestyle with a full-service spa, two resort-style pools, private beach service, on-site dining, state-of-the-art fitness center, concierge, and housekeeping services, all curated for effortless luxury living.
Features
- Other
- Open Balcony
- Ocean View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.