$1,265,000list price
Per sq ft$707
0 ba · 1,790 sq ft 2 to 4 units
718 NE 87TH ST, MIAMI, FL 33138
Listing courtesy of Best of Luxury Realty Corp.. MLS# A12104485.On the MLS · Listed Oct 8
$1,175,000
8701 NE 8TH CT, MIAMI, FL 33138
0 baths2,664 sq ft2 to 4 unitsBuilt 1940
Updated today, November 3, 2026This home against the area
$441 per sq ft
106 days on the market
$10,594 in property taxes (2025)
About this home
Prime Corner-Lot Opportunity in Shore Crest! This rare 11,994 SF parcel is zoned for up to four units, just minutes from Biscayne Bay. Three tenant-occupied residences across separate structures: two 3-bedroom/1-bath units and one 1-bedroom/1-bath - currently generate $72,000 in annual income, giving investors immediate cash flow while they plan their next move: renovate the existing units for higher rents or clear the lot and build new.Shore Crest sits minutes from Miami's beaches, waterfront parks, marinas, and the restaurants and nightlife along Biscayne Boulevard, with Downtown Miami and the Design District just a short drive away. For a developer or investor, this is a rare combination: immediate income to offset holding costs, a corner lot with real flexibility for up to four units, and a location positioned for long-term appreciation. Buyer to verify zoning, permitted use, and development potential.
Zoned schools
Elementary: Phyllis R. Miller Elementary School
Middle: Horace Mann Middle School
High: Miami Edison Senior High School
From Miami-Dade County Public Schools attendance zones.
Listing courtesy of Compass Florida, LLC. MLS# A12058364.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed July 20, 2026.
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