700 NE 87 ST, Miami, FL 33138
Parcel: 0132060281130 · Multifamily 2-9 Units · 2 Living Units · Zoning: 4600
Assessed Value (2025)
$648,924
Property Details
Beds
2
Baths
2
Living Sqft
2,226
Year Built
1937
Lot Sqft
7,000
Stories
1
MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS
Sales History
1
$100non-market transfer
2022-04-28
ALEXIS CAPUTO → MAXINE MARTHA CAPUTO
2
$770,000
2022-04-29
MAXINE MARTHA CAPUTO → BEN NWADIKE
3
N/A
2022-05-05
4
$770,000
2022-05-05
5
$100non-market transfer
2025-03-17
BEN NWADIKE → EKWADIE LLC
6
N/A
2025-04-17
7
$965,000
2026-04-29
EKWADIE LLC → 1609 1ST AVE W LLC
Tax Assessment History
$648,924
Assessed (2025)
$648,924
Market Value
$648,924
Taxable Value
$13,212
Annual Tax
2024
$648,924
2025
$648,924
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $648,924 | $648,924 | $648,924 | $13,212 | $525,000 | $123,924 |
| 2024 | $648,924 | $648,924 | $648,924 | $13,212 | $525,000 | $123,924 |
About 700 NE 87 ST, Miami, FL 33138
700 NE 87 ST, Miami, FL 33138 is a 2-bedroom, 2-bathroom multifamily 2-9 units : 2 living units built in 1937 with 2,226 square feet of living space on a 7,000 square foot lot. The property is currently owned by 1609 1ST AVE W LLC, recorded as of 2026-06-14. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2026-04-29 for $965,000, when EKWADIE LLC sold to 1609 1ST AVE W LLC. There are 7 recorded sales for this property. The 2025 assessed value is $648,924 with a market value of $648,924.
This breaks down to $525,000 for the land and $123,924 for the building. The median household income in this area is $59,331, and the median home value is $689,400. The population density is 9,766 people per square mile.
There are active mortgage liens totaling $486,958 recorded against this property. 700 NE 87 ST, Miami, FL 33138 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records.
The complete ownership history of this property spans from 2022 to 2026, with 7 recorded transactions in the public record. The current assessed value represents 67% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase.
Based on the most recent sale, this property traded at $434 per square foot — a key metric for comparing value across Miami's real estate market..
Current Owner
1609 1ST AVE W LLC
110 W CODA CIR, DELRAY BEACH, FL, 33444
Since: 2026-06-14
View owner profile →
People Behind This Entity
Registered Agent: NORTHWEST REGISTERED AGENT SERVICES LLC
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Est. Annual Insurance
$8,187 — $15,076
Flood $400 — $800
Property/Wind $7,787 — $14,276
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$59,331
Median Home Value$689,400
Pop. Density9,766/sq mi
Neighborhood 33138
48.5%
Owner-Occ
51.5%
Investor
305
Flips (4yr)
6,055
New Biz (3yr)
Distress Risk
MODERATE
39
Mortgages
ACTIVE
$780,000
CL-LM RESI PURCHASER TRUST 1 · 2026-02-27
2 satisfied mortgages
SATISFIED 2025-04-17
$700,000
NVESTOR FUNDING INC
SATISFIED 2022-05-05
$473,875
UNITED WHOLESALE MORTGAGE
Est. Total Balance $486,958
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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