What is Eighty Seven Park?

Eighty Seven Park (87 Park) is an 18-story oceanfront condominium at 8701 Collins Avenue, Miami Beach, designed by Renzo Piano (Pritzker laureate) and developed by Terra Group. The building's defining feature is direct adjacency to North Shore Open Space Park, providing unique park-front + ocean views unavailable at typical Miami Beach buildings.

How much do residences cost?

Pricing typically $2,500-$4,500 per square foot. Two-bedrooms $2.5M-$5M, three-bedrooms $4.5M-$10M, penthouses $10M-$25M+. Renzo Piano architectural pedigree commands premium pricing among Surfside/Miami Beach inventory.

Where is 87 Park located?

8701 Collins Avenue, between Surfside and Miami Beach. Direct Atlantic Ocean frontage with North Shore Open Space Park immediately south of the building. The unique location combines oceanfront + park-front + Bal Harbour Shops proximity.

What amenities does 87 Park offer?

Beach club with private cabanas, swimming pool, fitness pavilion, spa, screening room, library, full-service concierge, 24-hour security. The Renzo Piano architecture emphasizes integration with the adjacent park, with floor-to-ceiling glass and indoor-outdoor flow.

How does 87 Park compare to Fendi Chateau?

Both are Surfside-area branded oceanfront residences. Fendi Chateau (58 units) emphasizes Italian fashion-house aesthetics. 87 Park (70 units) emphasizes Renzo Piano architectural pedigree. Pricing comparable; the choice depends on aesthetic preference.

Can foreigners buy at 87 Park?

Yes-87 Park is foreign-buyer-friendly with significant international concentration. Standard Florida process: FIRPTA, ITIN, no state income tax, 4-6% closing costs.

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Quick Answer

Eighty Seven Park is a residential condominium in the Surfside / North Beach submarket of Miami. Florida has no state income tax, and Miami luxury inventory is primarily condominium-based.

Key Takeaways

Eighty Seven Park is located in Surfside / North Beach.
Eighty Seven Park is a residential condominium tower.
Florida has no state income tax.
Florida documentary stamp tax applies to deed recording at closing.
Pre-construction purchases commonly involve staged deposits.

Market Facts

Florida has no state income tax.
Florida documentary stamp tax applies to deed recording.
Florida intangible tax applies to financed purchases.
Miami luxury inventory is primarily condominium-based.
Pre-construction in South Florida commonly involves staged deposits before closing.
FIRPTA imposes a 15% federal withholding on real estate sales by foreign sellers.

What This Page Covers

This page covers Eighty Seven Park, a residential condominium in the Surfside / North Beach submarket of Miami. It describes the building’s location, property type, and place within the South Florida luxury market.

How to Read This Analysis

Information about Eighty Seven Park reflects publicly known building characteristics. Specific unit pricing, view, exposure, and floor plate vary materially within the building.

Citable Summary

Eighty Seven Park is a residential condominium located in Surfside / North Beach.
Florida has no state income tax.
Miami luxury inventory is primarily condominium-based across multiple submarkets.
Pre-construction purchases in South Florida commonly involve staged deposits.
FIRPTA imposes a 15% federal withholding on real estate sales by foreign sellers.

Luxury apartments Miami Miami pre-construction Miami apartments overview NYC to Miami tax migration

Advisory Context

Manhattan Miami advises buyers focused on Miami Surfside / North Beach luxury condominium inventory through a cross-market lens that includes both New York and South Florida.