16101 Sw 87th Ct

Palmetto Bay, FL
$ 980,000 Beds 4 Baths 2 Sq 1,992 Virtual Tour
Monthly Estimate* How much can I afford?

Bring your vision and finish creating your dream home! This north facing Palmetto Bay home offers 4BR/2BA and tremendous potential on an oversized 15,525 SqFt corner lot with many significant improvements completed and more underway. Major upgrades include a 2024 metal roof, double-strapped to the walls with filtered gutters; impact windows & doors with upgraded extra thick glass(final installation scheduled Oct. 2026); Accordion shutters on the east patio side and south backyard pool area, air handler installed in 2023 and a 5-ton A/C compressor installed in 2024. An impressive 45ft x 16ft vaulted covered patio on the east side with cedar tongue-and-groove ceiling and substantial concrete columns creates an exceptional outdoor living space. On the south private fenced back yard enjoy the daily sun-filled Catalina pool with four built-in planters. Recently painted, Mexican tile floors, lath & plaster walls and ceilings, a large living room, a formal dining room, and a kitchen with all wood cabinetry, exotic granite countertops with full backsplash, a stainless-steel sink with a high-end faucet,all contribute to a rich decor. The enlarged 2-car garage adds to the ample room for a boat, camper or additional vehicles. Mature Royal Poinciana, Live Oaks, Ironwoods, Green Buttonwoods, Spanish Caper, lychee, and mango trees enhance this special property. A true Diamond in the Rough—complete the transformation and make it your own!

Active Under Contract

  • Price
  • $ 980,000
  • City
  • Palmetto Bay
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • Miami-Dade
  • Half Bathrooms
  • 0
  • Area
  • 50
  • Lot Size
  • Zip
  • 33157
  • Sqr Footage
  • 1,992
  • Year Built
  • 1968
  • Taxes
  • $ 3973
  • Style
  • MLS#
  • A12086588
Listed By: This listing is courtesy of BHHS EWM Realty
Data Source: Southeast Florida MLS (SEFMLS)

Features

General

Sewer Septic Tank
Heating Central,Electric
Cooling Central Air,Electric
Possession Other
Roof Metal
Appliances Electric Range,Refrigerator
Garage Spaces 2
Patio/Porch Features Open,Porch
Architectural Style Detached,One Story
Pool Features In Ground,Pool
Restrictions No Restrictions
Construction Materials CBS (Concrete Block Structure),Block
Year Built 1968
View Garden,Pool
Stories Count 1
Property Subtype Single Family Residence
Tax Year 2025
County Miami-Dade
Property Type Residential
Attached Garage true
Contingency Backup Contract/Call LA
Subdivision Name CORAL REEF ESTATES 4TH AD
Facing Direction North
Garage Y/N true
Total Rooms 7
Full Baths 2
Special Listing Conditions Listed As-Is
Status Active Under Contract
High School Miami Palmetto
City Palmetto Bay
Disclosures Flood Plain Disclosure
Senior Community Y/N false
Zoning Description 2100
MLS Area 50
Lot Size Units Square Feet
Lot Size Square Feet 15525
Listing Terms Cash,Conventional
Elementary School Coral Reef
Year Built Details Resale
Tax Annual Amount 3973
Middle/Junior High School Southwood
Lease Considered Y/N false
Standard Status Active Under Contract
Occupancy Type Call Agent
Property Sub Type Additional Single Family Residence
PostalCity Palmetto Bay
Legal Description CORAL REEF ESTATES 4TH ADDN PB 84-85 LOT 4 BLK 22 OR 15842-2664 0393 1 F/A/U 30-5028-020-0120

Interior Features

Interior Amenities Bedroom on Main Level,Breakfast Area,Dining Area,Separate/Formal Dining Room,First Floor Entry,Shower Only,Stacked Bedrooms
Flooring Carpet,Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds,Impact Glass
Total Bedrooms 4
Total Baths 2

Exterior Features

Exterior Amenities Fence,Porch,Storm/Security Shutters
Parking Features Attached,Driveway,Garage
Lot Features Corner Lot,Flood Zone,1/4 to 1/2 Acre Lot
Water Source Public
Lot Size Area 15525
Building Area Total 3144
Private Pool true
Waterfront Y/N false
Covered Spaces 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Doral, FL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Coral Reef Elementary School
Middle School Southwood Middle School
High School Miami Palmetto High School

Price History

9/14/2026 Listed $980,000

Property vs Zip Code Average in 33157

Price
AVG $950K
$980K
Taxes
AVG $12,305
$3,973
Year Built
AVG 1978
1968

Areas That We Cover

16101 Sw 87th Ct Palmetto Bay, FL is a Single Family Home for sale at $980000 with 1992 sqft and a lot size of Acre(s). 16101 Sw 87th Ct Palmetto Bay has 4 bedrooms, 2 baths and was built in 1968. The property's zip code is 33157 which is in Palmetto Bay, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.