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$325,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,194 Sq. Ft.
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Top-floor condo with spectacular lakefront views! Located just minutes from FIU, Miami International Airport, Dolphin Mall, and International Mall, and within walking distance to Walmart and nearby shops. This bright and spacious unit features a soaring-ceiling living area, a well-sized kitchen, and a large screened balcony perfect for relaxing or entertaining. Completely remodeled unit. Community amenities include a pool, barbecue area, and more. The building has passed the 40-year inspection and features a new roof and updated elevator.

Full Property Details for 506 NW 87th Ave #406

General

  • Price: $325,000
  • HOA FEE: $364/month
  • Taxes: $1,970 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11923680
  • Updated: 12/22/2025
  • Added to Site: 46 day(s) ago

Interior

  • Interior Features: Elevator, Walk-In Closet(s), Other
  • Appliances: Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Primary Bathroom: Shower Only

Bedrooms

  • Total Bedrooms: 2
  • Bedroom Features: Other, Primary Bath Shower

Other Rooms

  • Living Room: Other Sq. Ft.
  • Dining Room: Dining/Living Room

Additional Information

  • Shared Amenities: Elevator(s), Pool
  • Maint. Includes: All Amenities, Building Exterior, Common Area, Insurance, Landscaping/Lawn Maintenance, Legal/Accounting, Outside Maintenance, Parking, Pool Service, Recreation Facilities, Reserve Fund, Roof Repairs, Security, Sewer, Trash Removal, Water
  • Security/Safety: Other

Exterior

  • Exterior Features: Other, Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Parking Features: 1 Space, Limited # Of Vehicle

Location

  • Area: Fernwoods Condo No 2 Bldg
  • County: Miami-Dade County
  • Subdivision: FERNWOODS CONDO NO 2 BLDG
  • Building Name: Fernwoods
  • Driving Directions: 87 Ave and 5 Street
  • Direction Faces: East

School Information

  • Elementary School: Hadley; Charles R.
  • Middle School: Ruben Dario
  • High School: Miami Coral Park

Community

  • Community Name: Fernwoods Condo No 2 Bldg
  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Air, Electric
  • Heating Type: Central, Electric

Structural Information

  • Structure Type: Condo 1-4 Stories, Condo
  • Detached/Attached: Attached
  • Construction: Concrete Block With Brick, CBS Construction
  • Windows: Complete Accordian Shutters
  • Entry Floor Number: 4
  • Building Size: 1194
  • Square Feet: 1,194
  • Living Area: 1,194 Sq. Ft.
  • Year Built: 1974

Lot Features

  • Property View: Lake

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Lake

Financial Considerations

  • Price Per Sq. Ft.: $272.19
  • Association Fee: $364
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $1,970
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Ownership: Tenancy In Common
  • Legal Description: FERNWOODS CONDO NO 2 BLDG 903 UNIT 406 - 4TH FLOOR UNDIV 1.2215% INT IN COMMON ELEMENTS CLERKS FILE 74R 209358 OR 14258-2132 0989 1
  • Restrictions: Exterior Alterations, No Daily Rentals
  • Inclusions: Other
  • Property ID: 30-40-04-025-0440

Listed by IL Mare Properties, LLC.

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Listing agent

— 506 NW 87th Ave #406 —

  • IL Mare Properties, LLC.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 506 NW 87th Ave #406

School District:Dade County School District
NameGradesDistance
Charles R Hadley Elementary School
8400 Northwest 7th Street, Miami, FL 33126
PK-50.3 mi
Ruben Dario Middle School
350 Northwest 97th Avenue, Miami, FL 33172
6-81.1 mi
Miami Coral Park Senior High School
8865 Southwest 16th Street, Miami, FL 33165
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 NW 87th Ave #406 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/02/2025
Listed
$325,000
76.63%
MLS
8/09/2019
Sold
$184,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 NW 87th Ave #406

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,903
3%
$152,572
3%
2023
$1,841
5%
$148,129
6%
2021
$1,753
-1%
$139,627
-3%
2022
$1,764
1%
$143,815
4%
2021
$1,753
430%
$137,700
101%
2019
$331
9%
$68,531
2%
2018
$304
-1%
$67,254
2%
2017
$306
-2%
$65,871
2%
2016
$311
-3%
$64,517
1%
2015
$320
-3%
$64,069
1%
2014
$330
2%
$63,561
1%
2013
$324
—
$62,622
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by IL Mare Properties, LLC.

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506 NW 87th Ave #406, Miami, FL 33172 (MLS# A11923680) is a Condo property with 2 bedrooms and 2 full bathrooms. 506 NW 87th Ave #406 is currently listed for $325,000 and was received on December 02, 2025. Want to learn more about 506 NW 87th Ave #406? Do you have questions about finding other Condo real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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