502 NW 87th Ave, Unit 302

$245,000
Price
1
Bed
842 Sq. Ft.
$291 / Sq. Ft.
842
Sq. Ft.
$291
per Sq. Ft.

Description

Rare opportunity-only unit currently for sale in the building. Enjoy beautiful lake views from this spacious residence featuring a newly renovated bathroom (pic coming soon). Condo has a recently completed the 50 year certification providing peace of mind for years to come. Excellent location near FIU, Dolphin Mall, with easy to access to major highways 826 & 836. Washer and dryer in the unit, assigned parking and guests parking. Perfect for investors or future residents- currently rented from Nov...Rare opportunity-only unit currently for sale in the building. Enjoy beautiful lake views from this spacious residence featuring a newly renovated bathroom (pic coming soon). Condo has a recently completed the 50 year certification providing peace of mind for years to come. Excellent location near FIU, Dolphin Mall, with easy to access to major highways 826 & 836. Washer and dryer in the unit, assigned parking and guests parking. Perfect for investors or future residents- currently rented from Nov 1st 2025 through October 30th 2026 to an excellent tenants paying $ 1900 /month. A special assessment of $ 96.17/month is in place until January 2027. Very low maintenance fees makes this a smart and affordable investment.

Property Details for 502 Northwest 87th Avenue, Unit 302

Subdivision
FERNWOODS NO 4 CONDO BLDG
Complex Name
FERNWOODS NO 4 CONDO BLDG
Style
Condo 1-4 Stories
Waterfront
Yes
Waterfront Description
Lagoon Front, Lake Front
View
Lagoon, Lake, Water View
Unit View
Lagoon, Lake, Water View
Furnished
Unfurnished
LISTING UPDATED: 10/22/2025 11:21 AM

Property Details for 502 Northwest 87th Avenue, Unit 302

StatusActive
MLS #A11897514
Days on Market66
Taxes$3,061 / year
HOA Fees$246 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo/Co-Op/Villa/Townhouse / Condo
Year Built1975
CountyMiami-Dade County

Location

Listing Courtesy of Dezer Platinum Realty LLC
Add your commute

Building Information for 502 Northwest 87th Avenue, Unit 302

Building/ComplexFERNWOODS NO 4 CONDO BLDGFloor3Stories4Residences-Pet Policy-Pet Policy Details-Year Built1975

Payment Calculator

$1,712 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,211

Property Taxes

$255

HOA Dues

$246

The Payment Calculator is for illustrative purposes only.

Property Information for 502 Northwest 87th Avenue, Unit 302

Location Information
Schools
  • Middle School: Ruben Dario
Location Information
  • Parcel Number Free Text: 30-40-04-032-0440
  • Parcel Number MLX: 0440
  • MLS Area: 40
  • Municipal Code: 30
  • Township Range: 40
  • Section: 4
  • Subdivision Number: 32
  • Subdivision Complex Bldg: FERNWOODS NO 4 CONDO BLDG
  • Unit Floor Location: 3
  • Total Floors In Building: 3
General Information
Parking
  • Num Garage Spaces: 0
  • Num Carport Spaces: 0
  • Carport Spaces: 0
  • Parking Description: 1 Space, Assigned Parking, Guest Parking
  • Parking Restrictions: No Rv/Boats, No Trucks/Trailers
General Information
  • Housing Older Persons Act: Unverified
  • Property Detached: No
  • Minimum Num of Days for Lease: 365
  • Num Times Leased Year: 1
  • Type of Governing Bodies: Condominium
  • Unit Design: Corner Unit
  • Water Access: None
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Security Information: Security Patrol
Room Information
Room Information
  • Bedroom Description: None
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Cable Available: Yes
Additional Property Information
  • Pets Allowed: Yes
  • Pets Allowed: Yes
  • Pet Restrictions: Maximum 20 Lbs
  • Guest Accommodations: No
  • Room Count: 0
  • Furnished: Unfurnished
  • Interior Features: Elevator, Walk-In Closets
  • Equipment Appliances: Dishwasher, Dryer, Electric Water Heater, Icemaker, Microwave, Electric Range, Refrigerator, Smoke Detector, Washer
  • Exterior Features: Hurricane Shutters, Open Balcony, Tennis Court
  • Maintenance Includes: All Amenities, Common Area, Landscaping/Lawn Maintenance, Outside Maintenance, Pest Control Interior, Pool Service, Security, Sewer, Trash Removal, Water
  • Amenities: Elevator, Heated Pool, Tennis
Financial Information
Financial Information
  • Type of Association: Condo
  • Assoc Fee Paid Per: Monthly
  • Flood Zone: AH
  • Tax Year: 2024
  • Tax Information: Tax Reflects No Exemptions
  • Special Information: As Is
Rental Information
Rent Information
  • Approval Information: 3-4 Weeks Approval
Rent Status
  • Other Fees: $150

Property History for 502 Northwest 87th Avenue, Unit 302

DateEvent & SourcePriceAppreciation
Oct 16, 2025

Listed (Active)

MiamiRE #A11897514

$245,000
Feb 19, 2014

Sold (Public Record)

Public Record #410625989

$118,000

-0.3% / yr

Feb 19, 2014

Sold

MiamiRE #A1874951

$118,000
Jan 18, 2014

Pending

MiamiRE #A1874951

Nov 26, 2013

Listed (Active)

MiamiRE #A1874951

$119,000
Oct 22, 2008

Sold (Public Record)

Public Record #258643970

$120,000

-6.6% / yr

Jul 13, 2005

Sold (Public Record)

Public Record #160883195

$150,000

+58.3% / yr

Jul 15, 2004

Sold (Public Record)

Public Record #138140461

$95,000
DateEvent & SourcePrice
10/16/2025

Listed (Active)

MiamiRE #A11897514

$245,000
02/19/2014

Sold (Public Record)

Public Record #410625989

$118,000

-0.3% / yr

02/19/2014

Sold

MiamiRE #A1874951

$118,000
01/18/2014

Pending

MiamiRE #A1874951

11/26/2013

Listed (Active)

MiamiRE #A1874951

$119,000
10/22/2008

Sold (Public Record)

Public Record #258643970

$120,000

-6.6% / yr

07/13/2005

Sold (Public Record)

Public Record #160883195

$150,000

+58.3% / yr

07/15/2004

Sold (Public Record)

Public Record #138140461

$95,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 502 Northwest 87th Avenue, Unit 302

Taxable ValueLand-Additions-Total-
Tax Record2024$3,061 ($255 / month)
Home Facts
Beds1Total Finished SqFt842 SqFtAbove Grade Finished SqFt842 SqFtStyleCondominiumYear Built1975Zoning5000:HOTELS&MCountyMIAMI-DADEAPN30-4004-032-0440

Schools near 502 Northwest 87th Avenue, Unit 302

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Charles R Hadley Elementary School
PublicPK to 5

Ruben Dario Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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502 Northwest 87th Avenue, Unit 302 is a condo for sale in Miami, FL 33172. This property was listed for sale on October 16, 2025 by Dezer Platinum Realty LLC, it's currently listed at $245,000. It has been on the market for a total of 66 days and was last sold on February 19, 2014. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Charles R Hadley Elementary School, Air Base K-8 Center for International Education and Ruben Dario Middle School. 502 Northwest 87th Avenue, Unit 302 is a 1-bed, 1-bath, 842 sqft condo built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Dezer Platinum Realty LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.