Soars River Estates, 400 NW 87th St

8
Beds
81/2
Baths
1,399
SqFt
$929
$/SqFt
High-End House
Built in 1948
Canal View
Waterfront
Detached, One Story
Fruit Trees
Rare opportunity Lot to build a spectacular contemporary estate on the banks of the river in the heart of El Portal. This 13,950 SF lot (75' × 186', with 75 feet directly on the river) comes with an already issued building permit and construction proposals for a stunning residence offering 4,455 SF under A/C (5,308 SF total). The thoughtfully designed home features 8 bedrooms, 9 bathrooms (plus outdoor bath), soaring two-story walls of glass that frame tranquil river views, and seamless indoor-outdoor living. The approved plans already include the resort backyard: pool with waterfall edge, spa and sun shelf, oversized summer kitchen, pickleball court, putting green, lush landscaping, and multiple entertaining areas—all overlooking the serene river. Rare privacy for a riverfront lot due to the fenced Larchmont Gardens Park on the other riverbank. Skip roughly two years of design and permitting and start building one of El Portal’s most distinctive new construction homes with plans already approved including Health Department approved septic plans. A truly exceptional opportunity for developers, investors. Property is included in the Opportunity Zone area and likely to provide multi-million tax benefits, while being conveniently close to I-95 Miami Shores, the Design District, Downtown and ~15min to South Beach. Note: Two fixed-price proposals to build for $1.65M from two GCs for the permitted plans, price honored for the new owner. Full docs shared with accepted offer
MLS Number: A12064448
On Site: 44 Days
Updated: 37 Days ago
Page Views: 0

Features

Bedrooms
  • Bedrooms: 8
Bathrooms
  • Bathrooms: 8
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: FruitTrees
  • View: Canal
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, FirstFloorEntry
  • Equipment / Appliances: None
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Other
  • Year Built: 1948
  • Year Built Description: Resale
  • Style: Detached,OneStory
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
  • Middle School: Horace Mann
  • Senior High School: Miami Edison
Other Property Info
  • Garage: No info
  • Listing Date: 2026-08-04T14:38:11.000-00:00
  • Directions: North
Taxes, Fees & More
  • Taxes: No info
  • Parking Description: PaverBlock

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Price History

Date
Event
Price
Change
Price Per
08/03/2026
Listed
$1.3M
 
$929 ft2
$10,002 m2
08/03/2026
$1.3M
Event
Listed
Price Per
$929 ft2
$10,002 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Juan ZuluagaColdwell Banker Realty • Buyer Agency Compensation .

Listing Location & Street View
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Scores

Walk Score®
Somewhat Walkable. Some errands can be accomplished on foot
55

100
Bike Score®
Bikeable. Some bike infrastructure
54

100
Sound Score®
Bearable noise
77

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
30

100
Local Score
Limited local amenities nearby
1

100
Community Snapshot
8 – 8 BR
Bedrooms
$1.3M – $1.3M
Price Tier
1,273 - 2,293
SqFt Range
1957
Year Build
1
Total Floors
31
Total Units

Subdivision Amenities

Laundry

El Portal
High-End
High-End Homes & Condos