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400 NW 87th St, El Portal FL 33150

Lots/Land For Sale
$1,300,000

BTC: 15.16565562

ETH: 490.56603774

61 days
Waterfront
0 room(s)

Overview

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. 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

Location

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
0.32 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,200,000
$715K – $3.5M
Confidence Low
List vs. estimate
$100K above estimate
List $1,300,000 · +8.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
12 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $634K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$21,884
2025
Waterfront
Canal Front
All facts and features
  • Lot

    • Lot: 0.32 Acres

    Other Property Information

    • Parcel Number: 18-31-12-071-0100

    • Zoning: 0100

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Residential

  • Utility

    • Electricity Connected

    • Water Connected

    • Other

  • Other financial information

    • Annual tax amount: $21,884

  • Source details

    • MLS ID: A12064850

    Other facts

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot / Fenced / Other / Septic

    • Direction Faces: North

    • Other Structures: Other Bldg Incl

    • Waterfront: Yes

    • Water Source: Other

    • Subdivision Name: SOARS RIVER ESTATES

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Realty