MARAL ESTATES SEC 3
16840 SW 87th Ave, Palmetto Bay FL 33157
4 beds · 2 baths · 1,981 ft²
$6,000
Est. Payment $32/mo
4
Bedrooms
2
Bathrooms
1,981
Sq. Ft.
1972
Year Built
2
Garage
1
Stories
0
Days on Market
Description
Live the exceptional Palmetto Bay lifestyle in this beautifully updated canal front residence, ideally located in one of Miami's most sought-after communities. Designed for comfortable living and effortless entertaining, the home features an open-concept floor plan with spacious living and dining areas, a butler's pantry, and a stunning remodeled kitchen with quartz countertops, custom cabinetry, herringbone tile backsplash, center island with seating, and beverage cooler. A versatile room with a beautiful stone fireplace can also serve as a fourth bedroom, home office, or media room. The layout offers generously sized guest bedrooms, an updated guest bath with double vanities, and a private primary suite overlooking the screened pool and tranquil canal, complete with a walk-in closet and glass-enclosed shower. Additional features include circular driveway, and side-entry two-car garage. Enjoy your private backyard retreat with a screened-in pool featuring beach entry, expansive stone patio, fenced yard, and peaceful canal views. Located in the heart of Palmetto Bay, this home is minutes from Coral Reef Park, Deering Estate, Black Point Marina, shopping, dining, and major commuter routes. Zoned for highly rated schools, including Dr. Henry E. Perrine Academy of the Arts, Southwood Middle School, Miami Palmetto Senior High, and Arthur & Polly Mays Conservatory of the Arts. An exceptional rental in one of South Florida's most desirable neighborhoods.
Facts
- MLS#
- A12062976
- Subdivision
- MARAL ESTATES SEC 3
- Property Type
- Residential Lease
- Property Sub Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 15,372 ft²
- Sq. Ft.
- 1,981 ft²
- Sq. Mt.
- 184 m²
- Price per sq. ft.
- $3/ft²
- Price per sq. mt.
- $33/m²
- Stories
- 1
- Garage
- 2 spaces
- Pool
- —
- Days on Market
- —
- Listed
- Jul 31, 2026
- Last Updated
- Jul 31, 2026
- Price/Lot Sq.Ft.
- —
Comparable homes
Same ZIP, similar price + bedrooms.

$5,800
4 bd · 2 ba · 2,096 sqft
9320 SW 167th St # 0, Palmetto Bay FL 33157
SOLD$6,250
4 bd · 3 ba · 2,496 sqft
7733 SW 193rd St, Cutler Bay FL 33157

$6,000
4 bd · 3 ba · 2,446 sqft
8220 SW 152nd St # 0, Palmetto Bay FL 33157

$6,000
4 bd · 3 ba · 1,968 sqft
17050 SW 83rd Ave, Palmetto Bay FL 33157
$6,000
4 bd · 3 ba · 3,400 sqft
18400 SW 77th Court, Cutler Bay FL 33157
$5,900
4 bd · 4 ba · 2,370 sqft
16125 SW 98th Court, Miami FL 33157
SOLD$5,600
4 bd · 2 ba · 2,218 sqft
7600 SW 174th St # 7600, Palmetto Bay FL 33157
SOLD$5,500
4 bd · 3 ba · 2,496 sqft
19434 SW 78th Ave, Cutler Bay FL 33157
Market insights for Palmetto Bay
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
40
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 7/31/2026 | Listed for sale | $6,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Shepherd Of The CoastKG,1,2,3,4,5,6,7,8 · private · 0.3 mi
Floranada Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.5 mi
Westminster AcademyPK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.6 mi
Christ Church SchoolPK,KG,1,2,3,4,5 · private · 0.7 mi
Oxford AcademyUG · private · 0.7 mi
Pine Crest SchoolPK,TK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.7 mi
Northeast High School9,10,11,12 · public · 0.9 mi
James S. Rickards Middle School6,7,8 · public · 1.0 mi
Cardinal Gibbons High School9,10,11,12 · private · 1.0 mi
Kids in ActionPK,TK,KG,1,2,3 · private · 1.0 mi
Affordability
What you'd typically need to qualify for this rental under the standard 30% rule.
$20,000
gross income / month to qualify
Based on the 30% rule (rent ≤ 30% of gross monthly income). Move-in estimate assumes first month + last month + one month security; landlord requirements vary.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated 3 hours ago
Similar listings nearby
More homes in Palmetto Bay around $6,000.

Palmetto Bay, FL

7970 SW 146th St, Palmetto Bay FL 33158

8224 SW 178th Ter, Palmetto Bay FL 33157

18155 SW 98th Ave # 1105, Palmetto Bay FL 33157

18155 SW 98th Ave, Palmetto Bay FL 33157

6767 SW 154th St, Palmetto Bay FL 33157
