Updated 1 Day Ago
Location
16840 Sw 87th Ave, Palmetto Bay, FL 33157, USA|Palmetto Bay
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Amenities for 16840 Sw 87th Ave, Palmetto Bay
Features
| Central Air | Electric Heating |
| Fireplace | Walk-in Closet |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Exterior Type: Block |
Grounds
| Garage Parking | Outdoor Space |
| Swimming Pool |
Other
| Roof Type: Metal | View Type: Water |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
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Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 16840 Sw 87th Ave
Sweet deal!
This listing is 13% below the median price for 4 bedroom apartments in Palmetto Bay.
Property Status: Active 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. Office Phone: (305) 333-2550 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 16840 Sw 87th Ave compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
- Walk-in closet
- More closet space on average
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
Address details
| Neighborhood | Palmetto Bay |
|---|---|
| Zip code | 33157 |
| Type | House for rent |
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Rent trends in Palmetto Bay
4-bedroom apartments at 16840 Sw 87th Ave cost about 13% less than the average rent price for 4-bedroom apartments in Palmetto Bay.
Median rents as of Aug 1 2026.
Palmetto Bay
Palmetto Bay
| Month | Median Rent |
|---|---|
| August 2024 | $7,783 |
| September 2024 | $7,918 |
| October 2024 | $5,462 |
| November 2024 | $5,300 |
| December 2024 | $5,237 |
| January 2025 | $6,187 |
| February 2025 | $8,156 |
| March 2025 | $7,720 |
| April 2025 | $6,900 |
| May 2025 | $7,180 |
| June 2025 | $7,250 |
| July 2025 | $7,130 |
| August 2025 | $7,400 |
| September 2025 | $7,415 |
| October 2025 | $7,478 |
| November 2025 | $7,330 |
| December 2025 | $7,137 |
| January 2026 | $7,207 |
| February 2026 | $6,885 |
| March 2026 | $6,987 |
| April 2026 | $6,822 |
| May 2026 | $6,504 |
| June 2026 | $6,681 |
| July 2026 | $7,143 |
| August 2026 | $6,895 |
| Month | Median Rent |
|---|---|
| August 2024 | $7,783 |
| September 2024 | $7,918 |
| October 2024 | $5,462 |
| November 2024 | $5,300 |
| December 2024 | $5,237 |
| January 2025 | $6,175 |
| February 2025 | $8,162 |
| March 2025 | $7,735 |
| April 2025 | $6,900 |
| May 2025 | $7,180 |
| June 2025 | $7,250 |
| July 2025 | $7,155 |
| August 2025 | $7,410 |
| September 2025 | $7,445 |
| October 2025 | $7,478 |
| November 2025 | $7,330 |
| December 2025 | $7,137 |
| January 2026 | $7,207 |
| February 2026 | $6,885 |
| March 2026 | $6,987 |
| April 2026 | $6,822 |
| May 2026 | $6,504 |
| June 2026 | $6,681 |
| July 2026 | $7,143 |
| August 2026 | $6,895 |
Affordability calculator
Can I afford to live at 16840 Sw 87th Ave?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$240,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $240,000 annually to afford this 4-bedrooms monthly rent price of $6,000.
For more information on rent affordability, visit our rent calculator.
Schools near 16840 Sw 87th Ave
Dr. Henry E. Perrine Academy of the Arts
8851 sw 168th st
palmetto bay, FL, 33157
K-5Public
A-
Ruth Owens Kruse Education Center
11001 sw 76th st
miami, FL, 33173
PK, K-12Public
Instructional Center System Wide
11001 sw 76th st rm 82
miami, FL, 33173
PK, K-12Public
Merrick Educational Center
11001 sw 76th st
miami, FL, 33173
PK, K-12Public
Pre-K Intervention
5555 sw 93rd ave
miami, FL, 33165
PKPublic
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Internet available near 16840 Sw 87th Ave
Getting around Palmetto Bay near 16840 Sw 87th Ave
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 16840 Sw 87th Ave, Palmetto Bay
Groceries
5/10
Variety of groceries within a short drive
Shopping
6/10
Variety of shops within a short drive
Cafes
4/10
Variety of cafés within a short drive
Restaurants
6/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
4/10
At least one high school within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Some bars within a short drive
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