About This Property

Waterfront Luxury in Prime Location! This fully renovated 2-bed, 2.5-bath home is a boater’s dream with direct ocean access and a private deeded dock. Located minutes from Bal Harbour, beaches, and top dining, this home offers unmatched convenience. Featuring impact windows and doors, Porcelanosa tiles, new blinds, and custom cabinets and doors. Luxurious baths include frameless rain showers, heated LED mirrors, and smart washlet toilets. This home is move-in ready. No HOA or maintenance fees – the perfect blend of location, water access, and modern luxury!

Property Details

MLS #

A12054258

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

1967

Days on Market

Pool

Waterfront

Yes

Price / Sq Ft

$623

HOA Fee

None

Est. Insurance

$300/mo

Tax Year

2025

Tax Amount

$11,626

Garage

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Lot Size

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MLS Area

Areta Ests Sec 6

Subdivision

ARETA ESTS SEC 6

Mortgage Calculator

Down Payment (20%)

$179,800

Principal & Interest$4,546

Property Tax$969/mo

HOA Fee$0/mo

Insurance$300/mo

Est. Monthly Total $5,815

Interest Rate

Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$6,293

Est. Monthly Rent

-0.7%

Cap Rate

-3.3%

Cash-on-Cash

$-5,882

Net Operating Income

ROI Projections (4% Annual Appreciation)

92%

5-Year ROI

Value: $1,093,771

207%

10-Year ROI

Value: $1,330,740

351%

15-Year ROI

Value: $1,619,048

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

Market Trends

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Avg Price

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Avg Days

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Inventory

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Features

2 Bedrooms
2.5 Bathrooms
1,444 Sq Ft
Built 1967
Waterfront

1955 NE 123rd St, North Miami FL 33181

Photo Gallery (20 photos)