2205 NE 123rd St, North Miami FL 33181, NORTH MIAMI, FL, 33181
Active210 days on marketListed Jan 20, 2026MLS #A11948969
About this home
2205 NE 123rd St, North Miami FL 33181
Discover this exceptional two-story waterfront townhouse located in the highly desirable Areta subdivision — one of only a select few units offering a prime canal-front setting with direct ocean access and lowest listing within subdivision. A true hidden gem for boating enthusiasts, investors, or anyone seeking the ultimate South Florida waterfront lifestyle. This charming 2-bedroom, 2.5-bath residence offers incredible potential and features a deeded private dock ready to accommodate your vision and updates. Recently painted and well maintained, the home blends comfort, character, and opportunity in one of the area’s most sought-after locations. Enjoy the freedom of NO HOA, allowing flexibility rarely found in waterfront communities. Whether you're looking for a primary residence, vacation retreat, or investment property, this unique townhome delivers endless possibilities with direct access to open waters just moments away. Wake up to tranquil canal views, bring your boat, and create your own waterfront paradise! Per the homeowner, the dock can accommodate a boat of up to approximately 22 feet. Buyers are encouraged to verify dock dimensions, water depth, and vessel suitability independently. Seller firm on price.
Facts & features
The home at a glance
2
Bedrooms
2.5
Bathrooms
1,444
Sqft
1968
Year built
$553
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$4,959 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,959/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+46.5%
$/sqft vs North Miami actives
$553 vs $267
Days on market
210 vs 78 typical
Where $553/sqft sits among the 365 North Miami actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside North Miami
Get to know North Miami. See the full North Miami guide →
NORTH MIAMI 33181 — neighborhood snapshot
Population
20,969
Median age
37.6
Median income
$56,473
Median home value
$315,200
Avg household
2.39
Households w/ children
2,354
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The North Miami market
$555K → $538K
North Miami median sold, yr/yr
95.4%
Sale-to-list ratio (12 mo)
30 of 365
North Miami actives have cut their price
Median sold price, North Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 344% above the NORTH MIAMI 33181 median. See the full North Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 2205 NE 123rd St
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$350,000
4000 Towerside Ter # 1005, Miami FL 33138
2 bd · 2 ba · 1,456 sqft · $240/sqft · 21 DOM
Sold · Mar ’26$335,000
4000 Towerside Ter # 805, Miami FL 33138
2 bd · 2 ba · 1,456 sqft · $230/sqft · 28 DOM
Sold · Jun ’26$360,000
4000 Towerside Ter # 1712, Miami FL 33138
2 bd · 2 ba · 1,469 sqft · $245/sqft · 74 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
German Parra Tovar
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 2205 NE 123rd St — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 2205 NE 123rd St — before you fall in love.
See it in person
Schedule a tour
Live availability from German's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
2205 NE 123rd St FAQs
What would the monthly payment be for 2205 NE 123rd St, North Miami FL 33181?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,959/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 2205 NE 123rd St, North Miami FL 33181?+
The most recent tax bill on record (2025) was $2,255. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 2205 NE 123rd St, North Miami FL 33181?+
The listing reports pets: More Than 20 Lbs. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in North Miami?+
At $799,000, this home is listed about 171% above the North Miami median of $295,000. The market section on this page shows how the area is trending.
Which schools are assigned to 2205 NE 123rd St, North Miami FL 33181?+
David Lawrence Junior K-8 Center (elementary), Alonzo & Tracy Mourning Senior High School (high), John F. Kennedy Middle School (middle), District Instructional Center (Dic) (), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$799,000 runs 344% above the NORTH MIAMI 33181 median — but at 1,444 sqft it's also 38% larger than the typical North Miami listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
210 days on market against a North Miami median of 78 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $850,000, now $799,000 — a $51K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Y Group Realty · Nancy Yialouris. MLS #A11948969.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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