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2039 NE 123rd St, North Miami FL 33181

House For Sale
$850,000

BTC: 10.22371903

ETH: 320.75471698

New
Waterfront
2 bds
2 ba
1,444 sqft

Overview

Rare waterfront opportunity in the highly desirable Areta Estates! This beautiful 2-bedroom, 2.5-bath waterfront townhouse is a zero-lot-line home that lives like a single-family residence, with no HOA and no maintenance fees. Perfect for boating enthusiasts, the property includes a private deeded dock with quick access to Biscayne Bay and the Atlantic Ocean through Haulover Inlet.The open-concept floor plan is filled with natural light and a beautiful kitchen and a full-size washer and dryer. The spacious living and dining areas open to a private waterfront patio, creating the perfect indoor-outdoor space for entertaining or relaxing.Upstairs, the primary suite offers a walk-in closet, a beautifully updated en-suite bathroom, and a private balcony overlooking the canal. A generously sized second bedroom and an additional flexible space provide room for a home office, gym, or sitting area. Ideally located east of Biscayne Boulevard, just minutes from Bal Harbour Shops, beaches, Whole Foods, Publix, fine dining, and major highways. Surrounded by multi-million-dollar waterfront homes, this move-in-ready property offers an exceptional combination of luxury, boating, and prime location. Great for investors! No rental restrictions and no application needed! A must see!

Location

Details

Type:
Residential
Parking:
Additional Spaces Available / Other
Year Built:
1965
Lot:
1805 Square Feet
Heating:
Central
Price/sqft:
$589
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$459,000
$418K – $709K
Confidence Low
List vs. estimate
$391K above estimate
List $850,000 · +85.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$588
+13.3% vs. city median $519
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.3M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,052
2025
View
Canal, Water
Waterfront
WF/Ocean Access, Creek
All facts and features
  • Flooring

    • Ceramic Floor

    • Wood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Electric Range

    • Ice Maker

    • Microwave

    • Refrigerator

    Other interior features

    • First Floor Entry

    • Built-in Features

    • Storage

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Bathrooms: 1

    • Full bathrooms: 2

  • Parking

    • Additional Spaces Available

    • Other

    Property

    • Exterior Features: Open Balcony / Other

    Lot

    • Lot: 1805 Square Feet

    Other Property Information

    • Parcel Number: 06-22-28-023-0100

    • Zoning: 2800

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $8,052

  • Source details

    • MLS ID: A12096677

    Other facts

    • Construction Materials: Concrete Block Construction

    • Laundry Features: Washer/Dryer Hook-Up

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Deck / Open Balcony / Open Porch / Patio

    • Direction Faces: East

    • Architectural Style: Detached / Two Story

    • Waterfront: Yes

    • Living Area: 1444

    • Water Source: Municipal Water

    • Subdivision Name: ARETA ESTATES SEC 1

Private inquiry
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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: Beachfront Realty Inc