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2205 NE 123rd St, North Miami FL 33181

Townhouse For Sale
$799,000

BTC: 12.48437500

ETH: 457.61741123

-$51K (2026/04/14)
134 days
Waterfront
2 bds
2 ba
1,444 sqft

Overview

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!

Location

Florida • North Miami • 33181 • Townhouse • For Sale • Waterfront

Details

Type:
Residential
Parking:
1 Space / Open / Other
Year Built:
1968
Lot:
No Data
Heating:
Central
Price/sqft:
$553
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$477,500
$297K – $830K
Confidence Low
List vs. estimate
$321K above estimate
List $799,000 · +67.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$553
+14.0% vs. city median $485
Based on
30 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $465K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,255
2025
View
Canal
Waterfront
Canal Front, Ocean Access
Pets
More Than 20 Lbs
All facts and features

  • Flooring

    • Ceramic Floor

    • Wood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Disposal

    • Electric Water Heater

    • Microwave

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Bathrooms: 1

    • Full bathrooms: 2

  • Parking

    • 1 Space

    • Open

    • Other

    Property

    • Exterior Features: Other

    Other Property Information

    • Parcel Number: 06-22-28-031-0060

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Townhouse

  • Other financial information

    • Annual tax amount: $2,255

  • Source details

    • MLS ID: A11948969

    Other facts

    • Construction Materials: CBS Construction

    • Patio And Porch Features: Patio

    • Other Structures: Shed(s)

    • Waterfront: Yes

    • Living Area: 1444

    • Subdivision Name: ARETA ESTATES SEC 9

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33181
274
median $309K
Active
Same city
North Miami
856
median $405K
Active
Same type
Townhouse
22
median $797K
Active
Similar price
$559K – $1.0M
183
median $705K
Active

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: Y Group Realty