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Waterfront · Single Family Residence
$2,550,000$1,536 / sqft
12906 Cherry Rd, North Miami FL 33181
Listed
3
Bedrooms
2
Bathrooms
1,660 sqft
Interior
1955
Year built
None
HOA
Single Family Residence
Type
About this home
Discover the best value for a waterfront home in prestigious gated Keystone Point! Featuring 3 bedrooms,2 baths, a 1-car garage with laundry, plus 75 feet of waterfront with no fixed bridges to the bay and direct ocean access via Haulover. Ideally located on a quiet cul-de-sac street near Bal Harbour, the beach, Whole Foods, shopping, restaurants and with easy I-95 access. Recent upgrades include a 24,000LB Boat lift and reinforced seawall, a new metal roof (2023), brand new concrete driveway, and impact windows throughout. Inside, the open concept updated kitchen and breakfast nook overlooks both the front and back yards. The living room flows into a separate dining area with floor-to-ceiling windows overlooking the pool and backyard. Outdoor living shines with a covered patio that fits a grill, dining table, and lounge furniture, all surrounded by tall hedges for privacy. The serene pool area is perfect for relaxing or entertaining. The primary suite opens directly to the pool through sliding glass doors and features a walk-in closet and generous bath. This 24 HR guard gated Keystone Point location offers both convenience and long-term potential. Floor Plan included. Owner Financing with 40% down available.
Features
- First Floor Entry
- Walk-In Closet(s)
- Family Room
- Utility Room/Laundry
- Pool
- Water
Location
Approximate — shows the building, not the unit. Open in maps
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We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,000.That is what landlords ask, not what units let for — edit it if you know better.
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Depends on assessed value & exemptions
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Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.