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Single Family Residence
$1,375,000$663 / sqft
2141 NE 124th St, North Miami FL 33181
Listed
2
Bedrooms
2
Bathrooms
2,074 sqft
Interior
1951
Year built
None
HOA
Single Family Residence
Type
About this home
Rare opportunity in guard-gated Keystone Point on an oversized 11,250 SF lot—approximately 20% larger than the typical 9,325 SF lot in the community. This 24-hour guard-gated community offers privacy and security in a highly desirable location near Bal Harbour and Miami Beach. The property offers exceptional potential for an owner-user, builder, or investor looking to renovate, reimagine, or create a new custom residence. Existing home features a spacious layout, marble flooring, private backyard and pool. The substantial lot size provides valuable flexibility for a future new-build concept. Ideally located with convenient access to Biscayne Bay, Bal Harbour, Miami Shores and Miami Beach. Property is being offered for its significant land and redevelopment potential.
Features
- First Floor Entry
- Family Room
- Utility Room/Laundry
- Open Balcony
- Pool
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$6,953
Loan payment and HOA only. Property tax and insurance are significant here and are included.
Run the numbers
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 2-bed rentals across Miami-Dade, from 154 active listings; the middle half ask $2,400–$3,640.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
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.