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Condominium at 1470 NE 123rd St # A609, North Miami FL 33161Active
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Condominium
$249,000$211 / sqft

1470 NE 123rd St # A609, North Miami FL 33161

2
Bedrooms
2
Bathrooms
1,182 sqft
Interior
1981
Year built
$828 / mo
HOA
Condominium
Type

About this home

Wake up to lovely east-facing skyline views from this bright and inviting 2-bedroom, 2-bath residence. The desirable eastern exposure helps keep the unit naturally cooler throughout the day while filling the space with beautiful morning light. Designed with privacy in mind, the split-bedroom floor plan features two spacious en-suite bedrooms, each with its own bathroom and generous walk-in closet. Tile flooring throughout provides a clean, modern look and easy maintenance. Updated kitchen with newer appliances. Storm shutter for peace of mind. Air ducts have been professionally cleaned. Enjoy resort-style amenities in this gated community, including a swimming pool, fitness center, jacuzzi, dog park, BBQ area, and abundant guest parking. The unit also comes with two assigned parking spaces—one covered in the garage and one above ground, and guest parking. Location is everything, and this home delivers. Just one block from Biscayne Boulevard, you'll be moments from Whole Foods, LA Fitness, popular restaurants, shopping, and everyday conveniences, while the beach is less than two miles away. Whether you're searching for your next home or a smart income-producing asset, this property checks all the boxes. With immediate rental eligibility, it offers exceptional flexibility and strong investment potential in a highly desirable location.

Features

  • Split Bedroom
  • Storage
  • Open Balcony
  • Skyline

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$2,087

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$1,259
HOA
$828 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
BHHS EWM Realty

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.