12904 Banyan Rd, North Miami, FL 33181 — MLS photo

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12904 Banyan Rd, North Miami, FL 33181

Active · SingleFamilyResidence

$4,999,000

12904 Banyan Rd, North Miami, FL 33181

Beds
5
Baths
5
Living area
3,908 sq ft
$ / sq ft
$1,279/sq ft
Year built
1961
Lot size
15,504 sq ft
HOA fee
—
Annual tax
$71,170

About this property

Bring your super yachts! This rare waterfront estate in Gated Keystone Point sits on a 15,504 SF corner lot with 250 FT on the water. Two docks (136 FT & 114 FT) provide room for two 100+ FT yachts in a deep-water canal w/ direct ocean access & no fixed bridges. This spacious 4BD/5BA home features newer white porcelain floors, large primary suite w/ expansive en-suite bath & French doors in every room opening to the pool for seamless indoor-outdoor living. Move-in ready w/ remodeled baths, built-in closets. Large bright and light open kitchen. Resort-style backyard boasts a pool, large patio decks, & covered outdoor kitchen. Seawall upgraded w/ batter piles & new cap, plus a new dock—a boater’s dream! electric gate, 2-car garage, prime location. A True one-of-a-kind waterfront opportunity!

Property location

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12904 Banyan Rd, North Miami, FL 33181

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Facts & features

Interior

Bedrooms
5
Bathrooms
5
Living area
3,908 sq ft
Flooring
Porcelain Tile
Appliances
Dryer, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1961
Lot size
15,504 sq ft
Architectural style
One Story
Roof
Barrel
Construction
Block
Exterior features
Barbecue
Pool
In Ground, Pool
Waterfront
Canal Access, Canal Front, No Fixed Bridges, Ocean Access
View
Canal

Parking

Garage spaces
2
Covered spaces
2
Parking features
Driveway, Garage Door Opener

HOA, Community & Financials

Annual tax
$71,170
Subdivision
VENETIAN SEC KEYSTONE POI
County
Miami-Dade
Days on market
474
MLS listing ID
A11722549
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$13,841

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.9%
Gross yield
5.0%
Mortgage payment
$23,698/mo
Down payment
$1,249,750
Loan amount
$3,749,250
Annual NOI
$118,283

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.