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Waterfront · Single Family Residence
$799,900$540 / sqft
2117 NE 123rd St, North Miami FL 33181
Listed
2
Bedrooms
3
Bathrooms
1,482 sqft
Interior
1966
Year built
None
HOA
Single Family Residence
Type
About this home
WATERFRONT LIVING + PRIVATE DOCK + NO HOA! This is the South Florida lifestyle you've been looking for. Wake up to peaceful water views, enjoy your morning coffee from your private balcony, and end the day relaxing by the canal, all from home. This beautifully updated 2-bedroom, 2.5-bath waterfront townhome offers 1,482 SF of bright, open living space designed for both everyday living and entertaining. At the heart of the home is a beautifully renovated kitchen featuring white shaker cabinetry, quartz countertops, stainless steel appliances, farmhouse sink, abundant storage and an oversized island where everyone can gather. Step outside to your private waterfront patio and dock, where weekends can be spent enjoying the water just steps from your back door. Upstairs, the primary suite opens to a private balcony overlooking the canal, creating the perfect retreat. Updated bathrooms, in-unit washer and dryer, and NO HOA add to the appeal. Conveniently located near Biscayne Blvd, beaches, Bal Harbour, Aventura, dining and shopping. More than a home; it's your opportunity to live the Miami waterfront lifestyle every day.
Features
- First Floor Entry
- Cooking Island
- Split Bedroom
- Walk-In Closet(s)
- Family Room
- Open Balcony
- Canal
- Water
Location
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 150 active listings; the middle half ask $2,400–$3,900.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.