Prime Waterfront Development Opportunity in Keystone Point! Located in prestigious 24HR guard-gated Keystone Point Islands, this 75’ x 125’ lot offers 75 ft of deep-water frontage with direct ocean access and one fixed bridge with 10ft clearance. Situated on wide 100+ ft canal, property offers expansive water views & endless redevelopment potential. Lovingly maintained by same owner for many years this single-sty pool home spans over 2,300 SF with 3 beds, 2 baths, & 2-car gar. 2001 tile roof—ideal for full renovation or teardown. 9,373 SF of land in one of North Miami’s most desirable waterfront neighborhoods, rare opportunity to build a luxury custom home in a prime location just mins from Bal Harbour, beaches, and top-tier marinas. Longtime ownership—first time on market in 50+ years!
Sold for $2,000,000
$2,000,000
12488 N Bayshore Dr, North Miami, FL 33181
3beds
2,179sqft
Single Family Residence
Built in 1955
9,375 Square Feet Lot
$2,641,400 Zestimate®
$918/sqft
$6,621 Estimated rent
Home value
$2,641,400
$2.25M - $3.14M
$6,621/mo
Zestimate® history
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List your homeWhat's special
Direct ocean accessSingle-sty pool homeTile roofExpansive water viewsDeep-water frontage
Zillow last checked:
Listing updated:
Listed by:
Jeffrey Koebel 305-606-2252,
Montgomery & Koebel, Inc.
Bought with:
Cristiano De Moraes Teixeira, 3471648
Coldwell Banker Realty
Source: MIAMI,MLS#: A11868560
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Family Room
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Microwave, Electric Range, Refrigerator
Features
- Flooring: Tile, Wood
Interior area
- Total structure area: 2,752
- Total interior livable area: 2,179 sqft
Property
Parking
- Total spaces: 2
- Parking features: Covered
- Attached garage spaces: 2
Features
- Stories: 1
- Entry location: First Floor Entry
- Exterior features: Lighting
- Has private pool: Yes
- Pool features: In Ground
- Fencing: Fenced
- Has view: Yes
- View description: Garden, Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Ocean Access, Canal Front, Canal Width 81-120 Feet, Fixed Bridge(S), WF/Pool/Ocean Access
- Frontage length: 75
Lot
- Size: 9,375 Square Feet
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 0622280130400
- Zoning: 0900
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS Construction
- Roof: Curved/S-Tile Roof
Condition
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Features: Boating, Gated, Card/Electric Gate
- Subdivision: Keystone Island No 1
HOA
- Has HOA: No
Location
- Region: North Miami
Financial & listing details
- Price per square foot: $918/sqft
- Tax assessed value: $2,088,744
- Annual tax amount: $990
- Date on market: 9/2/2025
- Listing terms: All Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Sold | $2,000,000-8%$918/sqft |
Source:  MIAMI #A11868560 Report a problem | ||
| 11/7/2025 | Pending sale | $2,175,000$998/sqft |
Source: MIAMI #A11868560 Report a problem | ||
| 10/24/2025 | Price change | $2,175,000-12.7%$998/sqft |
Source: MIAMI #A11868560 Report a problem | ||
| 9/2/2025 | Listed for sale | $2,490,000$1,143/sqft |
Source: MIAMI #A11868560 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $47,358 +4681.6% | $2,088,744 +546.7% |
| 2024 | $990 -85.6% | $322,983 +3% |
| 2023 | $6,871 +1.6% | $313,576 +3% |
| 2022 | $6,762 +0.3% | $304,443 +3% |
| 2021 | $6,744 +1.8% | $295,576 +2% |
| 2020 | $6,626 +2.1% | $289,778 +2.3% |
| 2019 | $6,489 +3.7% | $283,263 +1.9% |
| 2018 | $6,256 | $277,982 +2.1% |
| 2017 | $6,256 +0.6% | $272,265 +2.1% |
| 2016 | $6,218 +2.4% | $266,666 +0.7% |
| 2015 | $6,073 -0.7% | $264,813 +0.8% |
| 2014 | $6,115 +3.3% | $262,712 +1.5% |
| 2013 | $5,920 | $258,830 +1.7% |
| 2012 | $5,920 +2.1% | $254,504 +3% |
| 2011 | $5,800 -2.1% | $247,092 +1.5% |
| 2010 | $5,924 +11.5% | $243,441 +2.7% |
| 2009 | $5,312 -0.6% | $237,041 +15.7% |
| 2007 | $5,345 -7.7% | $204,908 |
| 2006 | $5,791 | -- |
| 2005 | $5,791 +1.9% | -- |
| 2004 | $5,684 +4.1% | -- |
| 2003 | $5,460 +5.4% | -- |
| 2002 | $5,178 | -- |
| 2001 | $5,178 | -- |
Find assessor info on the county website
Neighborhood: Keystone Point
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Nearby schools
GreatSchools rating
- 7/10David Lawrence Jr. K-8 CenterGrades: PK-8Distance: 1.5 mi
- 4/10Alonzo And Tracy Mourning Senior High Biscayne Bay CampusGrades: 9-12Distance: 1.7 mi
- 5/10North Miami Middle SchoolGrades: 6-8Distance: 2 mi
Schools provided by the listing agent
- Elementary: David Lawrence Jr K-8
- Middle: North Miami
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$2,641,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,641,400
- Florida
- Miami-Dade County
- North Miami
- 33181
- Keystone Point
- 12488 N Bayshore Dr
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