24-hour guard-gated community of Keystone Point, this rare waterfront opportunity offers 106 feet of deep water frontage on a wide, ocean-access canal—with no bridges to bay. Perfectly positioned on a generous 12,000 SF corner lot (106’ x 112’) this property invites you to renovate the existing 4-bed, 3-bath home or build your dream Miami waterfront escape on the LARGEST LOT currently for sale in Keystone. Offered at land value, the near-original residence features a 2-car garage, pool, expansive covered patio, and ample outdoor space ideal for entertaining. Whether you're looking to create a NEW modern retreat or a luxurious tropical oasis, this lot offers limitless potential. Located just minutes from Bal Harbor, world-class shopping, fine dining, and the beaches. Floor plan available.
Sold for $2,200,000
$2,200,000
2235 Magnolia Dr, North Miami, FL 33181
4beds
2,346sqft
Single Family Residence
Built in 1959
0.27 Acres Lot
$3,532,600 Zestimate®
$938/sqft
$7,240 Estimated rent
Home value
$3,532,600
$2.97M - $4.24M
$7,240/mo
Zestimate® history
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$15,388/mo
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List your homeWhat's special
Wide ocean-access canalWaterfront opportunityExpansive covered patioAmple outdoor space
Zillow last checked:
Listing updated:
Listed by:
Jeffrey Koebel 305-606-2252,
Montgomery & Koebel, Inc.
Bought with:
Jeffrey Koebel, 0547393
Montgomery & Koebel, Inc.
Source: MIAMI,MLS#: A11792107
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
- Laundry: In Garage
Features
- Walk-In Closet(s), Storage
- Flooring: Tile
Interior area
- Total structure area: 3,696
- Total interior livable area: 2,346 sqft
Property
Parking
- Total spaces: 2
- Parking features: Circular Driveway, Covered
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Entry location: First Floor Entry
- Patio & porch: Patio, Screened Porch
- Has private pool: Yes
- Pool features: In Ground, Screen Enclosure
- Fencing: Fenced
- Has view: Yes
- View description: Pool, Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Ocean Access, Canal Front, WF/Pool/Ocean Access
- Frontage length: 106
Lot
- Size: 0.27 Acres
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Parcel number: 0622280200280
- Zoning: 0900
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS Construction
- Roof: Curved/S-Tile Roof
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Features: Boating, Gated, Card/Electric Gate
- Subdivision: Keystone Island No 4
HOA
- Has HOA: No
Location
- Region: North Miami
Financial & listing details
- Price per square foot: $938/sqft
- Tax assessed value: $2,704,720
- Annual tax amount: $9,731
- Date on market: 5/2/2025
- Listing terms: All Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2025 | Sold | $2,200,000-11.8%$938/sqft |
Source:  MIAMI #A11792107 Report a problem | ||
| 7/15/2025 | Pending sale | $2,495,000$1,064/sqft |
Source: MIAMI #A11792107 Report a problem | ||
| 5/2/2025 | Listed for sale | $2,495,000$1,064/sqft |
Source: MIAMI #A11792107 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,113 +3.9% | $449,663 +2.9% |
| 2024 | $9,731 +3% | $436,991 +3% |
| 2023 | $9,447 +3.1% | $424,264 +3% |
| 2022 | $9,165 +0.4% | $411,907 +3% |
| 2021 | $9,132 +1.9% | $399,910 +2.1% |
| 2020 | $8,962 +2.1% | $391,573 +2.3% |
| 2019 | $8,777 +3.8% | $382,770 +1.9% |
| 2018 | $8,459 | $375,633 +2.1% |
| 2017 | $8,459 +0.7% | $367,907 +2.1% |
| 2016 | $8,399 +1.1% | $360,340 +0.7% |
| 2015 | $8,304 -0.7% | $357,836 +0.8% |
| 2014 | $8,364 +3.1% | $354,997 +1.5% |
| 2013 | $8,112 | $349,751 +1.7% |
| 2012 | $8,112 +1.9% | $343,905 +3% |
| 2011 | $7,965 -2.5% | $333,889 +1.5% |
| 2010 | $8,173 +11.8% | $328,955 +2.7% |
| 2009 | $7,310 +1.4% | $320,307 +12.1% |
| 2007 | $7,209 -8.3% | $285,668 |
| 2006 | $7,862 | -- |
| 2005 | $7,862 +1.8% | -- |
| 2004 | $7,725 +4% | -- |
| 2003 | $7,431 +4.7% | -- |
| 2002 | $7,097 | -- |
| 2001 | $7,097 | -- |
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: 1.2 mi
- 4/10Alonzo And Tracy Mourning Senior High Biscayne Bay CampusGrades: 9-12Distance: 1.4 mi
- 5/10North Miami Middle SchoolGrades: 6-8Distance: 2 mi
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Estimated market value
$3,532,600
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Estimated market value
$3,532,600
- Florida
- Miami-Dade County
- North Miami
- 33181
- Keystone Point
- 2235 Magnolia Dr
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