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!
Montgomery & Koebel, Inc.
Features & Details
Learn about the features and details of 12488 N Bayshore Dr
Property Details
Property Type
SingleFamilyResidence
Living Area
2,179 sqft
Year Built
1955
Lot Size
9,375 sqft
Stories
-
Annual Tax
$990.00
List Date
9/2/2025
Updated
9/3/2025
Last Checked
Recent
MLS Number
#A11868560
Brokerage
Montgomery & Koebel, Inc.
Postal Code
33181
Area
Miami-Dade
City
Miami
Additional Property Features
Occupancy
CallAgent
List Price
$2,490,000.00
Unit Number
-
Construction
Block
Heating
Central,Electric
Fireplaces
-
Garage
2 Car Garage
Parking Type
No
Pets Allowed
No
Air Conditioning
Central Air, Electric
Elevator
No
Locker
No
Swimming Pool
InGround,Pool
Patio
No
Basement
No
Den
No
Central Vacuum
No
Garage Type
No
Additional Listing Information
Walk Score
–
Property Manager
-
Utilities Included
None
Furnished
No
Assessment Year
2024
Assignment
No
Extras Included
Electric range, Microwave, Refrigerator
Inside
Bedrooms & Baths
3 Bed, 2 Bath
Bedrooms
3
Full Bathrooms
2
Ensuite
Yes
Bathrooms
2
Flooring
Mixed
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Price history
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Mortgage Calculator
Estimate monthly payments for 12488 N Bayshore Dr
$0
20.0%
$2,490,000
1%
5.25%
10%
25 Years
Monthly
Estimated Monthly Payment
$11,937
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Cash Flow Analysis
Mortgage Payment:
$11,937.01
Monthly Payment:
$12,019.51
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.
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Discover this impressive singlefamilyresidence in the heart of Keystone Point, Miami. This well-appointed property offers 3 bedrooms, 2 bathrooms, 2,179 square feet of living space situated on a 9,375 square foot lot. Originally built in 1955. Offered at $2,490,000.00 The property comes with Electric range, Microwave, Refrigerator. Don't miss this opportunity to own in one of the area's most desirable locations.
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Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.