$2,000,000
Sold · December 12, 2025
12488 N Bayshore Drive
North Miami, FL 33181
Explore the area: North Miami homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $2,000,000
- Vs. list price
- 8% under
- Days on market
- 64
- Price per sq ft
- $918
This 3-bedroom single-family home in Keystone Island No 1 sold for $2,000,000 on December 12, 2025. That was 8% below its final list price of $2,175,000. It first came on the market at $2,490,000, so the price was adjusted before it sold. It spent 64 days on the market. At $918 per square foot, it closed 20.7% below the $1,158 median of the 6 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $2,000,000
- Sold On
- December 12, 2025
- Days on Site
- 64 Days
- Bedrooms
- 3
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 2,179 sqft
- Total Sq Ft
- 2,752 sqft
- Lot Size
- 0.22 Acres
- Year Built
- 1955
- Property Type
- Single Family
- MLS #
- A11868560
- Property Tax
- $990 (2024)
- Subdivision
- KEYSTONE ISLAND NO 1
- County
- Miami Dade
- Status
- Sold
About This Property
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!
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 1955
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached / Covered / Garage
- Direction Faces
- Northeast
- Lot Size (Acres)
- 0.22
- Living Sq Ft
- 2,179
- Total Sq Ft
- 2,752
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 0900
Interior Features
- Appliances
- Electric Range / Microwave / Refrigerator
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Tile / Wood
- Interior Features
- Bedroom On Main Level / Dining Area / Separate Formal Dining Room
- Total Rooms
- 1
Exterior Features
- Construction
- Block
- Roof
- Spanish Tile
- Exterior Features
- Lighting
- Private Pool
- Yes
- Pool Features
- In Ground
- Waterfront
- Yes
- Waterfront Features
- Canal Front / Ocean Access / Other
- Frontage
- Waterfront
- Frontage Length
- 75.00 ft
- View
- Garden / Water
Community & HOA
- Association Amenities
- Boating / Gated
- Community Features
- Boat Facilities
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 2220
Schools
- Elementary School
- David Lawrence Jr. K-8
- Middle School
- North Miami
About the Community
Keystone Island No 2 is an age-restricted 55+ community in North Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $5,000,000 to $8,600,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Keystone Island and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 9
- Median List Price
- $3,612,500
- Median $/Sq Ft
- $1,336
- Avg Days on Market
- 164
Frequently Asked Questions
- How do I schedule a tour of 12488 N Bayshore Drive, North Miami, FL 33181?
- Use the Tour button on this listing to request a showing of 12488 N Bayshore Drive, North Miami, FL 33181. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 12488 N Bayshore Drive, North Miami, FL 33181 still available?
- 12488 N Bayshore Drive, North Miami, FL 33181 is currently listed as Sold, and has been on the market 64 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 12488 N Bayshore Drive, North Miami, FL 33181?
- With 20% down ($435,000) on the $2,175,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 12488 N Bayshore Drive, North Miami, FL 33181 is about $11,431/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 12488 N Bayshore Drive, North Miami, FL 33181?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 12488 N Bayshore Drive, North Miami, FL 33181. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 12488 N Bayshore Drive, North Miami, FL 33181?
- 12488 N Bayshore Drive, North Miami, FL 33181 is zoned for David Lawrence Jr. K-8 (elementary), North Miami (middle). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 12488 N Bayshore Drive, North Miami, FL 33181?
- Often, yes. The right offer on 12488 N Bayshore Drive, North Miami, FL 33181 depends on how it's priced against comparable single family sales in North Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Montgomery & Koebel, Inc.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$2,000,000
Own a home nearby?
This sale is now a comparable for every home around it. Get a free estimate of what yours would sell for today.
Listed by Jeffrey John Koebel, Montgomery & Koebel, Inc.
Map & Location
Featured Communities
Cities in Miami-Dade County
Zip Codes in Miami-Dade County
Property Types
Recent Sales
Recently sold homes in Keystone Island No 1
These are the last 6 recorded closings in Keystone Island No 1, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,310 per square foot. The most recent closed on July 30, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$7,530,000
Sold · July 30, 2026
2370 Bayview Lane
6 bed · 6.5 bath · 5,750 sqft · $1,310/sqft
$1,070,000 under the asking price
Sold$4,200,000
Sold · July 27, 2026
2310 Bayview Lane
6 bed · 5.5 bath · 4,822 sqft · $871/sqft
$799,000 under the asking price
Sold$5,400,000
Sold · May 12, 2026
12885 N Bayshore Drive
4 bed · 5 bath · 3,658 sqft · $1,476/sqft
$350,000 under the asking price
Sold$2,700,000
Sold · April 29, 2026
13000 Arch Creek Terrace
4 bed · 4.5 bath · 2,687 sqft · $1,005/sqft
$150,000 under the asking price
Sold$1,500,000
Sold · February 25, 2026
12430 Keystone Island Drive
3 bed · 2.5 bath · 2,048 sqft · $732/sqft
$250,000 under the asking price
Sold$7,500,000
Sold · February 6, 2026
13225 Arch Creek Terrace
6 bed · 5.5 bath · 4,547 sqft · $1,649/sqft
$399,000 under the asking price
See every recorded sale in Keystone Island No 1 or find out what your Keystone Island No 1 home is worth.
