1991 NE 123rd St #1991, North Miami, FL 33181
In North Miami, a two-bedroom townhouse with a private dock on the canal sold for $60,000 under its asking price after 74 days on the market.
- List price
- $900,000
- Sale price
- $840,000
- We represented
- Buyer
- Living area
- 1,482 SF
- Price per SF
- $567
- Beds / baths
- 2 / 2.5
- Year built
- 1968
- Property type
- Townhouse, Fee Simple, Canal Front
- County
- Miami-Dade
- Days to contract
- 74 days
- Closed
- November 2024
Transactions shown were closed by Marina Melnikova while licensed with BB Realty. 1991 NE 123rd St #1991 was co-represented with Jelena Grady, Trust Invest Real Estate Corp. Marina Melnikova is now a licensed sales associate with SunSt Real Estate LLC. Listing data is deemed reliable but not guaranteed. Client names and details are withheld at the clients' direction.
An Uncommon Arrangement
The townhouses of Areta Estates line the canal side of Northeast 123rd Street. They are fee-simple, meaning the buyer owns the structure and the ground it occupies. There is no association, no monthly maintenance fee, and no governing board.
This unit is 1,482 square feet, with two bedrooms and two and a half baths. It was built in 1968 and updated before the sale. The floors are a mix of marble, tile, and wood. The house has impact glass throughout. The primary bedroom is on the second floor.
- Two levels, 1,482 sq. ft.
- Two bedrooms, two full baths, one half bath
- Built in 1968, renovated
- Deeded dock with a boat lift
- No homeowner's association
The Work of the Purchase
The property includes a deeded dock with a boat lift, supplied with its own electricity and water. It offers direct canal frontage and ocean access.
Marina Melnikova co-represented the buyer, alongside Jelena Grady of Trust Invest Real Estate Corp. With a purchase of this nature, the decisive work is often invisible. It involves confirming the precise nature of the dock rights, reading the survey against the unit’s boundary, and assessing the seawall. It means drafting contract terms that protect the buyer from any variance in that information. The property is in Flood Zone AE, so insurance was a considerable line item, priced before the inspection period closed.
What did 1991 NE 123rd St #1991 sell for?
What does fee simple mean for a waterfront townhouse?
What should a buyer check before buying canal-front in North Miami?
Who represented the buyer?
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