Notable sales / buy side waterfront

2085 Ixora Rd, North Miami, FL 33181

75 feet of intersecting canal frontage in Keystone Point, closed $200,000 under ask after an estate process pushed the closing five weeks past its date.

By Marina MelnikovaSunSt Real EstateNovember 2025
The deal
Closed price
$2,300,000
Price per SF
$878
Building SF
2,620
Year built
1955
Property type
Single-Family, Canal Front
County
Miami-Dade
Closed
November 2025

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.

2085 Ixora Rd, North Miami, Florida
2085 Ixora Rd, North Miami, FL 33181, North Miami, Miami-Dade County.SunSt Real Estate

The house was never the hard part. Four bedrooms, four baths, 2,620 square feet on one level, built in 1955 on a 75 by 114 foot lot in gated Keystone Point, with 75 feet of intersecting canal frontage, a deeded dock, a boat lift, no fixed bridges and unrestricted salt water access. Heated pool, 35 by 15, with a spa. Gas range, gas generator. Buyers who see that in person mostly stop shopping.

Everything difficult sat on the seller side of the table. Title ran through a probate and guardianship process, which meant court approvals on a calendar nobody in the deal controlled. There were open permits. Contractors moved slowly. The closing date was extended more than once, and partway through, the title company changed.

Marina Melnikova represented the buyers. Her job across those months was to keep five parties pointed in the same direction: the buyers, the listing side, the title professionals, the attorneys handling the estate, and the contractors who had to close out the permits. Documents were tracked to the day. Each extension was negotiated rather than accepted.

The contract called for closing on September 30, 2025. It funded on November 5. The listing had asked $2,500,000; it closed at $2,300,000. Those five weeks are what the delay was worth to a seller who needed the transaction finished, and that discount was only available to a buyer willing to stay in the deal while the court process ran.

2085 Ixora Rd, North Miami, Florida — photo 2
2085 Ixora Rd, North Miami, Florida — photo 2SunSt Real Estate

The full underwriting

Comp set, rent roll, cap rate at three financing scenarios, and the exit math. Delivered to your inbox in under a minute.

The property
Questions

Thinking about your own sale

Tell us the property and the timing. We reply the same business day.

Phone or email, whichever you prefer