10
  • 5
  • Bedrooms
  • 3
  • Bathrooms
  • 2589 Sq Ft
  • Area Size
1060 NE 123rd Street, North Miami FL 33161 | Miami-Dade County | B26045358
  • $624,900

Description

Unlock the potential of this charming North Miami property, ideally located near shopping, dining, parks, schools, and major commuter routes. Offering a fantastic opportunity for homeowners and investors alike, this home is ready for your personal touch and vision. While it will benefit from some updates and improvements, its desirable location and strong potential make it an excellent value. Enjoy convenient access to Biscayne Boulevard, beautiful beaches, entertainment, and everything South Florida has to offer. Don’t miss the chance to transform this property into something truly special.

Property Overview

This is a 5-bedroom, 3-bath home of about 2589 square feet at 1060 NE 123rd Street, North Miami FL 33161 (North Miami 33161), listed at $624,900.

Monthly Costs, Stated Plainly

This home has no mandatory HOA (single-family / no association on record).

The tax of record is $11,838 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $12,500/yr (≈ $1,042/mo); with the homestead exemption on a primary residence, about $11,500/yr (≈ $958/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price for 1060 NE 123rd Street is $624,900. While the MLS does not specify the furnished status, fixtures and built-in appliances—like lighting, shelving, and the stove—typically convey with the home. Community amenities, if any, would be shared through the HOA and are separate from what stays with the property. For precise details on inclusions or to explore this 5-bedroom home further, contact Christopher Lazaro, North Miami Real Estate Broker Associate, directly.

Where exactly is it, and what should I know about the location?

This home at 1060 NE 123rd Street is situated in North Miami, FL 33161, a vibrant coastal corridor community just minutes from Biscayne Bay. The property offers easy access to major highways, waterfront parks, and local dining, blending convenience with relaxed coastal living. For the latest insights on neighborhood dynamics or to schedule a private tour, contact Christopher Lazaro, North Miami Real Estate Broker Associate, directly.

What are the HOA / association fees, and what do they cover?

This single-family home at 1060 NE 123rd Street has no mandatory HOA—no association fees or shared amenities. As the owner, you’d handle all utilities, landscaping, and upkeep independently, though the property remains subject to North Miami’s city ordinances. For full details or to confirm local regulations, contact Christopher Lazaro, North Miami Real Estate Broker Associate, directly.

What are the property taxes and homestead implications?

The current tax of record for 1060 NE 123rd Street is $11,838 (2025). As an estimate only — Florida reassesses upon sale — at the $624,900 list price and Miami-Dade’s approximate 2.0% rate: without homestead, expect around $12,500/yr (≈ $1,042/mo); with Florida’s homestead exemption, which reduces taxable value for primary residences only, the estimate drops to roughly $11,500/yr (≈ $958/mo). These are projections, not guarantees — always confirm with the Miami-Dade Property Appraiser and a tax specialist. For precise figures tailored to your situation, contact Christopher Lazaro, North Miami Real Estate Broker Associate.

Is the home in a flood zone, and what does that mean?

This home at 1060 NE 123rd Street is in a FEMA-designated flood zone, which determines flood risk and insurance requirements. Flood zones like AE or VE indicate high-risk coastal areas, while X zones are lower risk—FEMA's definitions clarify these categories, and you can View the FEMA flood map for this address to confirm specifics. Lenders often mandate flood insurance in high-risk zones, so I recommend consulting Christopher Lazaro, North Miami Real Estate Broker Associate, to review the exact implications for this $624,900 property.

Are pets allowed?

As a single-family home, 1060 NE 123rd Street has no condo or HOA restrictions—pet policies are set by the owner, following local ordinances or lease terms if rented. Documented service animals and emotional support animals (ESAs) are protected under federal law. For clarity on current arrangements, contact Christopher Lazaro, North Miami Real Estate Broker Associate, to confirm details before proceeding.

How is the price set and is there room to negotiate?

The $624,900 list price reflects a competitive CMA analysis of North Miami’s 5-bedroom market, balancing recent sales and this home’s 2,589 sqft footprint. Miami-Dade single-family homes have recently been closing at 95% of original list, averaging 41 days to contract (MIAMI REALTORS®, May 2026), so while there’s room to negotiate, strategic offers perform best. Before drafting terms, let’s review a North Miami-specific CMA—Christopher Lazaro, North Miami Real Estate Broker Associate, can verify adjustments for this property’s unique value.

What financing step do you recommend before touring?

Before touring 1060 NE 123rd Street, I strongly recommend securing a Florida-licensed MLO's pre-approval — it clarifies your budget and strengthens your position in North Miami's competitive market. At $624,900, this 5-bedroom home demands confidence in financing, especially with its 2,589 sqft footprint. Reach out to me, Christopher Lazaro, North Miami Real Estate Broker Associate, to verify your readiness or explore next steps.

Monthly Fees & Carrying Costs

  • Membership Required: No

Have a question about this North Miami listing?

Talk directly with Christopher Lazaro, your North Miami real estate advisor. No pressure — real answers.

  • Address: 123rd
  • City: North Miami
  • Zip/Postal Code: 33161

Details

Updated on July 5, 2026 at 1:55 am
  • Property ID B26045358
  • Price $624,900
  • Property Size 2589 Sq Ft
  • Bedrooms 5
  • Rooms 3
  • Bathrooms 3
  • Year Built 1947
  • Property Status Active, Residential

Additional details

  • Flooring Tile
  • Cooling Central Air, Wall/Window Unit(s)
  • Area Priors 2nd Addn To Biscayn
  • Annual Tax 11838
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 3
  • Subdivision PRIORS 2ND ADDN TO BISCAYN
  • Total Stories 1
  • Restrictions See Broker Remarks
  • Parking 1 Space, Parking Garage
  • Heating Other
  • Structure Type House
  • Tax Year 2025
  • Construction Slab Construction, Stucco
  • Building Area 2589
  • Covered Spaces 1
  • Middle School North Miami
  • View Garden
  • Year Built Details Resale
  • High School North Miami
  • Half Bathrooms 0
  • New Construction No
  • Garage Spaces 1
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

Mortgage Calculator

Schedule a Tour

Tour Type

Contact Information

View Listings
Christopher Lazaro

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare