For sale

$4,999,000

Est. $39,934/mo —

•

3,908

sq ft

12904 Banyan Rd, North Miami, FL 33181

About this home

Bring your super yachts! This rare waterfront estate in Gated Keystone Point sits on a 15,504 SF corner lot with 250 FT on the water. Two docks (136 FT & 114 FT) provide room for two 100+ FT yachts in a deep-water canal w/ direct ocean access & no fixed bridges. This spacious 4BD/5BA home features newer white porcelain floors, large primary suite w/ expansive en-suite bath & French doors in every room opening to the pool for seamless indoor-outdoor living. Move-in ready w/ remodeled baths, built-in closets. Large bright and light open kitchen. Resort-style backyard boasts a pool, large patio decks, & covered outdoor kitchen. Seawall upgraded w/ batter piles & new cap, plus a new dock—a boater’s dream! electric gate, 2-car garage, prime location. A True one-of-a-kind waterfront opportunity!

Single-familyProperty Type

1961Year Built

0.36 acresLot Size

$1,279Price/Sq.Ft.

2 car garageParking

Listed by Richard Feldman • Miami Waterfront Realty

•305-970-2884 (agent)

•richardtoddfeldman@gmail.com (agent)

•305-970-2884 (broker)

•Richardtoddfeldman@gmail.com (broker)

Listing updated: May 18, 2026 at 11:21am

Redfin checked: 2 minutes ago

•Source:MARMLS #A11722549

Payment calculator

$39,934 per month

Principal and interest$27,963

Property taxes

$5,931

HOA dues

Home insurance

$6,040

Utilities

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Next available date: Wednesday, October 14

Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

David Lawrence Jr. K-8 Center

Public PreK-8 • Assigned • 1.5mi

7/10

Alonzo And Tracy Mourning Senior High Biscayne Bay Campus

Public 9-12 • Assigned • 1.7mi

4/10

Provided by GreatSchools

About Keystone

Point

Keystone Point, located between Biscayne Boulevard (US-1) and Biscayne Bay, is a waterfront and residential North Miami neighborhood with canal-lined streets and private docks. Guard-gated islands and low-slung mid-century homes set a quiet, nautical tone, with wide driveways and palms framing the water. The neighborhood’s character concentrates at the Keystone Islands gatehouse along Keystone Boulevard, where boats idle in the canals and evening walks trace the seawalls. For a local ritual, the MOCA Plaza at Museum of Contemporary Art, North Miami pairs gallery openings with a café-and-stroll atmosphere. Oleta River State Park adds mangrove trails and paddle launches nearby, while Arch Creek Park brings a shaded, historic pause off the main roads.

Provided by Walk Score and Local Logic

Market insights

12904 Banyan Rd · $4,999,000

DAYS ON MARKET

The average home goes pending in 75 days.

SALE-TO-LIST

Most homes are selling 4% below list price.

LIST PRICE

Median list price in this area is $715,161. (86% lower than this home)

PRICE DROP

17% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Bedroom on main level
First floor entry
Family room
Florida room

Bedrooms
Includes a bedroom on the main level

Bathrooms
5 full bathrooms

Kitchen
Refrigerator

Laundry & utility
Washer
Dryer

Heating & cooling
Central heating
Central air conditioning
Ceiling fans

Sale and tax history for 12904 Banyan Rd

Sale History
Tax History

Date

Event

Price

MARMLS #A12004076

May 11, 2026

Rental Removed

$16,750

$4/sq ft

May 2, 2026

Price Changed

$16,750

$4/sq ft

Apr 23, 2026

Listed for Rent

$26,000

$7/sq ft

MARMLS #A11722549

Oct 14, 2025

Price Changed

$4,999,000

$1,279/sq ft

Jul 16, 2025

Price Changed

$5,200,000

$1,331/sq ft

Apr 4, 2025

Price Changed

$5,250,000

$1,343/sq ft

Feb 28, 2025

Price Changed

$5,699,000

$1,458/sq ft

Jan 29, 2025

Listed

$5,875,000

$1,503/sq ft

Avail #1

Mar 2, 2025

Rental Removed

$20,000

$5/sq ft

Aug 22, 2024

Listed for Rent

$20,000

$5/sq ft

MARMLS #A2113977

Jul 13, 2015

Sold

$1,275,000

$326/sq ft

Jun 24, 2015

Pending

—

May 9, 2015

Listed

$1,499,900

$384/sq ft

This 4BR/5BA home in guard-gated Keystone Point sits on a large, fully gated corner lot in a cul de sac overlooking the Intracoastal Waterway. The home features tiled floors throughout, open kitchen, large living/dining room w/ French doors that open to views of the pool & waterway. Large family/media room with views to the pool area. Expansive wooden dock that runs the entire back of the home with electric boat lift, large pool deck & pool. This is a great family home just needs a little TLC.

MARMLS #A1732444

Oct 24, 2013

Listing Removed

—

Jun 11, 2013

Price Changed

$1,899,000

$486/sq ft

Jan 9, 2013

Listed

$1,900,000

$486/sq ft

MARMLS #A1651311

Jun 10, 2012

Listed

$1,900,000

$486/sq ft

Public Records

Feb 1, 1991

Sold

$246,000

$63/sq ft

Public Records

Aug 1, 1985

Sold

$77,500

$20/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$29,777 (−58.2%)

2024

$71,170 (+152.3%)

2023

$28,207 (+3.1%)

2022

$27,370 (+0.2%)

2021

$27,316 (+1.2%)

2020

$26,999 (+2.1%)

2019

$26,445 (+3.8%)

2018

$25,465 (−29.6%)

2017

$36,149 (+4.8%)

2016

$34,504 (+4,620.1%)

$1,054,398 + $488,411

$1,542,809

2015

$731 (−96.4%)

$960,882 + $493,226

$1,454,108

2014

$20,072 (+1.2%)

2013

$19,824 (+1.6%)

2012

$19,518 (+1.5%)

$287,680 + $551,410

$839,090

2011

$19,232

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

114 ft.

Lot depth

136 ft.

Lot size

0.36 Acres

Year renovated

1981

Finished Sq. Ft.

3,908

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,908

Year built

1961

Style

Single Family Residential

County

Miami-Dade County

APN

0622280120300

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 19, 2026.

R-1

Residential Estate District

The purpose of the R-1 residential estate district is to establish areas of low-density residential uses characterized by detached dwellings, protect and preserve the integrity and value of existing low-density neighborhoods consistent with the low-density residential land use category of the comprehensive plan.

Permitted uses

Include but are not limited to:

Community / recreation center
Day care facility
Housing-Group
Housing-Single unit
Educational/school
Fire house
Police station
Recreation
Park & open space

Climate risks

9/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

7 days above 103° expected this year, 27 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

North Miami, FL • 33181

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

89/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in North Miami. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.7 hrs

6.2 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 12904 Banyan Rd

$4,590,234

$409K under list price of $5.00M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $2.4M to $7.5M.

SOLD JUL 21, 2026
$5,150,000 Last sold price
6 beds7 baths4,818 sq ft
2040 NE 121st Rd, North Miami, FL 33181
$210/sq ft
smaller lot
55 years newer
SOLD SEP 17, 2026
$3,340,000 Last sold price
4 beds4.5 baths3,168 sq ft
1940 Alamanda Dr, North Miami, FL 33181
$225/sq ft
smaller lot
65 years newer
SOLD MAY 12, 2026
$4,500,000 Last sold price
4 beds4.5 baths3,450 sq ft
13045 Coronado Ter, North Miami, FL 33181
$25/sq ft
smaller lot
63 years newer
SOLD JUL 17, 2026
$2,400,000 Last sold price
3 beds3.5 baths2,295 sq ft
2130 NE 122nd Rd, North Miami, FL 33181
$233/sq ft
smaller lot
9 years newer
SOLD JUL 30, 2026
$7,530,000 Last sold price
6 beds6.5 baths5,750 sq ft
2370 Bayview Ln, North Miami, FL 33181
$31/sq ft
smaller lot
57 years newer
SOLD MAY 12, 2026
$2,373,900 Last sold price
4 beds4 baths3,204 sq ft
2055 Keystone Blvd, North Miami, FL 33181
$538/sq ft
smaller lot
14 years newer

Rental earnings

Est. $9,584 per month, based on comparable rentals

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