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$2,450,000

Beds
4
Baths
4.0
sq ft
2,531

1960 NE 124th St, North Miami, FL 33181

1960 NE 124th St

North Miami, FL 33181

  • Pending
    • Price drop $150,000↓
This Beautifully designed home has it all. Located in prestigious, gated Keystone Point, this waterfront property sits on an OVERSIZED 11,250sf lot, offering privacy and 75ft of frontage with Private dock. Modern, Generously sized 4 bedrooms/ 4 bathrooms (3 en-suite bedrooms) with upscale finishes. Custom kitchen, gorgeous stone counters, top of the line appliances, Jerusalem stone floors thru out, Impact French doors and Windows, Metal Standing Seam Roof. Large, Resort style pool with Fountains and Lighting, surrounded by lush landscaping, decorative stone, and tile walkways. Finished garage + A/C. Areas to Easily expand square footage if desired. Keystone Point, nicely located near Beaches, Bal Harbour, Restaurants, Whole Foods, Schools, and Airports. Voluntary Homeowners Association.

Details

Property type

Single Family Residence

Est. home value

$1,990,784

Lot size

0.26 acres

Price per sq ft

$968

Year built

1953

Annual property taxes

$21,210

Price History

03/12/2025
SEF

SEF #A11692790

Pending
$2,450,000
03/02/2025
SEF

SEF #A11692790

Price change
$2,450,000
-5.77%
12/04/2024
SEF

SEF #A11692790

Listed
$2,600,000
-2.8%

Schools & Community

Elementary school: 

David Lawrence Jr K-8

Middle school: 

Unknown

High school: 

Alonzo and Tracy Mourning Sr. High

Community features: 

Gated, Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Hometap Investment Partners Iii Spv Llc

Loan start date

October 2021

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Not Provided

Seller

Michael L Palma and Idrissa Catherine Palma

Lender

Hometap Investment Partners Iii Spv Llc

Loan start date

October 2021

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Not Provided

Seller

Michael L Palma and Idrissa Catherine Palma

Lender

Cardinal Financial Company Lp

Loan start date

January 2020

Original loan amount

$692,500

Est. remaining balance

$620,297

Interest rate

3.66%

Loan type

New Conventional, 30 year

Seller

Michael L Palma and Idrissa Catherine Palma

Lender

Cardinal Financial Company Lp

Loan start date

January 2020

Original loan amount

$692,500

Est. remaining balance

$620,297

Interest rate

3.66%

Loan type

New Conventional, 30 year

Seller

Michael L Palma and Idrissa Catherine Palma

Lender

Citibank Na

Loan start date

November 2018

Original loan amount

$453,100

Est. remaining balance

$401,905

Interest rate

4.65%

Loan type

New Conventional, 30 year

Seller

Michael L Palma and Idrissa Catherine Palma

Lender

Citibank Na

Loan start date

November 2018

Original loan amount

$453,100

Est. remaining balance

$401,905

Interest rate

4.65%

Loan type

New Conventional, 30 year

Seller

Michael L Palma and Idrissa Catherine Palma

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 04/02/2025 at 10:30 AM

Listing updated: 03/17/2025 at 12:55 PM

Listed by: Cheryl Bose Banner, Global Luxury Realty LLC Phone #: (305) 968-9442

MLS: SEF #A11692790

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