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12944 Banyan Rd
About This Property
Inside, this 4-bedroom, 3-bathroom home offers a thoughtful split-bedroom layout, spacious interiors, and an effortless connection to the outdoors. The contemporary kitchen blends sleek finishes with warm natural detail, including a distinctive wood countertop, while the expansive primary suite offers a private retreat with a generously sized bathroom and deep soaking tub.
Outside, Casa Solara embraces the best of South Florida living. A beautiful pool anchors the backyard, complemented by two covered terraces that create inviting spaces for relaxing and entertaining. One terrace features an outdoor grill and dining area, perfect for alfresco meals with family and friends. A large driveway and covered carport provide ample parking and convenience.
With its modern design, private pool, generous outdoor living spaces, and direct connection to the water, Casa Solara is a waterfront retreat designed for both everyday living and effortless entertaining.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Price Decreased |
$2,600,000
↓ $199K
(7.1%) | |
| Price Decreased | |||
| Sep 28, 2026 | Listed by Maggi Realty Group | $2,799,000 | |
| Listed by Maggi Realty Group | |||
| Oct 17, 2025 | Listed | $3,000,000 | |
| Listed | |||
| | |||
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Experience waterfront living at its finest in this fully renovated modern home located in the prestigious gated community of Keystone Islands, North Miami Beach. This spacious 4-bedroom, 3-bathroom residence offers 2,484 sq/ft of elegantly designed living space. The expansive backyard is a true entertainer’s dream, featuring a sparkling pool, custom-built barbecue area under a stylish pergola, and a private dock that accommodates up to a 60’ boat. Enjoy direct ocean access with no fixed bridges, making it a boater’s paradise. The property also includes a covered garage plus three additional uncovered parking spots. Whether you're hosting guests or seeking a peaceful waterfront retreat, this move-in ready gem offers the best of South Florida luxury living.
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| Jun 15, 2011 | Sold | ||
| Sold | |||
Property Highlights
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About North Miami
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017