24-hour guard-gated community of Keystone Point, this rare waterfront opportunity offers 106 feet of deep water frontage on a wide, ocean-access canal—with no bridges to bay. Perfectly positioned on a generous 12,000 SF corner lot (106’ x 112’) this property invites you to renovate the existing 4-bed, 3-bath home or build your dream Miami waterfront escape on the LARGEST LOT currently for sale in Keystone. Offered at land value, the near-original residence features a 2-car garage, pool, expansive covered patio, and ample outdoor space ideal for entertaining. Whether you're looking to create a NEW modern retreat or a luxurious tropical oasis, this lot offers limitless potential. Located just minutes from Bal Harbor, world-class shopping, fine dining, and the beaches. Floor plan available.
Sold for $2,200,000 on 08/11/25
$2,200,000
2235 Magnolia Dr, North Miami, FL 33181
4beds
2,346sqft
Single Family Residence
Built in 1959
0.27 Acres Lot
$2,199,900 Zestimate®
$938/sqft
$7,857 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 11, 2025 at 01:30pm
Listed by:
Jeffrey Koebel 305-606-2252,
Montgomery & Koebel, Inc.
Bought with:
Jeffrey Koebel, 0547393
Montgomery & Koebel, Inc.
Source: MIAMI,MLS#: A11792107
Originating MLS: A-Miami Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
- Laundry: In Garage
Features
- Walk-In Closet(s), Storage
- Flooring: Tile
Interior area
- Total structure area: 3,696
- Total interior livable area: 2,346 sqft
Property
Parking
- Total spaces: 2
- Parking features: Circular Driveway, Covered
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Entry location: First Floor Entry
- Patio & porch: Patio, Screened Porch
- Has private pool: Yes
- Pool features: In Ground, Screen Enclosure
- Fencing: Fenced
- Has view: Yes
- View description: Pool, Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Ocean Access, Canal Front, WF/Pool/Ocean Access
- Frontage length: 106
Lot
- Size: 0.27 Acres
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Parcel number: 0622280200280
- Zoning: 0900
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS Construction
- Roof: Curved/S-Tile Roof
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & neighborhood
Community
- Community features: Boating, Gated, Card/Electric Gate
Location
- Region: North Miami
- Subdivision: Keystone Island No 4
Other
Other facts
- Listing terms: All Cash,Conventional
Services availability
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Estimated market value
$2,199,900