BAY CREST SEC 2

1242 NE 81st Ter, Miami FL 33138

3 beds · 2.5 baths · 2,083 ft²

Closed

$5,999,000

20.22%

Est. Payment $31,929/mo

MLS Sheet Video

3

Bedrooms

2.5

Bathrooms

2,083

Sq. Ft.

1973

Year Built

2

Garage

74

Days on Market

Description

Attention Developers and Investors! Renderings available to develop your dream mansion on the bay or build it as spec home for sale. You can develop up 7000 sf house with a rooftop terrace overlooking the Biscayne Bay with a 80 foot dock and an infinity pool. Currently the property is a fully renovated 3/3 villa villa that offers a pool, dock with a boat lift, 2 car garage and stainless steel appliances and custom cabinets. Property is sold furnished and ready for an airbnb business to generate income before beginning of construction.

Facts

MLS#
A11488780
Subdivision
BAY CREST SEC 2
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1973
Lot Size
11,100 ft²
Sq. Ft.
2,083 ft²
Sq. Mt.
194 m²
Price per sq. ft.
$2,880/ft²
Price per sq. mt.
$30,923/m²
Stories
Garage
2 spaces
Pool
Days on Market
74 days
Listed
Nov 19, 2023
Last Updated
Mar 21, 2024
Price/Lot Sq.Ft.
$540/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

45

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

3/21/2024Sold$5,999,000
12/26/2023Price change$5,999,000+20.2%
11/19/2023Listed for sale$4,990,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

1242 NE 81st Ter, Miami FL 33138Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$37,078/mo

Principal & Interest

$31,929

Property Tax

$4,999

Insurance

$150

HOA

$0

20% ($1,199,800)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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