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+21 photosWaterfront home — 1242 NE 81st Terrace · Bay Crest · Miami
South Florida Luxury Living
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Open property magazine$6,700,000
1242 NE 81st Terrace, Miami, FL 33138
Boat up to approx. 49' LOA — preliminary estimate, verify
Estimate only, not guaranteed. Verify before you buy or sell. Boat length is a preliminary estimate from the water frontage, not a stated dock length — verify the berth before relying on it. Saved Baker's Haulover Inlet route. Charted route depth is not a surveyed private-dock depth or confirmed boat draft; uncovered stretches need verification. Verify tide and bridge headroom with your captain.
Miami, FL, 33138
3 bd · 3 ba · 2,083 sqft · 80 ft of water
Listed by Black Key Realty
1242 NE 81st Terrace, Miami, FL 33138
Boat up to approx. 49' LOA — preliminary estimate, verify
Estimate only, not guaranteed. Verify before you buy or sell. Boat length is a preliminary estimate from the water frontage, not a stated dock length — verify the berth before relying on it. Saved Baker's Haulover Inlet route. Charted route depth is not a surveyed private-dock depth or confirmed boat draft; uncovered stretches need verification. Verify tide and bridge headroom with your captain.
Listed by Black Key Realty
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
0 of 6 homes in your tour
Estimated monthly payment
$43,809/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $43,809/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesWelcome to this stunning waterfront home in Miami’s Upper East Side! This beautifully maintained 3-bedroom, 2.5-bath residence offers 80 feet of waterfront, direct bay access, a private dock and boat lift. Enjoy a spacious outdoor area with a pool and breathtaking water views, perfect for entertaining or relaxing. Ideally located near Miami’s top dining, shopping and entertainment, this is a rare opportunity to enjoy the best of the Miami waterfront lifestyle.
Ask Simon about boat size
Boat length limit: 49 ft est. — verify · Dock: Not provided — Ask Simon
min · est.
4.8 nm
low tide depth
Enter draft
bridges on the route
a tall boat passes only when they open, on their schedule
Run to the ocean
Map © Esri · saved route, planning only
Water depth on the way out
about 4 ft at low tide (estimate, canal not surveyed)
Charted route depths do not confirm private dock depth, current shoaling or safe passage; verify with your captain.
Today’s tide · Eastern time
High: 1.9 ft · 12:00 AM ET
Low: 1.9 ft · 12:00 AM ET
Route bridges & sources
Bridges on the route
Broad Causeway Bridge · opens · 15.7 ft closed · Opens on the quarter and three-quarter hour
SR A1A Bal Harbour · fixed · 31.8 ft
Depth sources
Army Corps survey · Intracoastal Waterway, Miami-Dade County · surveyed Feb 13, 2025 · shallowest 1.6 ft on your route
Army Corps survey · Bakers Haulover Inlet · surveyed Aug 6, 2025 · shallowest 7 ft on your route
NOAA chart (updated weekly)Tides
Tides: NOAA tide predictions, nearest station
Estimate only, not guaranteed. Verify before you buy or sell.
Property Details
Your costs (est.)
≈ $43,809/mo
1242 NE 81st Terrace, Miami, FL 33138 · Miami
Location
1242 NE 81st Terrace, Miami, FL 33138
Dock & Draft Match™
80 ft stated water frontage less the local Miami (incl. Coconut Grove) side-line buffers; canal and inlet length limits not provided — Ask Simon; route to the Atlantic limited by the home canal, about 69 ft wide (est.). Length screen only; verify beam, draft, bridges and tides
Boat length ~49 ft · preliminary
One home, every check
Dock & Draft Match™ brings this home's dock length, low-water depth, every bridge, the ocean run, frontage and yacht size together in one place. Estimate only, not guaranteed. Verify before you buy or sell.
What buyers ask about this home
What are the estimated monthly carrying costs at 1242 NE 81st Terrace, Miami, FL 33138?+
Property tax (after sale): $7,922/month est.; homeowners insurance: $1,122/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $9,044/month est. Principal and interest: $34,765/month; PMI: $0/month. Total for the payment scenario shown: $43,809/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 1242 NE 81st Terrace, Miami, FL 33138?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 1242 NE 81st Terrace, Miami, FL 33138 need flood insurance, and what drives the premium?+
Most of Miami sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 1242 NE 81st Terrace, Miami, FL 33138?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the waterfront at 1242 NE 81st Terrace, Miami, FL 33138?+
Waterfront ownership adds seawall maintenance and eventual replacement, dock and lift servicing, higher flood and wind premiums, and salt-air upkeep on exterior finishes and equipment. Confirm bridge height and water depth at low tide if you plan to keep a boat.
Is there room to negotiate on 1242 NE 81st Terrace, Miami, FL 33138?+
This listing has been on the market 42 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami. Distinct neighborhoods, local dining and shopping, with downtown, Brickell and MiamiCentral as everyday destinations.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Jesse J. Mccrary Jr. Elementary School
Elementary · 2.1 mi from this home · 514 Nw 77Th St, Miami
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Archdiocese Of Miami Virtual Catholic School
Pre-K & Kindergarten · Private · Catholic · Grades K–12 · Miami Shores
Mcdonalds Playworld Community Development Inc Dba
Pre-K & Kindergarten · Private · Grades K–12 · Miami
Advance Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · North Miami
Ebenezer Christian Academy II
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Miami
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
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