$281,000 - $294,000
RENTED JUN 30, 2025

Blue Lagoon 5077 NW 7th St Unit 1505 Miami, FL 33126

Flagami Neighborhood
1 Bed
1 Bath
685 Sq Ft
2003 Built

Highlights

  • Dock Available
  • Home fronts a lagoon or estuary
  • Central Heating and Cooling System
  • Spa
  • No HOA
  • 1 Car Garage

About This Home

As of June 2025

Beautiful apartment with 1 bedroom, 1 bathroom and 1 parking space, with beautiful view to city light, Blue Lagoon and Airport. Washer and Dryer inside the unit. The Blue Lagoon Condominiums has excellent location and spectacular amenities that include business center, heated pool, Jacuzzi, fitness center, grocery, spa/sauna, beauty salon, 7 BBQ in front of the lagoon, mini golf, kids play area, area for parties, Electric vehicle (EV) charging Station. Conveniently located in Central Miami, close to Miami International Airport and highway access to Downtown and the beaches in minutes.

Last Agent to Rent the Property

Fernando Delgado

Soy Tu Realtor LLC License #3416424 Listed on: 02/27/2025

Co-Listed By

karina martins

Soy Tu Realtor LLC License #3416852

Last Renter's Agent

Erick Eskelsen

Luxe Properties License #3473178

Luxe Properties

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,927

Year Built

  • Built in 2003

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • 685 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Pool

  • Spa
  • Heated Above Ground Pool

Schools

  • King; Martin L. Elementary School
  • South Miami Middle School

Additional Features

  • Dock Available
  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 4/1/25
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 01-31-31-032-4500

Community Details

Overview

  • No Home Owners Association
  • Blue Lagoon Condo
  • Blue Lagoon Condo Subdivision
  • 17-Story Property

Pet Policy

  • Cats Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,927

Year Built

Built in 2003

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: No, Cats OK
  • Available Date: 2025-04-01
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 2003
  • Property Sub Type: Condominium
  • Co List Office Mls Id: SUTR01
  • Co List Office Phone: 786-587-2219
  • Directions: GPS
  • Entry Level: 15
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 17
  • Structure Type: Condo/Co-Op/Annual, Condo
  • Subdivision Name: BLUE LAGOON CONDO
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: No
  • Special Features: VirtualTour
  • Stories: 17

Interior Features

  • Spa Yn: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Furnished: Unfurnished
  • Living Area: 685
  • Stories: 17

Exterior Features

  • Pool Features: Above Ground, Heated, Hot Tub
  • Pool Private: No
  • View: No
  • Waterfront Features: Lagoon
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: BLUE LAGOON CONDO
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: King; Martin L.
  • Middle Or Junior School: South Miami

Lot Info

  • Parcel Number: 01-31-31-032-4500
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Zoning: 6106

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2006
Sold by
Blue Lagoon Palace Inc
Bought by
Perrozzi Stefano
Current Estimated Value
$333,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,350
Outstanding Balance
$161,849
Interest Rate
6.28%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$124,179
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Perrozzi Stefano $298,000 Attorney
Ordonez Alvaro $293,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ordonez Alvaro $278,350
Closed Perrozzi Stefano $238,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Rented $2,100 0.0% --
06/25/2025 06/25/25 Under Contract -- -- --
02/27/2025 02/27/25 For Rent $2,100 -4.5% --
03/31/2023 03/31/23 Rented $2,200 0.0% --
03/23/2023 03/23/23 Under Contract -- -- --
03/02/2023 03/02/23 For Rent $2,200 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,927 $201,689 -- --
2024 $3,636 $183,354 -- --
2023 $3,636 $166,686 $0 $0
2022 $3,169 $151,533 $0 $0
2021 $2,927 $137,758 $0 $0
2020 $2,934 $137,758 $0 $0
2019 $2,775 $131,198 $0 $0
2018 $2,513 $124,950 $0 $0
2017 $2,391 $106,936 $0 $0
2016 $2,281 $97,215 $0 $0
2015 $2,284 $88,378 $0 $0
2014 $2,171 $80,344 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11753421

MIAMI REALTORS® MLS

APN: 01-3131-032-4500