$370,000
SOLD DEC 12, 2024

5085 NW 7th St Unit 702 Miami, FL 33126

Flagami Neighborhood
2 Beds
2 Baths
914 Sq Ft
$565/mo HOA Fee

Recently Sold

$405 Per Sq Ft

7% Below List Price

18 Days on Market

Highlights

  • Lake Front
  • Fitness Center
  • Sauna
  • Boat Dock
  • Clubhouse
  • 1-minute walk to Antonio Maceo Park

About This Home

As of December 2024

BEAUTIFUL APARTMENT REMODELED CORNER UNIT AT BLUE LAGOON CONDOMINIUM OFFERING UNOBSTRUCTED VIEWS OF THE LAKE,AIRPORT AND POOL. RELAX ON YOUR BALCONY AND ENJOY THE BREATHTAKING VIEWS. BLUE LAGOON CONDOMINIUM HAS 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 CHARGING STATION. CLOSE TO MIAMI INTERNATIONAL AIRPORT AND HIGHWAY ACCESS TO DOWNTOWN AND THE BEACHES IN MINUTES.

Last Agent to Sell the Property

Lucia Santiago

Florida Capital Realty License #3243708 Listed on: 11/21/2024

Florida Capital Realty

Last Buyer's Agent

Lucia Santiago

Florida Capital Realty License #3243708 Listed on: 11/21/2024

Florida Capital Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,350

Year Built

  • Built in 2003

Lot Details

  • Lake Front

HOA Fees

  • $565 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 914 Sq Ft Home
  • Vinyl Flooring
  • Lake Views
  • Dryer

Kitchen

  • Electric Range
  • Microwave
  • Trash Compactor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Dock Available
  • Balcony
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01-31-31-032-2090

Community Details

Overview

  • Blue Lagon Condo
  • Blue Lagoon Condo Subdivision
  • 17-Story Property

Amenities

  • Community Barbecue Grill
  • Sauna
  • Clubhouse
  • Business Center
  • Elevator

Recreation

  • Boat Dock
  • Community Playground
  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,350

Year Built

Built in 2003

Lot Details

0

HOA Fees

$565 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Entry Level: 7
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: BLUE LAGOON CONDO
  • Year Built Details: Condo-Conversion
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dryer, Electric Water Heater, Microwave, Other Equipment/Appliances, Electric Range
  • Interior Amenities: Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Vinyl
  • Furnished: Unfurnished
  • Living Area: 914
  • Possible Use: Secondary
  • Stories: 17
  • Bedroom Features: Other

Exterior Features

  • View: Lake
  • Exterior Features: Barbeque, Open Balcony, Other
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Blue Lagon Condo
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Washer/Dryer Hook-Up
  • Security: Guard At Site

Condo/Co-op/Association

  • Association Fee: 565
  • Amenities: Barbecue, Boat Dock, Business Center, Child Play Area, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-31-31-032-2090
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4350

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2024
Closed on
Dec 16, 2024
Sold by
Gonzalez Eduardo R
Bought by
Portillo Anthony
Seller's Agent
Lucia Santiago
Florida Capital Realty
Buyer's Agent
Lucia Santiago
Florida Capital Realty
List Price
$399,000
Sold Price
$370,000
Premium/Discount to List
-$29,000
-7.27%
Views
5
Current Estimated Value
$367,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,702
Avg. Annual Appreciation
-2.18%

Purchase Details

Closed on
Jan 12, 2023
Sold by
Blue Lagoon 3702 Llc
Bought by
Gonzalez Eduardo R

Purchase Details

Closed on
May 12, 2022
Sold by
5077 Investment Llc
Bought by
Diaz Armando R Gonzalez

Purchase Details

Closed on
Jan 31, 2022
Sold by
Goncalves Sanchez Manuel Faustino and Goncalves Yorl
Bought by
Blue Lagoon 3702 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.56%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 31, 2021
Sold by
Goncalves Sanchez Roberto Augustin
Bought by
Sanchez Manuel Faustino Gon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.56%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 11, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Sanchez Roberto Agustin Goncalves

Purchase Details

Closed on
May 18, 2010
Sold by
Cicero Robert E
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Dec 30, 2005
Sold by
Blue Lagoon Palace Inc
Bought by
Cicero Robert F and Cicero Melinda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,450
Interest Rate
7.99%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $370,000 None Listed On Document
Warranty Deed $370,000 None Listed On Document
Warranty Deed $340,000 --
Quit Claim Deed -- Alayon & Associates Pa
Quit Claim Deed -- Alayon & Associates Pa
Quit Claim Deed -- Alayon & Associates Pa
Corporate Deed $105,000 Genesis Title Company
Trustee Deed $40,100 None Available
Special Warranty Deed $417,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $170,000 Construction
Previous Owner $90,000 Balloon
Previous Owner $354,450 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2024 12/12/24 Sold $370,000 -7.3% $405 / Sq Ft
12/09/2024 12/09/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $399,000 -- $437 / Sq Ft
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 $4,350 $290,528 -- --
2024 $5,332 $290,528 -- --
2023 $5,332 $259,400 $0 $0
2022 $4,457 $216,200 $0 $0
2021 $3,732 $169,578 $0 $0
2020 $3,412 $172,200 $0 $0
2019 $3,221 $172,200 $0 $0
2018 $2,915 $164,000 $0 $0
2017 $2,791 $115,826 $0 $0
2016 $2,728 $105,297 $0 $0
2015 $2,474 $95,725 $0 $0
2014 $2,351 $87,023 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11698995

MIAMI REALTORS® MLS

APN: 01-3131-032-2090