$265,000

5501 NW 7th St Unit E207 Miami, FL 33126

Flagami Neighborhood

Estimated payment $1,965/month

Total Views 4,023
2 Beds
2 Baths
888 Sq Ft
$298 Price per Sq Ft

Highlights

  • Home fronts a lagoon or estuary
  • Tile Flooring
  • 2 Car Garage
  • Lagoon View
  • Central Heating and Cooling System
  • Dogs Allowed

About This Home

MUST SEE! Beautiful and spacious 2-bedroom, 2-bathroom condo with stunning lake views, located on the first floor. This well-maintained unit features an open kitchen, updated bathrooms, impact windows, washer and dryer inside the unit, and a large balcony overlooking the lake. The master bedroom includes a walk-in closet. Located in a gated community with security cameras, pool, elevators, and laundry rooms on every floor. Prime location minutes from Miami International Airport, major highways, shopping, and restaurants. Excellent opportunity for investors or first-time buyers—schedule your showing today!

Listing Agent

Eduardo Otero

Great Miami Realty Group, LLC License #3392749 Listed on: 01/26/2026

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,159

Year Built

  • Built in 1972

HOA Fees

  • $406 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Entry on the 2nd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 888 Sq Ft Home
  • 4-Story Property
  • Tile Flooring
  • Lagoon Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Flagler; Henry M. Elementary School
  • Kinlock Park Middle School
  • South Miami High School

Additional Features

  • Accessible Elevator Installed
  • Home fronts a lagoon or estuary
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-31-31-024-0540

Community Details

Overview

  • Low-Rise Condominium
  • El Lago Condo
  • El Lago Condo Subdivision

Pet Policy

  • Dogs Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,159

Year Built

Built in 1972

Lot Details

0 Sq Ft Lot

HOA Fees

$406 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • Property Sub Type: Condominium
  • Entry Level: 2
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: EL LAGO CONDO
  • Year Built Details: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 265000
  • InternetRemarks: 2BR/2BA first-floor condo with lake view, open kitchen, updated baths, impact windows and balcony. Gated community, excellent location.
  • ShowingTimeFlag: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator
  • Interior Amenities: Elevator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 888
  • Other Equipment: No Equipment
  • Stories: 4
  • Bedroom Features: None

Exterior Features

  • View: Lagoon
  • Exterior Features: None, Other
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lagoon
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: EL LAGO CONDO
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Additional Spaces Available, Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: No Security

Condo/Co-op/Association

  • Association Fee: 406
  • Amenities: None
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Schools

  • Elementary School: Flagler; Henry M.
  • High School: South Miami
  • Middle Or Junior School: Kinlock Park

Lot Info

  • Parcel Number: 01-31-31-024-0540

Rental Info

  • Pets Allowed: Dogs OK

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 2159

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $2,088 -- -- --
2024 $2,053 $145,968 -- --
2023 $2,053 $141,717 $0 $0
2022 $1,970 $137,590 $0 $0
2021 $2,682 $126,229 $0 $0
2020 $2,329 $126,229 $0 $0
2019 $2,122 $114,754 $0 $0
2018 $1,957 $114,754 $0 $0
2017 $1,878 $75,780 $0 $0
2016 $1,682 $68,891 $0 $0
2015 $1,423 $62,629 $0 $0
2014 $1,353 $56,936 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2026 01/26/26 For Sale $265,000 +44.0% $298 / Sq Ft
08/07/2020 08/07/20 Sold $184,000 -2.6% $207 / Sq Ft View Prior Sale
06/01/2020 06/01/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $189,000 -- $213 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $184,000 Tropics Title Services Inc
Warranty Deed $66,000 --
Warranty Deed $49,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $64,000 Stand Alone Second
Previous Owner $64,500 FHA
Previous Owner $48,350 FHA
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11952591

MIAMI REALTORS® MLS

APN: 01-3131-024-0540

Florida Miami/Dade County Miami 33126 Flagami

5501 NW 7th St Unit E207, Miami, FL

For Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Eduardo Otero
Listing Agent
Eduardo Otero
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Great Miami Realty Group, LLC
(786) 788-8045
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