$275,000
UNDER CONTRACT $14K PRICE DROP

5501 NW 7th St Unit E408 Miami, FL 33126

Flagami Neighborhood

Estimated payment $2,266/month

Total Views 6,776
2 Beds
2 Baths
991 Sq Ft
$277 Price per Sq Ft

Highlights

  • Lake Front
  • Breakfast Area or Nook
  • Walk-In Closet
  • Community Pool
  • Balcony
  • Card or Code Access

About This Home

Stunningly remodeled 2 bedroom/2bathroom apartment with lake view located in the heart of Miami. Don't miss this opportunity to own this spacious unit that features a grand living area with a stunning lake view and new flooring. The kitchen in this unit features new stainless appliances, granite countertops, and a breakfast area. Both the Master bedroom and other room boast a spacious area, while the Master has a walking closet and a private bathroom that has been fully remodeled. Overall, a stellar unit with new everything located in a great community minutes away from Miami International Airport, Little Havana, Coral Gables, Downtown, and just about anywhere in Miami's vibrant community

Listing Agent

Arnaldo Vallin

Miami Capital Realty Group License #3261168 Listed on: 06/09/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,125

Year Built

  • Built in 1972

HOA Fees

  • $457 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 991 Sq Ft Home
  • 4-Story Property
  • Sliding Windows
  • Lake Views
  • Video Cameras

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Parking

  • 1 Car Parking Space
  • Guest Parking

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • Lake Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-31-31-024-0640

Community Details

Overview

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

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Card or Code Access
  • Complex Is Fenced

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,125

Year Built

Built in 1972

Lot Details

0

HOA Fees

$457 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Directions: Please use google maps.
  • Entry Level: 4
  • Garage Yn: No
  • 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
  • Special Features: 4224

Interior Features

  • Appliances: Microwave, Electric Range, Refrigerator
  • Interior Amenities: Elevator, Walk-In Closet(s)
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile, Vinyl
  • Living Area: 991
  • Stories: 4
  • Window Features: Sliding
  • Bedroom Features: Entry Level
  • Dining Room Features: Breakfast Area, Eat-In Kitchen
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Lake
  • Exterior Features: Open Balcony
  • Construction Type: Concrete Block Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: EL LAGO CONDO
  • Parking Features: 1 Space, Guest

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central
  • Heating Yn: Yes
  • Security: Complex Fenced, Card Entry, TV Camera

Condo/Co-op/Association

  • Association Fee: 457
  • Amenities: Laundry, Elevator(s), Pool
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-31-31-024-0640

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4125

Map

Range of Values:

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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 $4,125 $207,000 -- --
2024 $3,228 $205,901 -- --
2023 $3,228 $141,612 $0 $0
2022 $2,897 $128,739 $0 $0
2021 $2,732 $117,036 $0 $0
2020 $2,591 $151,995 $0 $0
2019 $2,361 $138,177 $0 $0
2018 $242 $58,640 $0 $0
2017 $243 $57,434 $0 $0
2016 $246 $56,253 $0 $0
2015 $253 $55,862 $0 $0
2014 $261 $55,419 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Price Changed $275,000 -4.8% $277 / Sq Ft
06/09/2025 06/09/25 For Sale $289,000 0.0% $292 / Sq Ft
02/12/2024 02/12/24 Rented $2,500 0.0% --
02/06/2024 02/06/24 Under Contract -- -- --
12/12/2023 12/12/23 For Rent $2,500 -- --
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $202,100 --
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $35,000 Credit Line Revolving
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11819019

MIAMI REALTORS® MLS

APN: 01-3131-024-0640

Florida Miami/Dade County Miami 33126 Flagami

5501 NW 7th St Unit E408, Miami, FL

This home is located at 5501 NW 7th St Unit E408, Miami, FL 33126 and is currently priced at $275,000, approximately $277 per square foot. This property was built in 1972. 5501 NW 7th St Unit E408 is a home located in Miami-Dade County with nearby schools including Henry M. Flagler Elementary School, Kinloch Park Middle School, and South Miami Senior High School.

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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Listing Agent
Arnaldo Vallin
Section Image
Miami Capital Realty Group
(786) 686-2326