$199,000

5501 NW 7th St Unit E412 Miami, FL 33126

Flagami Neighborhood

Estimated payment $1,659/month

Total Views 1,156
1 Bed
1 Bath
662 Sq Ft
$301 Price per Sq Ft

Highlights

  • Lake Front
  • Bathtub
  • Courtyard
  • Community Pool
  • Walk-In Closet
  • Card or Code Access

About This Home

Excellent investment opportunity in the heart of Miami! Beautiful 4th-floor condo located in the desirable El Lago Condominium community. This unit offers a convenient layout with plenty of natural light and a prime location just minutes from Miami International Airport, major highways, shopping centers, restaurants, and entertainment. Enjoy peaceful lake views and easy access to everything Miami has to offer. Ideal for homeowners or investors. Great central location with strong rental potential. Don’t miss this opportunity!

Listing Agent

Idania Brizuela

Real Estate Direct of S. Fla License #3123811 Listed on: 05/12/2026

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,158

Year Built

  • Built in 1972

Lot Details

  • Lake Front
  • Fenced

HOA Fees

  • $318 Monthly HOA Fees

Home Design

  • Garden Apartment
  • Entry on the 4th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 662 Sq Ft Home
  • 4-Story Property
  • Ceramic Tile Flooring
  • Lake Views
  • Video Cameras

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub

Parking

  • 1 Car Parking Space
  • Guest Parking

Outdoor Features

  • Courtyard
  • Exterior Lighting

Schools

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-31-31-024-0960

Community Details

Overview

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

Amenities

  • Secure Lobby

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Card or Code Access
  • Secure Elevator
  • Complex Is Fenced
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,158

Year Built

Built in 1972

Lot Details

0 Sq Ft Lot

HOA Fees

$318 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • Property Sub Type: Condominium
  • Architectural Style: Garden Apartment
  • Entry Level: 4
  • Garage Yn: No
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 1-4 Stories, Condo
  • Subdivision Name: EL LAGO CONDO
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 199000
  • InternetRemarks: Excellent investment opportunity in the heart of Miami! Beautiful 4th-floor condo located in the desirable El Lago Condominium community.
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Microwave, Electric Range, Refrigerator
  • Interior Amenities: Walk-In Closet(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor, Tile
  • Living Area: 662
  • Stories: 4
  • Bedroom Features: Entry Level, Primary Bath Tub

Exterior Features

  • View: Lake
  • Exterior Features: Courtyard
  • Construction Type: Concrete Block Construction, CBS Construction
  • Fencing: Fenced
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Park Building Name: EL LAGO CONDO
  • Parking Features: 1 Space, Guest

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Complex Fenced, Elevator Secure, Card Entry, Fire Alarm, Lobby Secured, TV Camera

Condo/Co-op/Association

  • Association Fee: 318
  • Amenities: Elevator(s), Exterior Lighting, Pool
  • 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: 01-31-31-024-0960

Rental Info

  • Pets Allowed: Maximum 20 Lbs

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 3158

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,318 $158,000 -- --
2024 $517 $165,600 -- --
2023 $517 $50,458 $0 $0
2022 $495 $48,989 $0 $0
2021 $479 $47,563 $0 $0
2020 $467 $46,907 $0 $0
2019 $445 $45,853 $0 $0
2018 $419 $44,999 $0 $0
2017 $404 $44,074 $0 $0
2016 $397 $43,168 $0 $0
2015 $397 $42,868 $0 $0
2014 $398 $42,528 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2026 05/12/26 For Sale $199,000 +10.6% $301 / Sq Ft
12/07/2023 12/07/23 Sold $180,000 -10.0% $272 / Sq Ft View Prior Sale
11/13/2023 11/13/23 Pending -- -- --
11/09/2023 11/09/23 For Sale $200,000 -- $302 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $180,000 Gables Title
Warranty Deed $180,000 Gables Title
Quit Claim Deed -- Fidelis Law Pa
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Statewide Title Corp
Warranty Deed $66,500 --
Quit Claim Deed $100 --
Deed $50,000 --
Warranty Deed $45,000 --
Quit Claim Deed -- --
Warranty Deed $33,300 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $94,500 New Conventional
Previous Owner $37,000 No Value Available
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A12017589

MIAMI REALTORS® MLS

APN: 01-3131-024-0960

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