$1,099,000
PENDING $121K PRICE DROP

5701 SW 50th Terrace Miami, FL 33155

Estimated payment $6,420/month

Total Views 13,624
4 Beds
3 Baths
2,174 Sq Ft
$506 Price per Sq Ft

Highlights

  • Cottage Room
  • Maid or Guest Quarters
  • Corner Lot
  • David Fairchild Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

Back on the market! In sought-after Biltmore Heights just blocks from the University of Miami, this 1517 s/f 3 bedroom 2 bath tropically-landscaped home is nestled on a 10,000 s/f corner lot. A separate adorable 600 s/f 1 bedroom 1 bath cottage enjoys a new kitchen, updated bath and private deck. The main home has original accents and some key updates, awaiting your beautiful vision. This rare legal multifamily enjoys a central, tree-canopied, neighborhood that feels like surrounding Coral Gables/South Miami but enjoys lower taxes and regulation. The flex-use layout offers many possibilities and the large lot is ideal for creating a luxurious dream space. Come see the potential of this beautiful home and/or strategic investment near “The U.” The photos don't do it justice.

Listing Agent

Jonathan Minerick

HomeCoin.com License #3477996 Listed on: 02/20/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,734

Year Built

  • Built in 1950

Lot Details

  • 10,000 Sq Ft Lot
  • South Facing Home
  • Corner Lot
  • Property is zoned 0100

Home Design

  • Elevated Home
  • Studio
  • Shingle Roof

Interior Spaces

  • 2,174 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Decorative Fireplace
  • Property Views

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Clear Impact Glass
  • High Impact Door

Outdoor Features

  • Patio
  • Cottage Room
  • Shed

Schools

  • Fairchild; David Elementary School
  • South Miami Middle School
  • South Miami High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Biltmore Heights Red Rd A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30-40-24-020-0010

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,734

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1950
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, One Story
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: BILTMORE HEIGHTS RED RD A
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Electric Range, Washer
  • Interior Amenities: Cottage, Maid/In-Law Quarters, Studio Apartment
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: High Impact Doors
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Living Area: 2174
  • Window Features: Clear Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Living Room Features: Cottage, Maid/In-Law Quarters, Studio Apartment

Exterior Features

  • Roof: Shingle
  • View: Other
  • Construction Type: Concrete Block Construction, Elevated Construction
  • Direction Faces: South
  • Lot Features: Corner Lot
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: BILTMORE HEIGHTS RED RD A
  • Parking Features: Other

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Schools

  • Elementary School: Fairchild; David
  • High School: South Miami
  • Middle Or Junior School: South Miami

Lot Info

  • Parcel Number: 30-40-24-020-0010
  • Lot Size Sq Ft: 10000
  • Zoning: 0100

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5734

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 $5,973 $319,431 -- --
2024 $5,549 $310,429 -- --
2023 $5,549 $301,388 $0 $0
2022 $5,318 $292,610 $0 $0
2021 $5,265 $284,088 $0 $0
2020 $5,210 $280,166 $0 $0
2019 $5,036 $269,656 $0 $0
2018 $4,802 $264,629 $0 $0
2017 $4,766 $259,187 $0 $0
2016 $4,708 $253,857 $0 $0
2015 $4,758 $252,093 $0 $0
2014 -- $250,093 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Pending -- -- --
05/02/2025 05/02/25 Price Changed $1,099,000 -1.9% $506 / Sq Ft
03/15/2025 03/15/25 Price Changed $1,120,000 -8.2% $515 / Sq Ft
02/20/2025 02/20/25 For Sale $1,220,000 -- $561 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $250,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $150,000 Fannie Mae Freddie Mac
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11748227

MIAMI REALTORS® MLS

APN: 30-4024-020-0010