NOT LISTED FOR SALE

5900 NE 5th Ave Miami, FL 33137

Upper East Side South Neighborhood

Estimated Value: $2,375,000 - $2,959,555

3 Beds
3 Baths
5,180 Sq Ft
$494/Sq Ft Est. Value

About This Home

HUGE PRICE DROP! ENORMOUS OPPORTUNITY FOR THE RIGHT BUYER!! Motivated seller of this assemblage of Bayshore lots; price just reduced. Three lots, totaling 1⁄2 an acre, on the corner of 59th St. & 5th Ave in rapidly changing BayShore. On site is a 100-year-old home spanning 5409 sf. New kitchen & appliances & bathroom. A grand home w/ richly appointed generous rooms. Owned by a prominent Miami family for over 75 years. Presently zoned as single family residential, the property is surrounded by single & multi-family and commercially zoned lots. City has signaled willingness to relax use restrictions. Just off Biscayne, this area is undergoing dynamic changes. Nearby listing of property one half this size presently listed for nearly $7M. Property could become a stand out stunning estate home in the center of it all, or be the site of high end multi-unit residential development. The potential here is unrivaled... Seller is motivated. Contact Agent. See property. Make an offer.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2011
Sold by
Jacobsen Do Kim Kristine and Carraway Cpa James A
Bought by
Jacobsen Kim Kristine
Current Estimated Value
$2,560,389

Purchase Details

Closed on
May 21, 2002
Sold by
Rodney T Jacobsen I
Bought by
Jacobsen Rodney 20 T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jacobsen Kim Kristine -- Attorney
Jacobsen Rodney 20 T -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2025 12/15/25 Price Changed $2,499,000 -13.7% $482 / Sq Ft
11/30/2025 11/30/25 Price Changed $2,895,000 -3.3% $559 / Sq Ft
10/08/2025 10/08/25 Price Changed $2,995,000 -0.1% $578 / Sq Ft
08/08/2025 08/08/25 For Sale $2,999,000 -- $579 / Sq Ft

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 $22,036 $780,718 -- --
2024 $23,407 $709,744 -- --
2023 $23,407 $645,222 $0 $0
2022 $17,636 $586,566 $0 $0
2021 $16,600 $533,242 $0 $0
2020 $14,001 $1,020,325 $818,202 $202,123
2019 $12,926 $946,205 $743,820 $202,385
2018 $12,489 $1,017,023 $813,952 $203,071
2017 $10,757 $336,571 $0 $0
2016 $9,940 $305,974 $0 $0
2015 $9,295 $278,159 $0 $0
2014 $6,777 $252,872 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2025

    Donn Dutton

    Beachfront Realty Inc

    (305) 405-0615

    4 Total Sales

    Donn Dutton
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Map

Florida Miami/Dade County Miami 33137 Upper East Side South

5900 NE 5th Ave, Miami, FL

Not Listed for Sale

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