5900 NE 5th Ave, Miami FL 33137

For sale Days on market 214

BAYSHORE AMD [ Single Family Residence ]

$2,499,000

$482/sq ft

$500,000
Price Decreased

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Overview

Bedroom

Bath

Year Built

1925

Garage

Sqft

5180

Property Type

Single Family Residence

Property Description

HUGE PRICE DROP! ENORMOUS OPPORTUNITY FOR THE RIGHT BUYER!! Motivated seller of this assemblage of Bayshore lots; price just reduced. Three lots, totaling ½ 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.

Property Details

MLS#

A11855344

Garage

Building

BAYSHORE AMD

Address

5900 5th Ave NE

City

Miami

State/county

Zip/Postal Code

33137

Area

Bayshore Amd

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$22,471

Maint Fee

$--

Tax Year

2024

Dishwasher

Disposal

Dryer

Electric Water Heater

Ice Maker

Microwave

Gas Range

Refrigerator

Washer

Garden

Pool

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