$2,400,000322 days on marketActive

5900 NE 5th Avenue, Miami, FL 33137

Miami, FL 33137

Beds

2.5

Baths

5,180

Sq Ft

$463

$/Sq Ft

1925

Year Built

4 car

Garage

0.49 acres

Lot Size

Listing Snapshot

List Price	$2,400,000
Price / Sq Ft	$463
Beds	3
Baths	2.5
Living Area	5,180 sqft
Lot Size	0.49 acres

Year Built	1925
Property Tax	$22,471/yr
MLS #	1129089873
Status	Active
Days on Market	322

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 ½ an acre, on the corner of 59th St. & 5th Ave in rapidly changing Palm Grove. 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 80 years. Presently zoned as single family residential, the property is surrounded by single & multi-family and commercially-zoned properties. This home is in the Palm Grove Historic District, and given its age is likely to be deemed "contributing" to the historic ambience of the community. So Seller is looking for that buyer who is willing and able to bring this home back to its former grandeur. Plenty of room to add on to the original core home, whilst preserving the original structure. This is probably the largest single family lot in all of Palm Grove, and is surrounded by an imposing wall. Inside are quiet courtyards under towering trees. Just off Biscayne, this area is undergoing dynamic changes. A nearby property one half this size recently sold for over $6M. Property could become a stand out stunning estate home in the center of it all -- for the right buyer. The potential here is unrivaled... Seller is very motivated. Contact Agent. See property. Make an offer.

General Features

Property Type: Residential
Sub-type: SingleFamilyResidence
Stories: 1
Direction Faces: Southeast
Garage Spaces: 4
Parking: Driveway,Garage,GarageDoorOpener
Zoning: 0104
Security: SecuritySystem
Utilities: UndergroundUtilities
Subdivision: BAYSHORE AMD

Interior Features

Appliances: Dryer,Dishwasher,ElectricWaterHeater,Disposal,GasRange,IceMaker,Microwave,Refrigerator,Washer
Flooring: Tile,Wood
Heating: Central,Electric
Cooling: CentralAir,CeilingFans
Interior Features: WetBar,Bathtub,ClosetCabinetry,DiningArea,SeparateFormalDiningRoom,EntranceFoyer,MainLevelPrimary,Other,SittingAreaInPrimary,SoakingTub,SeparateShower,Bar,WalkInClosets
Laundry: WasherHookup,DryerHookup
Window Features: Skylights
Furnished: Unfurnished