Home in 5900 NE 5th Avenue, Miami, FL 33137 for sale with MLS# A11855344

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.

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Days on the market

5900 NE 5th Avenue, Miami, FL 33137

Price
Price:
$2,100,000.00
Original List Price:
$2,999,000.00
List Price per Sq Ft (Calculated, Approx.):
$405.4
Property Status and Type
Listing Type:
For Sale
Status:
Active
Contingency:
Active Under Contract
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
Back On Market
Last Major Update on:
October 22, 2026 2:48 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
4
Bathrooms Total:
3
Full Bath:
3
Half Bath:
1
Room Type:
Florida Room, Den, Game Room, Workshop, Atrium
Master Bedroom Bath:
Master Bdrm - Sitting, Separate Shower, Master Bdrm - Ground, Separate Tub
Dining Area:
Formal Dining
Measures
Living Area:
5,180 Sqft
Built-Up Area:
5,409 Sqft
Lot Area:
21,252 Sqft
Lot Size Dimensions and Info:
1/2 acre
Lot Size Unit:
Square Feet
Lot Size Acres:
0.49
Property Features
View from the Property:
Pool, Garden
Waterfront:
No
Private Pool
Swimming Pool Features:
Concrete, In Ground, Equipment Included
Security:
Security System
Furnished:
Unfurnished
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Gas Range, Electric Water Heater, Ice Maker
Interior:
Walk-In Closet(s), Closet Cabinetry, Entrance Foyer, Bar, Other, Wet Bar
Patio and Porch:
Patio, Porch, Porch - Open, Porch - Screened
Windows:
Skylight(s), Skylight(s)
Laundry:
Washer Hookup, Dryer Hookup
Doors:
French Doors
Fireplace
Air Conditioning
Air Conditioning System:
Central Air, Ceiling Fan(s), Paddle Fan(s)
Heating
Heating System:
Central, Electric
Property Entrance Faces:
Southeast
Storm Protection Accordian Shutters:
Partial
Construction
Year Built:
1925
Roof:
Barrel, Flat
Levels:
One
Entry Level (floor):
1
Entry Level Location:
11
Construction Materials:
Other, Brick Veneer, Concrete Block - No Stucco
Flooring:
Tile, Wood
Number of stories:
1
Stories:
16
Flood Zone Code:
X
Taxes and Expenses
Tax Annual Amount:
$25,320.00
Tax Year:
2025
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage
Garage Spaces:
4
Covered Spaces:
4
Parking Features:
Driveway, Garage Door Opener, Covered
Utilities
Sewer:
Public Sewer
Electric:
Fuses, Circuit Breakers
Utilities Available:
Underground Utilities
Water Source:
Public
Community
Association Membership:
Voluntary
Pets Allowed?
Amenities Provided by the Homeowner's Association (HOA):
Sidewalks, Workshop area
Subdivision Name:
BAYSHORE AMD
Senior Community:
No
Restrictions:
No Restrictions
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Negotiable
Zoning and Legal
Tax Legal Description:
BAYSHORE AMD PB 15-2 LOTS 18 19 & 20 BLK 2 LOT SIZE 21252 SQUARE FEET OR 20408-3803 05 2002 5
Real Estate Folio Number (Parcel Number):
0132180320140
Zoning:
0104
Public Schools Assigned
Elementary School:
Morningside K-8 Academy (miami-dade)
High School:
Miami Edison
Middle Or Junior School:
Horace Mann
Listing History
Active on the market since:
October 22, 2026
Listing Agreement executed on:
August 8, 2025
Purchase Contract Date:
August 13, 2026
Price change occurred on:
August 31, 2026 3:26 pm
Listing Status Last Changed On:
October 22, 2026 2:48 pm
Photos updated on:
October 3, 2026 8:35 pm
Last Modified:
October 22, 2026 1:52 pm
Additional Information
Courtesy of:
Beachfront Realty Inc
Attribution:
Not provided
Location
Street Name:
5th
Street Number:
5900
City:
Miami
State:
Florida
Zip Code:
33137
County:
Miami-Dade
Latitude:
N25° 49' 49.2''
Longitude:
W81° 48' 50''
Street Suffix:
Avenue
Street Direction Prefix:
NE
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $82,798
Median Home Value $532,900
Median Rent $2,338/mo
Median Age 34
Population 27,300
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.