Condo in 5505 NW 7th Street W301, Miami, FL 33126 for sale with MLS# F10555531
Investors Dream. Prime location Real Estate investment, right next to Miami International Airport and the Blue Lagoon office park. This bright and spacious 2/2 corner unit, is located in the highly desirable El Lago waterfront community. Already Rented for $2,300 per month, on a Month-to-Month basis. HOA is $455.35 per month, with No upcoming special Assessments for your peace of mind. New owners are allowed to Rent right away. The unit has been meticulously maintained, and it is 100% ready for its new owner to Close, sit back and immediately begin to collect Rent. This property is one of 6 in a very attractive portfolio, if you'd like more information, please contact us to schedule a Showing right away.
5505 NW 7th Street W301, Miami, FL 33126
Price
- Price:
- $230,000.00
- Original List Price:
- $245,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $287.56
- More Listings Same Building:
- El Lago in 5505 7th St Miami
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active Under Contract (An offer has been accepted, considering Backup Offers)
- Contingency:
- Active Under Contract
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- April 17, 2026 7:21 pm
- Other Special Conditions:
- Sold As-is
Rooms Distribution
- Bedrooms:
- 2
- Bathrooms Total:
- 2
- Full Bath:
- 2
Measures
- Living Area:
- 852 Sqft
Property Features
- View from the Property:
- Other
- Waterfront:
- No
- Security:
- Smoke Detector(s), Security Fence
- Appliances:
- Dryer, Microwave, Refrigerator, Washer, Trash Compactor, Electric Range
- Interior:
- Walk-In Closet(s), Built-in Features
- Exterior:
- Balcony
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Fence:
- Fenced
- Unit Description:
- Corner/end Unit
- Balcony Details:
- Balcony - Open
Construction
- Year Built:
- 1972
- Levels:
- Two
- Construction Materials:
- CBS
- Flooring:
- Ceramic Tile
- Number of stories:
- 4
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $3,469.00
- Tax Year:
- 2026
- Association Fee:
- $455.00
- Association Fee Frequency:
- Monthly
- Association Fee 2nd HOA:
- $455.00
- Property Tax Details:
- Tax Reflects No Exemptions
Parking
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
Community
- Association
- Application Required
- Application Fee:
- $150.00
- Application Information:
- 3-4 Weeks Approval
- Pets Allowed?:
- Size Limit (There are size restrictions on allowed pets), Yes, No Dogs
- Lease Number Times per Year Allowed:
- 1
- Amenities Provided by the Homeowner's Association (HOA):
- Pool, Maintenance
- Subdivision Name:
- El Lago Condo
- Senior Community:
- No
- Development Name:
- El Lago Condominiums
- Restrictions:
- Other Restrictions, Lease Ok
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable
Zoning and Legal
- Tax Legal Description:
- EL LAGO CONDO UNIT W301 UNDIV .00809% INT IN COMMON ELEMENTS OFF REC 11202-2092 OR 11993-2352 1283 1
- Real Estate Folio Number (Parcel Number):
- 01-31-31-024-0030
Public Schools Assigned
- Elementary School:
- Forest City Elementary
- High School:
- South Miami
- Middle Or Junior School:
- Kinloch Park
Listing History
- Active on the market since:
- March 1, 2026
- Listing Agreement executed on:
- March 1, 2026
- Purchase Contract Date:
- April 17, 2026
- Price change occurred on:
- April 1, 2026 9:08 pm
- Listing Status Last Changed On:
- April 17, 2026 7:21 pm
- Photos updated on:
- March 2, 2026 1:08 am
- Last Modified:
- April 17, 2026 7:22 pm
Additional Information
- Courtesy of:
- La Rosa Realty Beaches LLC
- Attribution:
- Not provided
Location
- Street Name:
- 7th
- Street Number:
- 5505
- Unit Number:
- W301
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33126
- County:
- Miami-Dade
- Latitude:
- N25° 46' 43.1''
- Longitude:
- W81° 42' 55.6''
- Street Suffix:
- Street
- Street Direction Prefix:
- NW
Property Map
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$55,722
Median Home Value
$299,800
Median Rent
$1,651/mo
Median Age
46
Population
47,038
Air Quality
Source: AirNow.gov · Miami
🌬️ Air Quality Index (AQI)
50
Good
☀️ O3
50
Good
🫁 PM2.5
50
Good
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