About This Home
This 3-bedroom, 3-bathroom single family at 5900 NE 5th Ave in Miami, FL is listed for $2,400,000 ($463 per sqft). Built in 1925, the home offers 5,180 sqft of living space on a 0.49 acres lot.
Key Features
- Built in 1925
- 0.49 acre lot
- Fireplace
Property Details
Amenities
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 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.
Monthly Cost Estimate
$12,836/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5900 NE 5th Ave
Miami, FL 33137
BAYSHORE AMD
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 3-bathroom single family at 5900 NE 5th Ave is listed at $2,400,000 ($463/sqft). The estimated monthly payment is $12,836 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1925, 0.49 acre lot, Fireplace. Interior Features: Wet Bar, Bathtub, Closet Cabinetry. Exterior Features: Enclosed Porch, Porch, Patio.
This property is listed by Donn Dutton and can be reached at 3054959411.
