Single Family Residence
5900 NE 5th Ave
5900 NE 5th Ave, Miami FL 33137 Get directions
$2,100,000
4 Beds · 3 Baths · 5,180 SqFt
See estimated monthly costThis listing is courtesy of Beachfront Realty Inc. Donn Dutton
Overview
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.
Facts & features
Interior
- Living area (sq ft)
- 5,180
- Full bathrooms
- 3
- Furnished
- Unfurnished
- First Floor Entry
- Bar
- Closet Cabinetry
- Entrance Foyer
- French Doors
- Other
- Skylight
- Walk-In Closet(s)
- Wet Bar
- Atrium
- Den/Library/Office
- Florida Room
- Recreation Room
- Workshop
Building & exterior
- Year built
- 1925
- Lot size (sq ft)
- 21,252
- Garage spaces
- 4
- Covered spaces
- 4
- Garden
- Pool
- Covered
- Driveway
- Other
HOA (homeowners association)
- Pets allowed
- Yes
- No Restrictions
Taxes
- Annual tax
- $25,320
- Tax year
- 2025
- Parcel number
- 01-32-18-032-0140
Listing
- MLS number
- A11855344
- Property type
- Single Family Residence
- Price per SqFt
- $405
- Subdivision
- BAYSHORE AMD
- On market since
- Aug 8, 2025
- Days on market
- 351
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 8, 2025 | Listed | $2,999,000 | — |
| Aug 31, 2026 | Price change | $2,100,000 | −$300,000 (−12.5%) |
Milestones recorded on this listing. Not a complete MLS price history.
Estimated monthly cost
$14,304 per month
- Principal & interest (30 yr)
- $10,619
- Property tax
- $2,110
- Insurance (estimated)
- $1,575
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- The Cushman School
- Morningside K-8 Center
- Toussaint L''ouverture Elementary
- Morningside Montessori School
- iTech@Thomas A. Edison Education Center
- MDCPS Police Center
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