Discover a rare gem on Miami's prestigious Biscayne Boulevard – over 38,000 square feet of prime investment land. This trophy location offers limitless possibilities, from commercial ventures to upscale residential developments. With its coveted address and unbeatable visibility, seize the opportunity to shape the future of Miami's skyline and leave an enduring mark on this dynamic city. 5501-5445 Biscayne Blvd is zoned T4-O, Retail, Residential, Short-term rental, office, or other mixed uses in the MIMO District of Miami's Upper East Side.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$36.2K
Per Month
Principal & Interest
$36.1K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$21.8K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Toussaint L'Ouverture Elementary School
120 NE 59th St
Distance between this listing and this school0.47 miles
Public District Grades PK-5
6
/10
Morningside K-8 Academy
6620 NE 5th Ave
Distance between this listing and this school0.65 miles
Public Magnet Grades PK-5
7
/10
Shadowlawn Elementary School
149 NW 49th St
Distance between this listing and this school0.87 miles
Public District Grades PK-5
Nearby Schools
2
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school1.84 miles
Public District Grades 6-8
7
/10
Mater Academy Middle School of International Studies
795 NW 32nd St
Distance between this listing and this school2.02 miles
Public Charter Grades 6-9
3
/10
Georgia Jones-Ayers Middle School
1331 NW 46th St
Distance between this listing and this school2.11 miles
Public District Grades 6-8
Nearby Schools
7
/10
Itech@Thomas a Edison Educational Center
6101 NW 2nd Ave
Distance between this listing and this school0.89 miles
Public Magnet Grades 9-12
10
/10
Design & Architecture Senior High School
4001 NE 2nd Ave
Distance between this listing and this school0.97 miles
Public Magnet Grades 9-12
3
/10
Miami Edison Senior High School
6161 NW 5th Ct
Distance between this listing and this school1.17 miles
The neighbors living near this home have an average income of $76,500. Residents of Miami, FL typically earn between $100k-200k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5501 Biscayne Blvd
What is the listing price of this property?
The listing price of 5501 Biscayne Blvd property is $7,250,000.
What type of property is this?
The property 5501 Biscayne Blvd is land located in Miami, Florida, 33137.
Is this property for sale now?
Active Listing: 5501 Biscayne Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $35,142 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 5501 Biscayne Blvd in Miami, FL and zip code 33137 in the Morningside / Bay Shore neighborhood. This home sits on a 0.89 acre lot. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $7,250,000.
While more than 38 listings in Miami, FL in November 2024 were sold above asking price, there were more than 112 listings sold at asking price, and more than 445 were sold below. Between October 2024 and November 2024, Miami, FL real estate market has seen increase in the number of listings by 6.7%. In November 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $565,671.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. This property is offered without respect to any protected classes in accordance with the law.
Tennis
Tennis
Hiking/backpacking
Live Theatre
Crate & Barrel
Bloomingdales
Banana Republic
Starbucks
Boston Market
Jack In The Box
BMW
Audi
Mercedes
News
Alternative
Jazz