6 months on rocket

5501 Biscayne Blvd, Miami, FL, 33137

$7,250,000

0.89 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
MLS #A11585333
Lot Size0.89 Acres
StatusActive

About 5501 Biscayne Blvd

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.

Property Details

Property Features

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (305) 851-2820
  • Listing Agent: Alan Chocron

Virtual/3D Tour

  • Virtual Tour: 5501 Biscayne Blvd
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Lot Features

Lot Information:

  • Lot: Oversized Lot
  • Lot Size: 0.89 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $7,250,000

Tax Information:

  • Annual Amount: $35,142
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

5501 Biscayne Blvd vs Miami

193 DAYS ON ROCKET

+133 Days

$7,250,000

+$6.6M More

KEY TAKEAWAY

This property is $6.6M more than the Median Sold Price in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11585333

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (305) 851-2820
  • Listing Agent: Alan Chocron

IDX © 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$35,142$1,650,000
2018$34,559$1,650,000
2017$34,954$1,650,000

History based on county public records data.

Payment Calculator

$36.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$21.8K

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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.

Nearby Schools

school-card-donut-674748
7
/10
  • Toussaint L'Ouverture Elementary School

  • 120 NE 59th St

  • 0.47 miles

  • Public District Grades PK-5

school-card-donut-674749
6
/10
  • Morningside K-8 Academy

  • 6620 NE 5th Ave

  • 0.65 miles

  • Public Magnet Grades PK-5

school-card-donut-674750
7
/10
  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.87 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,500. The majority of Miami, FL residents have income between $100k-200k annually. 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).

How much acreage is this property?

The property 5501 Biscayne Blvd is 0.89 acres.
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Rocket HomesFloridaMiami-Dade CountyMiami331375501 Biscayne Blvd

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.

In October 2024, from all listings sold in Miami, FL there were more than 62 sold above asking price, over 507 sold below and more than 129 were sold right at the asked price. The number of homes for sale in Miami, FL increased by 8.3% between September 2024 and October 2024. The median list price of listings available in October 2024 was $560,436, while the average time on the real estate market was 60 days.

From Rocket Homes Real Estate and based on county public records data.

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