For sale

$199,000

5501 NW 7th St APT E412, Miami, FL 33126

1beds

662sqft

$1,718/mo

Get pre-qualified

Condominium

Built in 1972

-- sqft lot

$-- Zestimate^®

$301/sqft

$318/mo HOA

What's special

Peaceful lake viewsConvenient layoutPlenty of natural light

Excellent investment opportunity in the heart of Miami! Beautiful 4th-floor condo located in the desirable El Lago Condominium community. This unit offers a convenient layout with plenty of natural light and a prime location just minutes from Miami International Airport, major highways, shopping centers, restaurants, and entertainment. Enjoy peaceful lake views and easy access to everything Miami has to offer. Ideal for homeowners or investors. Great central location with strong rental potential. Don’t miss this opportunity!

111 days
169
4

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

Included: Microwave, Electric Range, Refrigerator

Features

Walk-In Closet(s)
Flooring: Ceramic Tile, Tile

Interior area

Total structure area: 662
Total interior livable area: 662 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: 1 Space, Guest
Has garage: Yes

Features

Exterior features: Courtyard
Pool features: Association
Fencing: Fenced
Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake
Waterfront features: Lake

Details

Parcel number: 0131310240960

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Concrete Block Construction, CBS Construction

Condition

Year built: 1972

Community & HOA

Community

Security: Complex Fenced, Elevator Secure, Card Entry, Fire Alarm, Lobby Secured, TV Camera
Application fee: $150
Pet fee: $0
Subdivision: El Lago Condo

HOA

Has HOA: Yes
Amenities included: Elevator(s), Exterior Lighting, Pool
HOA fee: $318 monthly

Location

Region: Miami

Financial & listing details

Price per square foot: $301/sqft
Tax assessed value: $158,000
Annual tax amount: $3,158
Date on market: 5/12/2026
Listing terms: All Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/12/2026	Listed for sale	$199,000+10.6%$301/sqft
Source: MIAMI #A12017589 Report a problem
12/7/2023	Sold	$180,000-10%$272/sqft
Source: MIAMI #A11483660 Report a problem
11/13/2023	Pending sale	$200,000$302/sqft
Source: MIAMI #A11483660 Report a problem
11/9/2023	Listed for sale	$200,000+200.8%$302/sqft
Source: MIAMI #A11483660 Report a problem
5/2/2002	Sold	$66,500+33%$100/sqft
Source: Public Record Report a problem
3/28/2001	Sold	$50,000+11.1%$76/sqft
Source: Public Record Report a problem
3/6/1998	Sold	$45,000+35.1%$68/sqft
Source: Public Record Report a problem
2/4/1994	Sold	$33,300$50/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,158 -4.8%	$158,000 -4.6%
2024	$3,318 +541.7%	$165,600 +228.2%
2023	$517 +4.5%	$50,458 +3%
2022	$495 +3.2%	$48,989 +3%
2021	$479 +2.7%	$47,563 +1.4%
2020	$467 +4.8%	$46,907 +2.3%
2019	$445 +6.3%	$45,853 +1.9%
2018	$419	$44,999 +2.1%
2017	$419 +3.7%	$44,074 +2.1%
2016	$404 +1.7%	$43,168 +0.7%
2015	$397 -0.1%	$42,868 +0.8%
2014	$398 -31.9%	$42,528 +1.5%
2013	$584	$41,900 -20%
2012	$584 -0.7%	$52,380
2011	$588 -5.9%	$52,380
2010	$625 +5.9%	$52,380 +1%
2009	$590 +5.2%	$51,877 +104.9%
2007	$561 -10%	$25,317
2006	$623	--
2005	$623 +0.7%	--
2004	$619 +1.8%	--
2003	$608 -48.9%	--
2002	$1,191	--
2001	$1,191	--