5900 NE 5th Ave, Miami, FL, 33137
About This Home
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.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Roof: Barrel Roof,Flat Roof With Facade Front
- Construction materials: Brick Veneer,Block,Other
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Electric Water Heater,Ice Maker,Microwave,Gas Range,Refrigerator,Washer
- Laundry features: Washer/Dryer Hook-Up
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Bar,Closet Cabinetry,Entrance Foyer,Other,Walk-In Closet(s),Wet Bar,Atrium
- Door features: French Doors
- Window features: Partial Accordian Shutters,Skylight(s)
- Flooring: Tile,Wood
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total structure area: 5,409
- Total interior livable area: 5,180 sqft
Property
Details
- Parcel number: 0132180320140
- Zoning: 0104
Features
- Stories: 1
- Entry location: First Floor Entry,Foyer
- Private pool: Yes
- Pool features: In Ground,Concrete,Equipment Stays,Pool Only
- Patio & porch: Open Porch,Patio,Screened Porch,Glass Enclosed
- Has view: Yes
- View description: Garden,Pool
Lot
- Lot size: 0.49 Acres
- Features: 1/4 To Less Than 1/2 Acre Lot
Parking
- Total spaces: 4
- Parking features: Driveway,Other,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $12,135 | $145,620 |
| Home Insurance * | $210 | $2,520 |
| Property Taxes | $1,620 | $19,440 |
| Electricity | $521 | $6,255 |
| Total | $14,486 | $173,832 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-12-15 | Price change | $2,499,000 |
| 2025-11-30 | Price change | $2,895,000 |
| 2025-10-08 | Price change | $2,995,000 |
| 2025-08-08 | Listed for sale | $2,999,000 |
| 2025-02-22 | Listing removed | $2,499,000 |
| 2024-08-23 | Listed for sale | $2,499,000 |
| 2024-08-23 | Listing removed | -- |
| 2024-03-25 | Listing removed | $2,650,000 |
| 2024-02-28 | Price change | $2,650,000 |
| 2024-02-21 | Listed for sale | $2,499,000 |
| 2024-02-15 | Listing removed | -- |
| 2024-02-09 | Listed for sale | $2,950,000 |
| 2024-01-14 | Listing removed | -- |
| 2022-12-15 | Price change | $2,950,000 |
| 2022-10-20 | Price change | $3,250,000 |
| 2022-09-27 | Price change | $3,450,000 |
| 2022-08-21 | Listed for sale | $3,650,000 |
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