$199,000
5501 NW 7th Street E412
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $199,000
- Price per sq ft
- $301
- Original price
- Unchanged
- Days on market
- 55
This 1-bedroom condo in El Lago Condo is listed at $199,000, or $301 per square foot. It has been on the market for 55 days.
Estimated monthly payment
$1,046 /mo
Principal and interest only, based on $39,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $318/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $199,000
- Days on Site
- 55 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 662 sqft
- Total Sq Ft
- 662 sqft
- Year Built
- 1972
- Property Type
- Condo
- MLS #
- A12017589
- Property Tax
- $3,158 (2025)
- HOA Fees
- $318 / Monthly
- Subdivision
- EL LAGO CONDO
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
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!
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1972
- Property Condition
- Resale
- Number of Stories
- 4
- Garage Spaces
- 0
- Parking
- Detached / Garage / Guest
- Living Sq Ft
- 662
- Total Sq Ft
- 662
Interior Features
- Appliances
- Electric Range / Microwave / Refrigerator
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Ceramic Tile / Tile
- Interior Features
- Bedroom On Main Level / Bathtub / Soaking Tub / Walk In Closets
Exterior Features
- Construction
- Block
- Exterior Features
- Courtyard / Lighting / Outdoor Living Area
- Pool Features
- Association
- Waterfront
- Yes
- Waterfront Features
- Lake Front / Other
- View
- Lake
Community & HOA
- HOA Fee
- $318 / Monthly
- HOA Includes
- Common Areas / Insurance / Maintenance Structure / Pools / Roof / Trash
- Association Amenities
- Maintenance Grounds / Pool / Elevators
- Security
- Security System / Closed Circuit Cameras / Elevator Secured / Fire Alarm / Key Card Entry / Security Fence
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Ok To Lease
- MLS Area
- 2310
This home's HOA fee works out to $318 a month, 22% below the $406 median across 3 homes for sale in El Lago Condo. See El Lago Condo HOA fees
Schools
- Elementary School
- Henry M. Flagler
- Middle School
- Kinloch Park
- High School
- South Miami
About the Community
- Homes for Sale
- 3
- Median List Price
- $239,900
- Median $/Sq Ft
- $298
- Avg Days on Market
- 133
Frequently Asked Questions
- How do I schedule a tour of 5501 NW 7th Street E412, Miami, FL 33126?
- Use the Tour button on this listing to request a showing of 5501 NW 7th Street E412, Miami, FL 33126. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 5501 NW 7th Street E412, Miami, FL 33126 still available?
- 5501 NW 7th Street E412, Miami, FL 33126 is currently listed as Active, and has been on the market 55 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 5501 NW 7th Street E412, Miami, FL 33126?
- With 20% down ($39,800) on the $199,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5501 NW 7th Street E412, Miami, FL 33126 is about $1,046/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 5501 NW 7th Street E412, Miami, FL 33126?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5501 NW 7th Street E412, Miami, FL 33126. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 5501 NW 7th Street E412, Miami, FL 33126 have an HOA fee?
- Yes: 5501 NW 7th Street E412, Miami, FL 33126 carries an HOA fee of about $318 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 5501 NW 7th Street E412, Miami, FL 33126?
- 5501 NW 7th Street E412, Miami, FL 33126 is zoned for Henry M. Flagler (elementary), Kinloch Park (middle), South Miami (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 5501 NW 7th Street E412, Miami, FL 33126?
- Often, yes. The right offer on 5501 NW 7th Street E412, Miami, FL 33126 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Real Estate Direct of S. Fla
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$199,000
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Listed by Idania Brizuela, Real Estate Direct of S. Fla
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Recent Sales
Recently sold homes in El Lago Condo
These are the last 5 recorded closings in El Lago Condo, with the price each home actually sold for rather than what it was listed at. They closed at a median of $277 per square foot. The most recent closed on June 18, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$225,000
Sold · June 18, 2026
5505 NW 7th Street W315
2 bed · 2 bath · 852 sqft · $264/sqft
$20,000 under the asking price
Sold$230,000
Sold · May 22, 2026
5505 NW 7th Street W301
2 bed · 2 bath · 852 sqft · $270/sqft
Sold$275,000
Sold · October 14, 2025
5501 NW 7th Street E408
2 bed · 2 bath · 991 sqft · $277/sqft
Sold$260,000
Sold · September 5, 2025
5501 NW 7th Street E310
2 bed · 2 bath · 888 sqft · $293/sqft
$5,000 under the asking price
Sold$255,000
Sold · July 17, 2025
5501 NW 7th Street E301
2 bed · 2 bath · 852 sqft · $299/sqft
$4,000 under the asking price
See every recorded sale in El Lago Condo or find out what your El Lago Condo home is worth.
