$239,900
5505 NW 7th Street W406
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $239,900
- Price per sq ft
- $270
- Original price
- $259,900
- Days on market
- 179
This 2-bedroom condo in El Lago Condo is listed at $239,900, or $270 per square foot. The asking price has come down 7.7% from its original $259,900. It has been on the market for 179 days.
Estimated monthly payment
$1,261 /mo
Principal and interest only, based on $47,980 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $436/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $239,900
- Days on Site
- 179 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 888 sqft
- Total Sq Ft
- 888 sqft
- Year Built
- 1972
- Property Type
- Condo
- MLS #
- A11941147
- Property Tax
- $3,809 (2025)
- HOA Fees
- $436 / Monthly
- Subdivision
- EL LAGO CONDO
- County
- Miami Dade
- Status
- Active
About This Property
Gated community in sought after central locationBuilding in pristine condition and fob entry onlyUnit is equipped with hurricane shuttersLong term tenant in place paying $2120 monthly rent, lease ends July 2027One reserved parking and limited visitor parking inside.Approved SA starts 7/1/2026 $138.39 x 24 months(Concrete restoration, waterproofing and painting)Owner pays monthly and buyer to assume upon purchase.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 1972
- Number of Stories
- 4
- Garage Spaces
- 0
- Living Sq Ft
- 888
- Total Sq Ft
- 888
Interior Features
- Appliances
- Refrigerator
- Cooling
- Central Air
- Heating
- None
- Flooring
- Tile
- Interior Features
- Elevator / Other
- Furnished
- Unfurnished
Exterior Features
- Construction
- Other
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Open / Balcony
Community & HOA
- HOA Fee
- $436 / Monthly
- HOA Includes
- Trash / Water
- Association Amenities
- Pool
- Security
- Security Fence
- Utilities
- Cable Available
- Pets Allowed
- No
- Financing Terms
- Conventional / Other
- Restrictions
- Other Restrictions
- MLS Area
- 2310
This home's HOA fee works out to $436 a month, 7% above 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 5505 NW 7th Street W406, Miami, FL 33126?
- Use the Tour button on this listing to request a showing of 5505 NW 7th Street W406, 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 5505 NW 7th Street W406, Miami, FL 33126 still available?
- 5505 NW 7th Street W406, Miami, FL 33126 is currently listed as Active, and has been on the market 179 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 5505 NW 7th Street W406, Miami, FL 33126?
- With 20% down ($47,980) on the $239,900 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5505 NW 7th Street W406, Miami, FL 33126 is about $1,261/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 5505 NW 7th Street W406, Miami, FL 33126?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5505 NW 7th Street W406, Miami, FL 33126. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 5505 NW 7th Street W406, Miami, FL 33126 have an HOA fee?
- Yes: 5505 NW 7th Street W406, Miami, FL 33126 carries an HOA fee of about $436 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 5505 NW 7th Street W406, Miami, FL 33126?
- 5505 NW 7th Street W406, 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 5505 NW 7th Street W406, Miami, FL 33126?
- Often, yes. The right offer on 5505 NW 7th Street W406, 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 Florida Realty of Miami Corp
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.
$239,900
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Listed by Sanjay Agnani, Florida Realty of Miami Corp
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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.
