Price Check
How this price compares
- Asking price
- $2,100,000
- Price per sq ft
- $405
- Original price
- $2,999,000
- Days on market
- 370
This 4-bedroom single-family home in ZIP 33137 went under contract with an asking price of $2,100,000, or $405 per square foot. The asking price has come down 30% from its original $2,999,000. It spent 370 days on the market before going under contract.
Estimated monthly payment
$11,036 /mo
Principal and interest only, based on $420,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,100,000
- Days on Site
- 370 Days
- Bedrooms
- 4
- Total Baths
- 3
- Full Baths
- 3
- Living Area
- 5,180 sqft
- Total Sq Ft
- 5,409 sqft
- Lot Size
- 0.49 Acres
- Year Built
- 1925
- Property Type
- Single Family
- MLS #
- A11855344
- Property Tax
- $25,320 (2025)
- Subdivision
- BAYSHORE AMD
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
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.
MLS media linkGeneral Features
- Property Type
- Single Family
- Status
- Under Contract
- Year Built
- 1925
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 4
- Parking
- Covered / Driveway / Garage / Garage Door Opener
- Direction Faces
- Southeast
- Lot Size (Acres)
- 0.49
- Living Sq Ft
- 5,180
- Total Sq Ft
- 5,409
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 0104
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Water Heater / Disposal / Gas Range / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central / Electric
- Flooring
- Tile / Wood
- Fireplace
- Yes
- Interior Features
- Wet Bar / Bathtub / Closet Cabinetry / Dining Area / Separate Formal Dining Room / Entrance Foyer / Main Level Primary / Other / Sitting Area In Primary / Soaking Tub / Separate Shower / Bar / Walk In Closets
- Laundry
- Washer Hookup / Dryer Hookup
- Windows
- Skylights
- Total Rooms
- 5
- Furnished
- Unfurnished
Exterior Features
- Construction
- Brick Veneer / Block / Other
- Roof
- Barrel / Flat
- Exterior Features
- Outdoor Living Area / Porch
- Private Pool
- Yes
- Pool Features
- Concrete / In Ground / Pool Equipment
- Patio & Porch
- Patio / Porch / Screened
- Lot Features
- Quarter To Half Acre Lot
- View
- Garden / Pool
Community & HOA
- Association Amenities
- Sidewalks / Workshop Area
- Security
- Security System
- Utilities
- Underground Utilities
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 2320
Schools
- Elementary School
- Morningside K-8 Academy (Miami-Dade)
- Middle School
- Horace Mann
- High School
- Miami Edison
About the Community
- Homes for Sale
- 1
- Under Contract
- 1
- Median List Price
- $1,099,000
- Median $/Sq Ft
- $595
- Avg Days on Market
- 52
Frequently Asked Questions
- How do I schedule a tour of 5900 NE 5th Avenue, Miami, FL 33137?
- Use the Tour button on this listing to request a showing of 5900 NE 5th Avenue, Miami, FL 33137. 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 5900 NE 5th Avenue, Miami, FL 33137 still available?
- 5900 NE 5th Avenue, Miami, FL 33137 is currently listed as Under Contract, and has been on the market 370 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 5900 NE 5th Avenue, Miami, FL 33137?
- With 20% down ($420,000) on the $2,100,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5900 NE 5th Avenue, Miami, FL 33137 is about $11,036/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 5900 NE 5th Avenue, Miami, FL 33137?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5900 NE 5th Avenue, Miami, FL 33137. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 5900 NE 5th Avenue, Miami, FL 33137?
- 5900 NE 5th Avenue, Miami, FL 33137 is zoned for Morningside K-8 Academy (Miami-Dade) (elementary), Horace Mann (middle), Miami Edison (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 5900 NE 5th Avenue, Miami, FL 33137?
- Often, yes. The right offer on 5900 NE 5th Avenue, Miami, FL 33137 depends on how it's priced against comparable single family 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 Beachfront Realty Inc
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 July 3, 2026.
$2,100,000
Interested in This Property?
Contact us to schedule a showing or ask a question.
Own a home near this one? See what it would sell for today
Listed by Donn S Dutton, Beachfront Realty Inc
Map & Location
Featured Communities
Cities in Miami-Dade County
Zip Codes in Miami-Dade County
Property Types
Recent Sales
Recently sold homes in ZIP 33137
These are the last 6 recorded closings in ZIP 33137, with the price each home actually sold for rather than what it was listed at. They closed at a median of $579 per square foot. The most recent closed on October 15, 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$570,000
Sold · October 15, 2026
3250 NE 1st Avenue 616
2 bed · 2 bath · 1,190 sqft · $479/sqft
$10,000 under the asking price
Sold$420,000
Sold · October 9, 2026
3250 NE 1st Avenue 1007
1 bed · 1 bath · 726 sqft · $579/sqft
$19,000 under the asking price
Sold$475,000
Sold · October 9, 2026
600 NE 36th Street 1404
2 bed · 2 bath · 1,218 sqft · $390/sqft
$24,000 under the asking price
Sold$410,000
Sold · October 5, 2026
3250 NE 1st Avenue 811
1 bed · 1 bath · 740 sqft · $554/sqft
$19,000 under the asking price
Sold$410,000
Sold · October 5, 2026
121 NE 34th Street L601
1 bed · 1 bath · 607 sqft · $675/sqft
$10,000 over the asking price
Sold$879,000
Sold · October 2, 2026
650 NE 32nd Street 4104
2 bed · 3 bath · 1,193 sqft · $737/sqft
See every recorded sale in ZIP 33137 or find out what your ZIP 33137 home is worth.
