El Lago Condo,El Lago Condominiums

5505 NW 7th Street # W301, Miami FL 33126

2 beds · 2 baths · 852 ft²

Closed

$230,000

6.12%

Est. Payment $1,224/mo

MLS Sheet Video

Bedrooms

Bathrooms

852

Sq. Ft.

1972

Year Built

Garage

Stories

Days on Market

Description

Investors Dream. Prime location Real Estate investment, right next to Miami International Airport and the Blue Lagoon office park. This bright and spacious 2/2 corner unit, is located in the highly desirable El Lago waterfront community. Already Rented for $2,300 per month, on a Month-to-Month basis. HOA is $455.35 per month, with No upcoming special Assessments for your peace of mind. New owners are allowed to Rent right away. The unit has been meticulously maintained, and it is 100% ready for its new owner to Close, sit back and immediately begin to collect Rent. This property is one of 6 in a very attractive portfolio, if you'd like more information, please contact us to schedule a Showing right away.

Facts

MLS#: F10555531
Subdivision: El Lago Condo,El Lago Condominiums
Property Type: Residential
Property Sub Type: Condominium
Year Built: 1972
Lot Size: 0 sqft
Sq. Ft.: 852 ft²
Sq. Mt.: 79 m²
Price per sq. ft.: $270/ft²
Price per sq. mt.: $2,911/m²
Stories: 4
Garage: 1 spaces
Pool: Private
Days on Market: 47 days
Listed: Mar 1, 2026
Last Updated: May 22, 2026
Price/Lot Sq.Ft.: —

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

June 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

5/22/2026	Sold	$230,000
4/2/2026	Price change	$230,000-6.1%
3/1/2026	Listed for sale	$245,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Estimated Monthly Payment

$1,566/mo

Principal & Interest

$1,224

Property Tax

$192

Insurance

$150

HOA

Down Payment20% ($46,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 604-3276 info@rangelyadames.com

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