Price Reduced 3.96%
Price History
$2,499,000
8/8/2025
$2,400,000
6/26/2026
5900 NE 5th Avenue, Miami, FL, 33137
5 rooms
3 beds
2 Full / 1 Half baths
1925
5,180 sqft
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.
Status:
Active
Type:
Single-family residential
Furnished Remarks:
Unfurnished
Laundry Remarks:
Washer Hookup, Dryer Hookup
Zoning:
0104
Subdivision:
BAYSHORE AMD
Garage:
4-car
Heating:
Central, Electric
Cooling:
Central Air, Ceiling Fan(s), Paddle Fan(s)
Levels:
1
Parking:
Driveway, Garage Door Opener
Lot Size:
1/2 acre
Acreage:
0.49
Est. Taxes:
$22,471
Construction
Brick Veneer, Other, Concrete Block - No Stucco
Utilities
Underground Utilities
View Description:
Garden, Pool
Amenities:
Workshop Area, Sidewalks
Elementary School:
Morningside K-8 Academy (Miami-Dade)
Middle School:
Horace Mann
High School:
Miami Edison
Days on Market:
322
Pet Policy:
Yes
Appliances:
Electric Water Heater, Dryer, Disposal, Dishwasher, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
Pool:
In Ground, Concrete, Equipment Included
MLS #:
A11855344
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2026 Beaches Multiple Listing Service, Inc
Listing courtesy of Beachfront Realty Inc 305-405-0615