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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.
Property Details
Price: $2,100,000
Sq Ft: 5,180
($405 per
sqft)
Bedrooms: 4
Bathrooms: 3
City: Miami
County: Miami-Dade
Type: Single Family
Development: Bayshore Amd
Acres: 0.4900
Virtual Tour/Floorplan:
View
Year Built: 1925
Listing Number: A11855344
Status Code: A-Active
Taxes: $25,320.00
Tax Year: 2025
Garage:
4
Furnishings: Unfurnished
Pets Allowed: Yes
Interior Features:
Bar
Entrance Foyer
Other
Wet Bar
Walk-In Closet(s)
Closet Cabinetry
Amenities:
Workshop Area
Sidewalks
Financial Information:
Taxes: $25,320.00
Tax Year: 2025
Exterior Features:
Porch - Open
Porch - Screened
Patio
Porch
Equipment:
Electric Water Heater
Dryer
Disposal
Dishwasher
Gas Range
Ice Maker
Microwave
Refrigerator
Washer
View:
Garden
Pool
School Information:
Elementary School: Morningside K-8 Academy (Miami-Dade)
Middle School: Horace Mann
Junior High: Horace Mann
High School: Miami Edison
Additional Information:
MLS Area: 2320
Total Square Footage: 5,409
Price per Square Feet: $405.40
Total Rooms: 5
Total Floors: 1
Water: Public
Construction: Brick Veneer, Other, Concrete Block - No Stucco
Date Listed: 2026-11-05 00:00:00
Pool: Y
Pool Description: In Ground, Concrete, Equipment Included
Furnished: Unfurnished
Windows: Skylight(S)
Parking: Covered, Driveway, Garage Door Opener
Garage Spaces: 4
Flooring: Tile, Wood
Roof: Barrel, Flat
Heating: Central, Electric
Cooling: Central Air, Ceiling Fan(S), Paddle Fan(S)
Fireplace: Y
Security: Security System
Laundry: Washer Hookup, Dryer Hookup
Pets: Yes
Restrictions: No Restrictions
Sewer: Public Sewer
Parcel ID: 0132180320140
Amenities: Workshop Area, Sidewalks
Map of 5900 Ne 5Th Ave, Miami, FL 33137
Listing Courtesy Of: Beachfront Realty Inc
donn@dsdlaw.net