5501 NW 7th St # E412, Miami FL 33126, MIAMI, FL, 33126
Active90 days on marketListed May 12, 2026MLS #A12017589
About this home
5501 NW 7th St # E412, Miami FL 33126
Excellent investment opportunity in the heart of Miami! Beautiful 4th-floor condo located in the desirable El Lago Condominium community. This unit offers a convenient layout with plenty of natural light and a prime location just minutes from Miami International Airport, major highways, shopping centers, restaurants, and entertainment. Enjoy peaceful lake views and easy access to everything Miami has to offer. Ideal for homeowners or investors. Great central location with strong rental potential. Don’t miss this opportunity!
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
662
Sqft
1972
Year built
$301
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,001 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,001/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−18.1%
$/sqft vs Miami actives
$301 vs $513
Days on market
90 vs 66 typical
Where $301/sqft sits among the 400 Miami actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Flagami
Get to know Miami. See the full Miami guide →
Flagami — neighborhood snapshot
Population
55,032
Median age
48
Median income
$56,604
Median home value
$362,933
Avg household
3
Households w/ children
5,140
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
35 of 400
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 5282% above the MIAMI 33126 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 5501 NW 7th St # E412
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$225,000
5505 NW 7th St # W315, Miami FL 33126 · same community
2 bd · 2 ba · 852 sqft · $264/sqft · 8 DOM
Sold · Sep ’25$260,000
5501 NW 7th St # E310, Miami FL 33126 · same community
2 bd · 2 ba · 888 sqft · $293/sqft · 158 DOM
Sold · Oct ’25$275,000
5501 NW 7th St # E408, Miami FL 33126 · same community
2 bd · 2 ba · 991 sqft · $277/sqft · 65 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Kemarie Johnson
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5501 NW 7th St # E412 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5501 NW 7th St # E412 — before you fall in love.
See it in person
Schedule a tour
Live availability from Kemarie's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5501 NW 7th St # E412 FAQs
What would the monthly payment be for 5501 NW 7th St # E412, Miami FL 33126?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,001/mo — principal and interest, the actual property-tax bill, the $318/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 5501 NW 7th St # E412, Miami FL 33126?+
The association fee works out to $318 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 5501 NW 7th St # E412, Miami FL 33126?+
The most recent tax bill on record (2025) was $3,158. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5501 NW 7th St # E412, Miami FL 33126?+
The listing reports pets: Maximum 20 Lbs. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Miami?+
At $199,000, this home is listed about 67% below the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5501 NW 7th St # E412, Miami FL 33126?+
Henry M. Flagler Elementary School (elementary), Kinloch Park Middle School (middle), South Miami Senior High School (high), District Instructional Center (Dic) (), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of Real Estate Direct of S. Fla · Idania Brizuela. MLS #A12017589.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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