$560,000
SOLD APR 15, 2025

Blue Lagoon 5077 NW 7th St Unit 1016 Miami, FL 33126

Flagami Neighborhood
1 Bed
1 Bath
685 Sq Ft
$429/mo HOA Fee

Recently Sold

$818 Per Sq Ft

112% Above List Price

10 Days on Market

Highlights

  • Lake Front
  • Gated with Attendant
  • Pool View
  • Fitness Center
  • Clubhouse
  • Community Pool

About This Home

As of April 2025

An exceptional opportunity to remodel this 1 bed, 1 bath condo with two assigned parking spaces, located on the 10th floor. Building has reserves and new roof. Enjoy top-notch amenities, including a fitness center, spa, salon, swimming pool, jacuzzi, mini-market, business center, and waterfront walking paths. Outdoors, there are BBQ areas, a playground, a dock for jet skis/boats, mini-golf, and seating by the water. Pet-friendly with 24-hour security. Centrally located near MIA, Coral Gables, Doral, and downtown Miami. Easy to show via lockbox. Seller is ready to do business--don't miss out!

Last Agent to Sell the Property

Neisy Nieto

United Realty Group Inc License #0634727

United Realty Group Inc

Last Buyer's Agent

Maria Ramirez

Floridian Realty Corp. License #3261926

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,747

Year Built

  • Built in 2003

HOA Fees

  • $429 Monthly HOA Fees

Parking

  • Over 1 Space Per Unit
  • Assigned Parking

Interior Spaces

  • 685 Sq Ft Home
  • Built-In Features
  • Family Room
  • Dishwasher
  • Washer and Dryer

Flooring

  • Carpet
  • Terrazzo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Balcony
  • Open Patio

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $650
  • Assessor Parcel Number 01-31-31-032-5760
  • Seller Considering Concessions

Community Details

Overview

  • Association fees include maintenance structure, parking, pool(s), recreation facilities, sewer, security, water
  • Blue Lagoon Condo Subdivision
  • 18-Story Property

Amenities

  • Clubhouse
  • Billiard Room
  • Business Center
  • Elevator

Recreation

  • Community Spa
  • Park

Pet Policy

  • Pets Allowed

Security

  • Gated with Attendant
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,747

Year Built

Built in 2003

Lot Details

0

HOA Fees

$429 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 2003
  • Entry Level: 1016
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Built-in Features, Elevator, Tub Shower
  • Furnished: Unfurnished
  • Spa Features: Community
  • Appliances: Dryer, Dishwasher, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet, Ceramic Tile, Terrazzo
  • Living Area: 685.0
  • Dining Room Type: Family Room
  • Stories: 18

Exterior Features

  • Exterior Features: Balcony
  • View: Pool
  • Pool Features: None, Association, Community
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Assigned, Two or More Spaces

Utilities

  • Security: Gated with Guard, Key Card Entry
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association Fee: 429.0
  • Community Features: Clubhouse, Gated, Park, Pool, Street Lights
  • Senior Community: No
  • Amenities: Billiard Room, Business Center, Clubhouse, Fitness Center, Pool, Spa/Hot Tub, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Maintenance Structure, Parking, Pool(s), Recreation Facilities, Sewer, Security, Water

Lot Info

  • Parcel #: 01-31-31-032-5760
  • Zoning Description: 6106/RES

Rental Info

  • Security Deposit: 650.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3747.0

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Sold $560,000 +112.1% $818 / Sq Ft
03/22/2025 03/22/25 Pending -- -- --
03/12/2025 03/12/25 For Sale $264,000 0.0% $385 / Sq Ft
01/29/2021 01/29/21 Rented $1,350 0.0% --
01/26/2021 01/26/21 Under Contract -- -- --
01/08/2021 01/08/21 For Rent $1,350 0.0% --
07/20/2016 07/20/16 Rented $1,350 0.0% --
07/12/2016 07/12/16 Under Contract -- -- --
07/01/2016 07/01/16 For Rent $1,350 +12.5% --
06/30/2014 06/30/14 Rented $1,200 -4.0% --
05/31/2014 05/31/14 Under Contract -- -- --
05/05/2014 05/05/14 For Rent $1,250 -- --
Source: BeachesMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,616 $185,245 -- --
2023 $3,616 $168,405 $0 $0
2022 $3,156 $153,096 $0 $0
2021 $2,829 $133,127 $0 $0
2020 $2,831 $137,758 $0 $0
2019 $2,622 $131,198 $0 $0
2018 $2,374 $124,950 $0 $0
2017 $2,265 $98,014 $0 $0
2016 $2,164 $89,104 $0 $0
2015 $2,094 $81,004 $0 $0
2014 $1,990 $73,640 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $231,000 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $179,300 Attorney
Quit Claim Deed -- None Available
Special Warranty Deed $80,000 None Available
Trustee Deed -- None Available
Special Warranty Deed $330,000 Attorney
Source: Public Records

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Source: BeachesMLS

MLS Number: R11070786

BeachesMLS

APN: 01-3131-032-5760