5501 NW 7th St sits in Miami, Florida, close to the intersection of West Flagler Street and NW 57th Avenue. This mid-rise building rises 4 stories high and contains 46 condominium units. Constructed in 1972, the building offers a range of unit sizes from 662 to 991 square feet. Units feature 1 or 2 bedrooms, with some overlooking the tranquil Blue Lagoon.
The property enjoys waterfront views, enhancing the appeal of its surroundings. Each unit is priced between $270,000 and $275,000. The average closed price for the past year is around $265,000, with the lowest sold price noted at $255,000. The average price per square foot is $295. Homes usually stay on the market for about 128 days.
Residents benefit from various amenities including a private pool, laundry facilities on every floor, and elevators. Security cameras throughout the building enhance safety. The pool overlooks the lagoon, providing a lovely place to relax. A gated community adds an extra layer of security for its occupants.
Local dining options include Bomdia Cafe and Blue Lagoon Cafe, adding flavor to the area. Families can access nearby educational facilities like Two Innovate IT Inc. The location also offers easy access to major highways and is not far from Miami International Airport.
The building combines comfortable living with a prime location. The views and the amenities create an inviting atmosphere. This property offers a nice blend of convenience and comfort, appealing to those who appreciate waterfront living in Miami. The overall setting supports a lively lifestyle while ensuring a sense of community.
5501 NW 7th St sits in Miami, Florida, close to the intersection of West Flagler Street and NW 57th Avenue. This mid-rise building rises 4 stories high and contains 46 condominium units. Constructed in 1972, the building offers a range of unit sizes from 662 to 991 square feet. Units feature 1 or 2 bedrooms, with some overlooking the tranquil Blue Lagoon.
The property enjoys waterfront views, enhancing the appeal of its surroundings. Each unit is priced between $270,000 and $275,000. The average closed price for the past year is around $265,000, with the lowest sold price noted at $255,000. The average price per square foot is $295. Homes usually stay on the market for about 128 days.
Residents benefit from various amenities including a private pool, laundry facilities on every floor, and elevators. Security cameras throughout the building enhance safety. The pool overlooks the lagoon, providing a lovely place to relax. A gated community adds an extra layer of security for its occupants.
Local dining options include Bomdia Cafe and Blue Lagoon Cafe, adding flavor to the area. Families can access nearby educational facilities like Two Innovate IT Inc. The location also offers easy access to major highways and is not far from Miami International Airport.
The building combines comfortable living with a prime location. The views and the amenities create an inviting atmosphere. This property offers a nice blend of convenience and comfort, appealing to those who appreciate waterfront living in Miami. The overall setting supports a lively lifestyle while ensuring a sense of community.
Description
5501 NW 7th St sits in Miami, Florida, close to the intersection of West Flagler Street and NW 57th Avenue. This mid-rise building rises 4 stories high and contains 46 condominium units. Constructed in 1972, the building offers a range of unit sizes from 662 to 991 square feet. Units feature 1 or 2 bedrooms, with some overlooking the tranquil Blue Lagoon.
The property enjoys waterfront views, enhancing the appeal of its surroundings. Each unit is priced between $270,000 and $275,000. The average closed price for the past year is around $265,000, with the lowest sold price noted at $255,000. The average price per square foot is $295. Homes usually stay on the market for about 128 days.
Residents benefit from various amenities including a private pool, laundry facilities on every floor, and elevators. Security cameras throughout the building enhance safety. The pool overlooks the lagoon, providing a lovely place to relax. A gated community adds an extra layer of security for its occupants.
Local dining options include Bomdia Cafe and Blue Lagoon Cafe, adding flavor to the area. Families can access nearby educational facilities like Two Innovate IT Inc. The location also offers easy access to major highways and is not far from Miami International Airport.
The building combines comfortable living with a prime location. The views and the amenities create an inviting atmosphere. This property offers a nice blend of convenience and comfort, appealing to those who appreciate waterfront living in Miami. The overall setting supports a lively lifestyle while ensuring a sense of community.
5501 Nw 7th St Key Stats Last 12 months
Avg. Listed Price$249,500($296/Sqft.)
Avg. Sale Price$263,334($291/Sqft.)
Year over year list price0.47%
Year over year sale price22.67%
Total Listings4 Listed
Total sold3 Sold
Average Days on Market155 days
Average HOA fees per sqft$3 /monthly
Key Stats
Year over year list price0.47%
Year over year sale price22.67%
Total Listings4 Listed
Total sold3 Sold
Average Days on Market155 days
Average HOA fees per sqft$3 /monthly
Glen Gardens Estate Availability & Demand
Unit Availability
Medium
High availability buildings list units frequently.
Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.
Unit Demand
Low
Units in high-demand buildings sell quicker.
Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.
One of the highlights of living at El Lago is undoubtedly the private pool area, inviting you to unwind after a long day or to host weekend get-togethers with friends. The convenience of on-site laundry means you won’t have to go far for chores, leaving you more time to explore everything Miami has to offer. Additionally, the building policies regarding pets allow you to bring along a furry friend, with a maximum weight limit of 20 lbs, ensuring you won’t have to miss out on their companionship.
Amenities Description
One of the highlights of living at El Lago is undoubtedly the private pool area, inviting you to unwind after a long day or to host weekend get-togethers with friends. The convenience of on-site laundry means you won’t have to go far for chores, leaving you more time to explore everything Miami has to offer. Additionally, the building policies regarding pets allow you to bring along a furry friend, with a maximum weight limit of 20 lbs, ensuring you won’t have to miss out on their companionship.
Parking
Locker
Concierge
Elevator(s)
Central AC
Pool
Fitness Center
-
Visitors Parking
Amenities
Elevator(s)
Pool
Private Pool
Fire Alarm
TV Camera
Laundry
Balcony
Smoke Detector(s)
Policies
While settling into your new condo, it's always good to be aware of the building policies. El Lago Condo has some restrictions in place that help maintain a peaceful environment for all residents. It’s a friendly reminder to ensure everyone can enjoy their space fully.
Pet Allowed
BBQ Permitted
Sublet Allowed
Short-term Rental Allowed
Compare with Buildings in the Neighbourhood (Last 12 Months)
Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby
West Flagler sits in Miami-Dade County near central Miami. This district contains parks such as Tropical Park and Domino Park for walking and sports. The area hosts attractions like Zoo Miami and Jungle Island for wildlife visits. Restaurants like Versailles and El Palacio de los Jugos serve Cuban and local food to residents. Bars such as Ball and Chain and Hoy Como Ayer offer live music and drinks in nearby nightlife spots. Metrorail and Metrobus provide local transit options for daily trips. Brightline and Tri-Rail link the district to regional rail service. Miami International Airport serves as a major travel hub close to the area. LoanDepot Park brings baseball events and large crowds to the neighborhood. Small shops and bakeries line many blocks and support daily needs. Community centers run programs for families and seniors inside the district. Developers and long time owners maintain many older homes and small apartment buildings. Buses and trains move workers to jobs across the county. Crime and planning reports shape city projects in the area. Data shows that the most common age group falls between 50 to 54 years old and that households with 2 people make up the largest share.
Neighbourhood Description
West Flagler sits in Miami-Dade County near central Miami. This district contains parks such as Tropical Park and Domino Park for walking and sports. The area hosts attractions like Zoo Miami and Jungle Island for wildlife visits. Restaurants like Versailles and El Palacio de los Jugos serve Cuban and local food to residents. Bars such as Ball and Chain and Hoy Como Ayer offer live music and drinks in nearby nightlife spots. Metrorail and Metrobus provide local transit options for daily trips. Brightline and Tri-Rail link the district to regional rail service. Miami International Airport serves as a major travel hub close to the area. LoanDepot Park brings baseball events and large crowds to the neighborhood. Small shops and bakeries line many blocks and support daily needs. Community centers run programs for families and seniors inside the district. Developers and long time owners maintain many older homes and small apartment buildings. Buses and trains move workers to jobs across the county. Crime and planning reports shape city projects in the area. Data shows that the most common age group falls between 50 to 54 years old and that households with 2 people make up the largest share.
This neighborhood indicates a good mix of people which makes it a good place for families. About 12.65% are children aged 0–14, 16.23% are young adults between 15–29, 19.85% are adults aged 30–44, 22.73% are in the 45–59 range and 28.53% are seniors aged 60 and above.
Commuting options are also varying where 86.42% of residents relying on driving, while others prefer public transit around 3.21%, walking around 1.69%, biking around 0.2%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 60.63% of units are rented and 39.37% are owner occupied.
The neighborhood offers different household types. About 30.74% are single family homes and 8.28% are multi family units. Around 29.15% are single-person households, while 70.85% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 18.58% of residents have bachelor’s degrees. Around 30.26% have high school or college education. Another 9.66% hold diplomas while 7.1% have completed postgraduate studies. The remaining are 34.41% with other types of qualifications.
Demographics Description
This neighborhood indicates a good mix of people which makes it a good place for families. About 12.65% are children aged 0–14, 16.23% are young adults between 15–29, 19.85% are adults aged 30–44, 22.73% are in the 45–59 range and 28.53% are seniors aged 60 and above.
Commuting options are also varying where 86.42% of residents relying on driving, while others prefer public transit around 3.21%, walking around 1.69%, biking around 0.2%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 60.63% of units are rented and 39.37% are owner occupied.
The neighborhood offers different household types. About 30.74% are single family homes and 8.28% are multi family units. Around 29.15% are single-person households, while 70.85% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 18.58% of residents have bachelor’s degrees. Around 30.26% have high school or college education. Another 9.66% hold diplomas while 7.1% have completed postgraduate studies. The remaining are 34.41% with other types of qualifications.
Age Demographics
12.65%(0 - 14 years old)
16.23%(15 - 29 years old)
19.85%(30 - 44 years old)
22.73%(45 - 59 years old)
28.53%(60+ years old)
Commute
3.21%
Transit
1.69%
Walk
86.42%
Drive
0.2%
Bike
Housing Ownership
39.37%
Owner Occupied
60.63%
Rental Units
Household Types
30.74%
Single Family
8.28%
Multi Family
29.15%
Single Person
70.85%
Multi Person
Education
Bachelors Degree18.58%
High School College30.26%
Diploma9.66%
Post Graduate7.1%
Others34.41%
Education
Diploma9.66%
Post Graduate7.1%
Others34.41%
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