Residential, 5900 NE 5th Ave, Edgewater, Miami - Powered by DMT

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Status: Active

5900 NE 5th Ave

Edgewater, Miami

$2,499,000 / $482PSF
 |  3 Beds  |  2.5 Baths   | 5,180SF

Description

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 BayShore. 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 over 75 years. Presently zoned as single family residential, the property is surrounded by single & multi-family and commercially zoned lots. City has signaled willingness to relax use restrictions. Just off Biscayne, this area is undergoing dynamic changes. Nearby listing of property one half this size presently listed for nearly $7M. Property could become a stand out stunning estate home in the center of it all, or be the site of high end multi-unit residential development. The potential here is unrivaled... Seller is motivated. Contact Agent. See property. Make an offer.

Listing courtesy of Beachfront Realty Inc

Property Details

Residential

Features & More

Resident Highlights
Dishwasher
Washer/Dryer: Dryer Hookup
Microwave
Refrigerator
Cooling: Ceiling Fans
Heating: Electric
Walk In Closets
Entrance Foyer
Open Porch
Pool
View: Garden, Pool
Building Amenities
Garage
Parking
Laundry
Outdoor Space
Terms of Living
Pets allowed in the unit
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