What is the asking price and what does it include?

The list price for 1568 SW 5th St, Miami FL 33135 is $550,000. The property is a property with — bedrooms, — bathrooms, approximately — square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 1568 SW 5th St, Miami FL 33135 in Miami, 33135. Coordinates are approximately 25.7682688, -80.2209085. Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Miami — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 550,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 1568 SW 5th St, Miami FL 33135.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

Home
1568 SW 5th St, Miami FL 33135 | Miami-Dade County | A12022548

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1568 SW 5th St, Miami FL 33135 | Miami-Dade County | A12022548

1568 SW 5th St, Miami FL 33135

Active

$550,000

16 More

Sq Ft
Area Size

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1568 SW 5th St, Miami FL 33135 | Miami-Dade County | A12022548

1568 SW 5th St, Miami FL 33135

$550,000

Description

Unmatched development opportunity on a prime 5,000 SQ FT lot (50ft X 100ft) zoned T4L; Build up to 3 stories with a baseline density allowing a sleek 4-unit luxury townhome pack or rental building to capture skyrocketing local rents.Luxury Single-Family + ADU: Design a modern urban estate with a legal ancillary dwelling unit (ADU) for immediate secondary income or multi-generational living.Tap into Little Havana’s booming tourism market. Perfect for a curated boutique hotel or an “Apartment-Hotel” concept optimized for Airbnb/short-term rental income. This lot is positioned strategically just off the world famous calle ocho (8th Street), approximately 3 minutes from Brickell, 5 minutes from I-95, and with immediate access to the 836 Dolphin Expressway. The property is also just a few blocks from LoanDepot Park (Marlins Stadium), placing it within one of Miami’s most connected and rapidly evolving urban neighborhoods. Little Havana continues to see strong residential demand due to its proximity to Brickell, Downtown, and major transit corridors — making this an ideal development opportunity for building and selling or longterm hold strategy.

Address

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Address: 5th St
City: Miami
Zip/Postal Code: 33135

Details

Updated on June 8, 2026 at 5:10 pm

Property ID A12022548
Price $550,000
Property Status Active

Additional details

StreetDirPrefix SW
LivingAreaUnits Square Feet
PhotosCount 21
MIAMIRE_SubdivisionNumber 6
ViewYN No
MIAMIRE_NARRulesYN Yes
BuildingName LAWRENCE ESTATES LAND COS
ListingKeyNumeric 485569930
MLSAreaMajor Lawrence Estates Land Cos
TaxAnnualAmount 8103
CurrentUse Multi-Family, Other Usage
AssociationYN No
MlsStatus Active
StreetNumber 1568
ListingKey 1d9a4f693c007a560576a6667e4b527d
Vegetation No Trees
MIAMIRE_AddressInternetDisplay 1568 SW 5th St
PoolPrivateYN No
ListingTerms Cash
Possession Funding
WaterfrontYN No
SubdivisionName LAWRENCE ESTATES LAND COS
Fencing Fenced
InternetAddressDisplayYN Yes
OtherStructures None, Run Down
StreetNumberNumeric 1568
MIAMIRE_MunicipalCode 1
PostalCodePlus4 3715
MIAMIRE_Area 31
StructureType Residential
ListingAgreement Exclusive Agency
ListingId A12022548
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN Yes
InternetAutomatedValuationDisplayYN Yes
TaxYear 2025
DirectionFaces North
InternetConsumerCommentYN Yes
LotSizeUnits Square Feet
ListingContractDate 2026-05-20
Zoning 3901
StateOrProvince FL
DevelopmentStatus Other
SignOnPropertyYN No
IDXParticipationYN Yes
HorseYN No
LeasableAreaUnits Square Feet
SyndicationRemarks Unmatched development opportunity on a prime 5,000 SQ FT lot (50ft X 100ft) zoned T4L; Build up to 3 stories with a baseline density allowing a sleek 4-unit luxury townhome pack or rental building to capture skyrocketing local rents.Luxury Single-Family + ADU: Design a modern urban estate with a legal ancillary dwelling unit (ADU) for immediate secondary income or multi-generational living.Tap into Little Havana’s booming tourism market. Perfect for a curated boutique hotel or an "Apartment-Hotel" concept optimized for Airbnb/short-term rental income. This lot is positioned strategically just off the world famous calle ocho (8th Street), approximately 3 minutes from Brickell, 5 minutes from I-95, and with immediate access to the 836 Dolphin Expressway. The property is also just a few blocks from LoanDepot Park (Marlins Stadium), placing it within one of Miami’s most connected and rapidly evolving urban neighborhoods. Little Havana continues to see strong residential demand due to its proximity to Brickell, Downtown, and major transit corridors — making this an ideal development opportunity for building and selling or longterm hold strategy.
MIAMIRE_FloodZone X
NewConstructionYN No
LotFeatures Fenced
MIAMIRE_OkToAdvertiseList No
LotSizeSquareFeet 5000
UnparsedAddress 1568 SW 5th St, Miami FL 33135
MIAMIRE_Blogging No
FeedTypes IDX