What is the asking price and what does it include?

The list price for 5050 NW 7th St # 312, Miami FL 33126 is $190,000. The property is a property with 1 bedrooms, 1 bathrooms, approximately 506 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 5050 NW 7th St # 312, Miami FL 33126 in Miami, 33126. Coordinates are approximately 25.7778068, -80.2775601. 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 190,000 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 5050 NW 7th St # 312, Miami FL 33126.

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.

5050 NW 7th St # 312, Miami FL 33126 | Miami-Dade County

1
Bedroom

1
Bathroom

506 Sq Ft
Area Size

Active

5050 NW 7th St # 312, Miami FL 33126 | Miami-Dade County | A12020109

$190,000

Description

5050 Condominium in the heart of Miami! One Bedroom One Full bathroom with fully Renovated Kitchen and Bathroom. New Air Conditioning Installed in March 2026. New Floors. New High Impact window with blinds. Peaceful view. Property can be rented after purchased. Building at the end of the process to obtain the 40-50 years recertification with New Roof and structure work completed. New carpet and baseboards placed on hallways. Unit is vacant and ready to Sell.

Address

Open on Google Maps

Address: 7th St
City: Miami
Zip/Postal Code: 33126

Details

Updated on June 8, 2026 at 5:13 am

Property ID A12020109
Price $190,000
Property Size 506 Sq Ft
Bedroom 1
Room 0
Bathroom 1
Year Built 1973
Property Status Active

Additional details

StreetDirPrefix NW
LivingAreaUnits Square Feet
LaundryFeatures Common Area
Flooring Tile
PhotosCount 13
MIAMIRE_SubdivisionNumber 121
RoomBedroomFeatures At Least 1 Bedroom Ground Level
ViewYN Yes
Cooling Central Air
SecurityFeatures Smoke Detector, Complex Fenced, Lobby Secured, TV Camera
MIAMIRE_NARRulesYN Yes
MIAMIRE_TypeofAssociation Homeowners
BuildingName 5050 Condominium
AssociationFeeFrequency Monthly
HeatingYN Yes
RoomDiningRoomFeatures Family/Dining Combination
ListingKeyNumeric 476620337
MLSAreaMajor 5050 Condominium
TaxAnnualAmount 891
BathroomsTotalDecimal 1
AssociationYN Yes
MlsStatus Active
StreetNumber 5050
ListingKey 538623b37c09d9c5263e572ff35dd21c
MIAMIRE_ConvertibleBedroomYN No
MIAMIRE_AddressInternetDisplay 5050 NW 7th St 312
AttachedGarageYN Yes
PoolPrivateYN No
ListingTerms Cash
Possession Funding
WaterfrontYN No
BathroomsFull 1
SubdivisionName 5050 Condominium
InternetAddressDisplayYN Yes
StoriesTotal 8
MIAMIRE_NumTimesLeasedYear 1
MIAMIRE_Restrictions Ok To Lease, Okay To Lease 1st Year
PetsAllowed Restrictions Or Possible Restrictions
MIAMIRE_MaintenanceIncludes All Amenities, Building Exterior, Common Area, Elevator, Insurance, Laundry Facilities, Manager
AssociationAmenities Laundry
MIAMIRE_EfficiencyYN No
StreetNumberNumeric 5050
MIAMIRE_MunicipalCode 1
ParkingFeatures Assigned, Covered
PostalCodePlus4 3452
NumberOfUnitsInCommunity 137
Heating Central
MIAMIRE_Area 41
StructureType Condo 5+ Stories, Condo
ListingAgreement Exclusive Right To Sell
ListingId A12020109
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN Yes
MIAMIRE_MinimumNumofDaysforLease 365
InternetAutomatedValuationDisplayYN No
TaxYear 2025
ConstructionMaterials Concrete Block With Brick, CBS Construction
InternetConsumerCommentYN No
BuildingAreaTotal 506
CoolingYN Yes
LotSizeUnits Square Feet
MIAMIRE_SpecialAssessmentYN Yes
GarageYN Yes
MIAMIRE_AdjustedAreaSF 506
ListingContractDate 2026-05-15
StateOrProvince FL
CoveredSpaces 1
MIAMIRE_TypeofGoverningBodies Condominium
EntryLevel 3
View Other View, Pool Area View
SignOnPropertyYN No
YearBuiltDetails Resale
IDXParticipationYN Yes
MIAMIRE_CableAvailableYN No
MIAMIRE_PetsAllowedYN Yes
PropertyAttachedYN Yes
MIAMIRE_ForLeaseYN No
HorseYN No
UnitNumber 312
LeasableAreaUnits Square Feet
BathroomsHalf 0
RoomLivingRoomFeatures Storage Room
SyndicationRemarks 5050 Condominium in the heart of Miami! One Bedroom One Full bathroom with fully Renovated Kitchen and Bathroom. New Air Conditioning Installed in March 2026. New Floors. New High Impact window with blinds. Peaceful view. Property can be rented after purchased. Building at the end of the process to obtain the 40-50 years recertification with New Roof and structure work completed. New carpet and baseboards placed on hallways. Unit is vacant and ready to Sell.
MIAMIRE_LPAmtSqFt 375.4941
MIAMIRE_FloodZone AH
PatioAndPorchFeatures Open Balcony
WindowFeatures High Impact Windows
NewConstructionYN No
GarageSpaces 1
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AccessibilityFeatures Accessible Elevator Installed
MIAMIRE_OkToAdvertiseList No
MIAMIRE_Style Condo 5+ Stories
AssociationFee 246
LotSizeSquareFeet 0
ArchitecturalStyle Corner Unit
RoomMasterBathroomFeatures Shower Only
MIAMIRE_MembershipPurchRqdYN No
UnparsedAddress 5050 NW 7th St # 312, Miami FL 33126
MIAMIRE_Blogging No
FeedTypes IDX