What is the asking price and what does it include?

The list price for 5077 NW 7th St # 508, Miami FL 33126 is $390,000. The property is a Condominium with 2 bedrooms, 2 bathrooms, approximately 922 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 5077 NW 7th St # 508, Miami FL 33126 in Miami, 33126. Coordinates are approximately 25.7796916, -80.2776907. 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 390,000 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 5077 NW 7th St # 508, 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.

Home
Buying
Selling
Property Search
Contact

Home
Buying
Selling
Property Search
Contact

Get Pre-Approved !

Home
Buying
Selling
Property Search
Contact

Get Pre-Approved !

Home
Condominium
5077 NW 7th St # 508, Miami FL 33126 | Miami-Dade County | A12001613

Share on:
WhatsApp Pinterest Facebook X LinkedIn Email

5077 NW 7th St # 508, Miami FL 33126 | Miami-Dade County | A12001613

5077 NW 7th St # 508, Miami FL 33126

Residential Active

$390,000

1 More

Type
Condominium

2
Bedrooms

2
Bathrooms

1
Garage

922 Square Feet
Area Size

Share on:
WhatsApp Pinterest Facebook X LinkedIn Email

Residential Active

5077 NW 7th St # 508, Miami FL 33126 | Miami-Dade County | A12001613

5077 NW 7th St # 508, Miami FL 33126

$390,000

Description

Welcome to this bright and spacious 2-bed, 2-bath condo, designed with an open-concept layout that feels both airy and inviting. Start your mornings in peace or unwind in the evening on your private balcony overlooking the sparkling pool.
Within the gated community, you’ll enjoy access to a fully equipped gym, sauna, pool table, beauty salon and ping-pong area , Electric Vehicle (EV) charging station — all with 24/7 guard security for added peace of mind. Close to MIA airport, Downtown and the beaches.

Address

Open on Google Maps

Address: 7th St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33126
Area: BLUE LAGOON CONDO

Details

Updated on June 3, 2026 at 8:30 pm

Property ID A12001613
Price $390,000
Property Size 922 Square Feet
Bedrooms 2
Bathrooms 2
Garage 1
Year Built 2003
Type Condominium
Property Status Residential

Additional details

AssociationAmenities Barbecue, Bike Storage, Billiard Room, Boat Dock, Business Center, Child Play Area, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Pool, Sauna
AssociationFee 570
AssociationFeeFrequency Monthly
BathroomsFull 2
BathroomsHalf 0
BuildingAreaTotal 922
BuildingAreaUnits Square Feet
BuildingName Blue Lagoon Condominium
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-04-15
Cooling Central Air
CoveredSpaces 1
DaysOnMarket 49
Directions Dolphin Expy/FL-836 to N.W. 57 Th Avenue. Exit on 57th Ave to NW 7 ST. Turn left to Blue Lagoon Condos on the left hand side
ElementarySchool Flagler; Henry M.
EntryLevel 5
ExpirationDate 2026-10-14
Flooring Wood
Heating Central
HighSchool South Miami
Inclusions Dock Available, Dock Available
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-606-5381
ListingTerms All Cash, Conventional
LotSizeSquareFeet 0
MLSAreaMajor Blue Lagoon Condo
MajorChangeTimestamp June 3, 2026 at 06:32pm
MajorChangeType Price Decrease
MiddleOrJuniorSchool Kinlock Park
MlsStatus Active
ModificationTimestamp June 3, 2026 at 06:32pm
OnMarketDate 2026-04-15
OriginalEntryTimestamp April 15, 2026 at 08:19pm
OriginalListPrice 409000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-31-31-032-4800
ParkingFeatures 1 Space, Assigned
PetsAllowed Restrictions Or Possible Restrictions
PhotosChangeTimestamp April 15, 2026 at 08:20pm
PhotosCount 6
Possession Funding
PostalCode 33126
PostalCodePlus4 3461
PreviousListPrice 409000
PriceChangeTimestamp June 3, 2026 at 06:32pm
PublicSurveyRange 31
PublicSurveySection 31
PublicSurveyTownship 31
RoomsTotal 0
SecurityFeatures Smoke Detector, Card Entry, Fire Alarm, Guard At Site
ShowingContactType Agent
ShowingInstructions 24 Hour Notice, Call Listing Agent
SourceSystemKey 455056646
StateOrProvince FL
StatusChangeTimestamp April 15, 2026 at 08:19pm
StoriesTotal 17
StreetDirPrefix NW
StreetName 7th St
StreetNumber 5077
StreetNumberNumeric 5077
StructureType Condo 5+ Stories, Condo
SyndicationRemarks Welcome to this bright and spacious 2-bed, 2-bath condo, designed with an open-concept layout that feels both airy and inviting. Start your mornings in peace or unwind in the evening on your private balcony overlooking the sparkling pool. Within the gated community, you’ll enjoy access to a fully equipped gym, sauna, pool table, beauty salon and ping-pong area, Electric Vehicle (EV) charging station — all with 24/7 guard security for added peace of mind. Close to MIA airport, Downtown and the beaches.
TaxAnnualAmount 4914
TaxLegalDescription BLUE LAGOON CONDO UNIT 508 BLDG 4 UNDIV 0.1754% INT IN COMMON ELEMENTS OFF REC 23710-3703 COC 24297-3215 02 2006 1
TaxYear 2025
UnitNumber 508
View Pool Area View
WaterfrontFeatures Lagoon
WindowFeatures Hurricane Shutters
YearBuiltDetails Resale