Atlantic Luxury Advisors
Under contract. Ask us to watch it: if it comes back on the market, you hear first.
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21 photos

5085 7th St #1505

Miami, FL 33126

$270,000
1
1
685 sq ft
2003
1 car
Condominium
$426/mo
Yes
29
Active Under Contract

Listing courtesy of ON Florida Realty, LLC. (Valentina Delgado). Contact: [email protected].

About this home

Beautiful unit in the highly desirable, gated Blue Lagoon community, featuring a private balcony with open views of Blue Lagoon and Miami International Airport in the distance. The unit includes assigned covered parking, and residents enjoy resort-style amenities including a clubhouse, heated pool, jacuzzi, sauna, fitness center, BBQ areas, a children's playground, EV charging stations, and an on-site convenience store. The property management office is conveniently located on-site for added convenience. Ideally located just minutes from Miami International Airport, Coral Gables, Doral, Brickell, major highways, shopping, dining, and entertainment. An excellent opportunity for both end users and investors.

What it costs to own
Estimated monthly payment
$2,311/mo
Principal and interest
$1,365
Property tax
$353
Homeowners insurance
$167
HOA
$426

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$4,233/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$426/mo (from the listing)
FEMA flood zone
Zone AH, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone C: ordered to evacuate for Category 2 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.