5501 NW 7 ST E318, Miami, FL 33126
Parcel: 0131310241350 · Residential · Condominium - Residential · Zoning: 6106
Assessed Value (2025)
$192,000
Property Details
Beds
2
Baths
2
Living Sqft
882
Year Built
1972
RESIDENTIAL - TOTAL VALUE : CONDOMINIUM - RESIDENTIAL
Sales History
1
$36,000
1983-12-01
2
$31,500-13%
2020-02-03
IVIS PALAZUELOS → IVIS PALAZUELOS
3
$270,000+757%
2024-11-16
IVIS PALAZUELOS → LAGO 5505 LLC
Tax Assessment History
$192,000
Assessed (2025)
$192,000
Market Value
$192,000
Taxable Value
$3,909
Annual Tax
2024
$193,788
2025
$192,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $192,000 | $192,000 | $192,000 | $3,909 | $0 | $0 |
| 2024 | $193,788 | $193,788 | $193,788 | $3,945 | $0 | $0 |
About 5501 NW 7 ST E318, Miami, FL 33126
5501 NW 7 ST E318, Miami, FL 33126 is a 2-bedroom, 2-bathroom residential - total value : condominium - residential built in 1972 with 882 square feet of living space. The property is currently owned by LAGO 5505 LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2024-11-16 for $270,000, when IVIS PALAZUELOS sold to LAGO 5505 LLC. The property has appreciated $238,500 (757%) since the prior sale of $31,500 on 2020-02-03. There are 3 recorded sales for this property.
The 2025 assessed value is $192,000 with a market value of $192,000. The assessed value decreased 1% from $193,788 in 2024. The median household income in this area is $59,779, and the median home value is $263,200.
The population density is 54,361 people per square mile. 5501 NW 7 ST E318, Miami, FL 33126 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records.
The complete ownership history of this property spans from 1983 to 2024, with 3 recorded transactions in the public record. The current assessed value represents 71% of the most recent sale price. Based on the most recent sale, this property traded at $306 per square foot — a key metric for comparing value across Miami's real estate market..
Current Owner
LAGO 5505 LLC
4613 N UNIVERSITY DR UNIT 129, CORAL SPRINGS, FL, 33067
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$2,320 — $4,256
Flood $400 — $800
Property/Wind $1,920 — $3,456
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$59,779
Median Home Value$263,200
Pop. Density54,361/sq mi
Neighborhood 33126
29.9%
Owner-Occ
70.1%
Investor
237
Flips (4yr)
13,798
New Biz (3yr)
Distress Risk
ELEVATED
41
Zoom in to see property sales