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+3 photosLuxury home — 5520 SW 1st Street · Amended Plat Of Flagler T · Miami
$620,000
5520 SW 1st Street, Miami, FL 33134
Miami, FL, 33134
— bd · 0 ba · — sqft
Listed by BHHS EWM Realty
5520 SW 1st Street, Miami, FL 33134
Listed by BHHS EWM Realty
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Know your costs before you buy
Work through the cash needed at closing, including property taxes.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
About this home
Find similar homesPrime 6,900 sq ft vacant residential lot. This generous sized lot is ready for you to build your dream home or investment property. Enjoy ample space for spacious residence, outdoor living, landscaping and more. A fantastic opportunity to build in an established neighborhood. Great location with easy access to schools, shopping, and major highways.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 13%
The seller has come down from $715,000 to $620,000 — a $95,000 reduction since it came on the market.
99 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
5520 SW 1st Street, Miami, FL 33134 · Miami
Location
5520 SW 1st Street, Miami, FL 33134
What buyers ask about this home
What are the estimated monthly carrying costs at 5520 SW 1st Street, Miami, FL 33134?+
Property tax (after sale): $896/month est. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 5520 SW 1st Street, Miami, FL 33134?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 5520 SW 1st Street, Miami, FL 33134 need flood insurance, and what drives the premium?+
Most of Miami sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 5520 SW 1st Street, Miami, FL 33134?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 5520 SW 1st Street, Miami, FL 33134?+
This listing has been on the market 99 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami. Distinct neighborhoods, local dining and shopping, with downtown, Brickell and MiamiCentral as everyday destinations.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Crystal Academy Primary School Caps Intern
Pre-K & Kindergarten · Private · Grades K–12 · Coral Gables
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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