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HUGE PRICE DROP! ENORMOUS OPPORTUNITY FOR THE RIGHT BUYER!! Motivated seller of this assemblage of Bayshore lots; price just reduced. Three lots, totaling ½ an acre, on the corner of 59th St. & 5th Ave in rapidly changing Palm Grove. On site is a 100-year-old home spanning 5409 sf. New kitchen & appliances & bathroom. A grand home w/ richly appointed generous rooms. Owned by a prominent Miami family for 80 years. Presently zoned as single family residential, the property is surrounded by single & multi-family and commercially-zoned properties. This home is in the Palm Grove Historic District, and given its age is likely to be deemed "contributing" to the historic ambience of the community. So Seller is looking for that buyer who is willing and able to bring this home back to its former grandeur. Plenty of room to add on to the original core home, whilst preserving the original structure. This is probably the largest single family lot in all of Palm Grove, and is surrounded by an imposing wall. Inside are quiet courtyards under towering trees. Just off Biscayne, this area is undergoing dynamic changes. A nearby property one half this size recently sold for over $6M. Property could become a stand out stunning estate home in the center of it all -- for the right buyer. The potential here is unrivaled... Seller is very motivated. Contact Agent. See property. Make an offer.
| Address | Unit # | Price | %Chng | Bed/Bath | Square Feet | Square m2 | Maint/$ |
|---|---|---|---|---|---|---|---|
| 462 NE 64th St | $799,000 | 2/1 | 1,512 | 140 | $0 | ||
| 7020 NE 5th Ave | $839,000 | 2/2 | 1,227 | 114 | $0 | ||
| 666 NE 62nd St | $975,000 | 3/2 | 1,210 | 112 | $0 | ||
| 6322 NE 5th Ave | $997,000 | 4/2 | 2,161 | 201 | $0 | ||
| 421 NE 70th ST | $999,000 | 4/3 | 1,147 | 107 | $0 | ||
| 5850 NE 3rd Ave | $1,050,000 | 4/3 | 1,530 | 142 | $0 | ||
| 670 NE 56th St | $1,500,000 | 2/2 | 1,547 | 144 | $0 | ||
| 420 NE 55th Ter | $2,475,000 | 4/4 | 2,706 | 251 | $0 | ||
| 5900 NE 5th Ave | $2,499,000 | 3/2 | 5,180 | 481 | $0 | ||
| 5934 NE 4th ct | $2,823,620 | 4/4 | 3,719 | 345 | $0 | ||
| 525 NE 58th | $3,500,000 | 9.38% | 6/3 | 3,476 | 323 | $0 | |
| 547 NE 57th St | $6,800,000 | 5/5 | 4,658 | 433 | $0 | ||
| 601 NE 56th St | $8,200,000 | 2.51% | 7/6 | 5,374 | 499 | $0 |
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 03/04/2026 | $700,000 | $775,000 | 3 | 2 | 1,210 | 5 months | |
| 02/19/2026 | $3,250,000 | $3,375,000 | 4 | 3 | 2,672 | 1 month | |
| 01/30/2026 | $2,100,000 | $2,350,000 | 5 | 3 | 3,012 | 4 months | |
| 01/23/2026 | $1,370,000 | $1,425,000 | 3 | 3 | 0 | 1 year | |
| 01/23/2026 | $3,650,000 | $3,995,000 | 5 | 5 | 3,146 | 6 months |
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