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Waterfront · Condominium
$850,000$649 / sqft
90 Edgewater Dr, Coral Gables FL 33133
Listed
2
Bedrooms
2
Bathrooms
1,310 sqft
Interior
1969
Year built
$1,611 / mo
HOA
Condominium
Type
About this home
An exceptional opportunity to own a front/center Penthouse unit in one of Coral Gables’ most iconic residential condo buildings Gables Waterway Towers located in a peaceful, residential neighborhood within walking distance to Coconut Grove, minutes to South Miami and downtown Coral Gables. Enjoy breathtaking water views of Biscayne Bay from a dining terrace overlooking a resort-style pool and boat dock. This PH condo features high ceilings, a split floor plan, new floors and spacious living areas with amazing tropical perspectives. Superb building amenities include 24/7 security, valet, gym, pool, game room, community/party room + 1 assigned gated parking space. Top public and private schools. Truly a great lifestyle opportunity.
Features
- Closet Cabinetry
- Split Bedroom
- Volume Ceilings
- Open Balcony
- Bay
- Ocean View
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Renting Limited
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Coral Gables, from 35 active listings; the middle half ask $3,000–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.