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Condominium
$425,000$431 / sqft
650 Coral Way # 404, Coral Gables FL 33134
Listed
2
Bedrooms
2
Bathrooms
985 sqft
Interior
1960
Year built
$682 / mo
HOA
Condominium
Type
About this home
Experience the perfect blend of elegance and comfort in this spacious, luxurious 2-bedroom, 2-bathroom corner unit located in the heart of the "City Beautiful" — Coral Gables. Enjoy an in-unit washer and dryer, a charming Juliet balcony with peaceful views of the Granada Golf Course, and a bright, open layout. The primary bedroom offers stunning views of Coral Way and Cardena Street, while the second bedroom overlooks quiet Cardena Street, offering privacy and charm. Just minutes from iconic landmarks like the Venetian Pool, The Biltmore Hotel, and vibrant Miracle Mile — home to top-rated restaurants, cafés, and shops. Located in a top-rated school district and surrounded by timeless beauty, this unit is a rare gem in one of Miami's most desirable neighborhoods. Investor-friendly: no rental restrictions.
Features
- Walk-In Closet(s)
- None
- Golf View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$2,831
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,149
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.