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Single Family Residence
$2,495,000$1,063 / sqft
1461 Certosa Ave, Coral Gables FL 33146
Listed
4
Bedrooms
4
Bathrooms
2,348 sqft
Interior
1926
Year built
None
HOA
Single Family Residence
Type
About this home
Built in 1926 during the original development era of Coral Gables’ Riviera Section, this distinctive Old Spanish residence blends nearly a century of architectural character with a remarkably spacious and versatile floor plan. Period details—including graceful archways, hardwood floors, a classic staircase and fireplace—reflect the craftsmanship of the era, while generous living spaces and abundant natural light create an easy flow for modern living and entertaining. The 4-bedroom, 3.5-bath home offers flexible spaces throughout, including a light-filled sunroom and an expansive primary suite with an impressive custom walk-in closet. A detached studio with its own full bathroom provides valuable additional space for a home office, gym or creative use, complemented by a detached one-car garage and extra-long driveway. Rich in character and history, this special home offers an opportunity to own a piece of early Coral Gables architecture. Set along a quiet, low-traffic street, this is the kind of home that invites you to settle in and stay awhile— morning walks beneath the tree canopy, evenings spent entertaining at home, and everyday life surrounded by the charm and beauty that make Coral Gables so enduringly special. With the University of Miami nearby and the best of the Gables within easy reach, Certosa offers a lifestyle that feels both connected and wonderfully tucked away.
Features
- First Floor Entry
- Walk-In Closet(s)
- Maid/In-Law Quarters
- Utility Room/Laundry
- Lighting
- Garden
Location
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 4-bed rentals in Coral Gables, from 14 active listings; the middle half ask $6,900–$15,500.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.