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Condominium
$319,000$438 / sqft
888 S Douglas Rd # 1213, Coral Gables FL 33134
Listed
1
Bedrooms
1
Bathrooms
728 sqft
Interior
2007
Year built
$950 / mo
HOA
Condominium
Type
About this home
Value meets opportunity in Coral Gables! This charming Coral Gables condo is ideal for both homeowners and investors. The residence is currently tenant-occupied on a month-to-month basis, with the tenant requiring 30–60 days’ notice to vacate. Inside, enjoy a sleek kitchen featuring granite countertops, stainless steel appliances, and in-unit laundry. A private balcony showcases beautiful city views, while complete impact glass offers storm protection. Puerta de Palmas offers resort-style amenities including a pool, sauna, spa/hot tub, fitness center, clubhouse, billiard room, putting green, BBQ/picnic area, valet parking, concierge lobby, and more. Perfectly located just steps from Miracle Mile, dining, shopping, and entertainment, this residence delivers the perfect blend of lifestyle, location, and value. The seller has paid off the special assessments, and the building is currently in the process of completing its milestone inspection upgrades. Property can be financed with as little at 10% down with a non-QM loan. Speak with Danny Martiney with GRA Mortgage for details!
Features
- Fire Sprinklers
- Entrance Foyer
- Walk-In Closet(s)
- Open Balcony
- Garden View
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
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 1-bed rentals in Coral Gables, from 33 active listings; the middle half ask $2,250–$3,100.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.