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Waterfront · Single Family Residence
$16,200,000$2,963 / sqft
119 Paloma Dr, Coral Gables FL 33143
Listed
5
Bedrooms
7
Bathrooms
5,468 sqft
Interior
2000
Year built
$600 / mo
HOA
Single Family Residence
Type
About this home
Set along 90 feet of waterfront in coveted Cocoplum Phase 2, this beautiful residence completely remodeled in 2018 features 5 bedrooms, 6.5 baths, and 7,614 of total SF. Terraces and balconies extend the interiors outdoors, keeping the waterfront within view. Inside, an elegant staircase and soaring ceilings are complemented by custom millwork, marble and wood floors, and inviting spaces designed for both entertaining and everyday living. Outside, a heated saltwater pool and lush tropical landscaping overlook the water, while a private dock and ocean access through one fixed bridge make boating readily accessible. A three-car garage adds everyday convenience. Filled with charm and distinctive character, this exceptional residence offers privacy, lush surroundings, and an unbeatable waterfront location within the gates of Cocoplum.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Walk-In Closet(s)
- Family Room
- Media Room
- Built-In Grill
- Canal
- Garden
- Water
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 5-bed rentals in Coral Gables, from 14 active listings; the middle half ask $16,000–$30,000.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.