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Condominium
$555,000$456 / sqft
6815 Edgewater Dr # 202, Coral Gables FL 33133
Listed
2
Bedrooms
2
Bathrooms
1,218 sqft
Interior
1968
Year built
$802 / mo
HOA
Condominium
Type
About this home
Best-priced unit in the Admiral Farragut and an exceptional opportunity to own in one of Coral Gables’ desirable waterfront neighborhoods. This bright 2-bedroom, 2-bath residence offers the perfect canvas to renovate and create a home tailored to your style. Enjoy convenient elevator access and a balcony overlooking the peaceful surroundings. The boutique building sits along a quiet canal with direct ocean access, ideal for paddleboarding, kayaking, fishing, and embracing the South Florida waterfront lifestyle. Amenities include a waterfront pool, dock, lush tropical landscaping, and paddleboard storage. Conveniently located near the University of Miami, restaurants, shopping, and major roadways. Priced to sell and full of potential.
Features
- First Floor Entry
- East Of Us1
- Courtyard
- Open Balcony
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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.
Location
Approximate — shows the building, not the unit.
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.