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Single Family Residence
$699,000$683 / sqft
5941 Coral Way, Miami FL 33155
Listed
2
Bedrooms
1
Bathrooms
1,024 sqft
Interior
1948
Year built
None
HOA
Single Family Residence
Type
About this home
A unique opportunity located fronting Coral Way, minutes from Coral Gables, this completely remodeled property offers an attractive alternative for professionals who would rather invest in real estate and build equity than continue leasing traditional office space. Thoughtfully renovated for professional office use. The interior features two private executive offices, one bathroom, a kitchen, and additional functional workspace, parking. Major improvements include new electrical, plumbing, lighting, tile flooring, and hurricane-resistant impact windows and doors, providing a modern, professional environment ready for an owner-user to establish their business. The property is currently zoned residential and has a Certificate of Use for a home-based business. Its configuration may make it particularly appealing to a law firm, architect, title company, CPA or accounting firm, insurance professional or adjuster, real estate brokerage, mortgage company, engineering firm, consultant, or other professional-service business, subject to applicable use requirements. Prime Coral Way location is one of the property's strongest attributes. Fronting Coral Way, the property provides convenient access to the Coral Gables business district, MIA Airport and Highways. The surrounding area offers an established mix of restaurants, cafés, retail, banking, professional services, and neighborhood businesses, making the location convenient for business owners, employees, and visiting clients.
Features
- First Floor Entry
- French Doors
- Other
- Storage
- Lighting
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 across Miami-Dade, from 154 active listings; the middle half ask $2,400–$3,640.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.