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Waterfront · Condominium
$630,000$594 / sqft
6815 Edgewater Dr # 105, Coral Gables FL 33133
Listed
2
Bedrooms
2
Bathrooms
1,060 sqft
Interior
1968
Year built
$801 / mo
HOA
Condominium
Type
About this home
Remodeled 2/2 in boutique waterfront building is a 1st floor which is truly the second floor. Parking located on the ground floor with elevator that is steps from the unit. New kitchen with hardwood cabinetry & stainless steel appliances, sealed carrera marble countertops. Tastefully honed and polished travertine floors throughout. East morning sun brightens the open living, dining and kitchen. Recessed lighting. Large principal bedroom exquisitely marble tiled en-suite. IMPACT windows & sliding doors. Balcony faces & accesses pool & canal. Washer/dryer in unit. Storage room available, covered parking (one assigned space), community pool & community dock. No bridges to bay. Best location in Gables between South Gables & South Coconut Grove on a quiet street surrounded by excellent schools. Additional parking is available via permit thru the City of Coral Gables for spaces along Edgewater Drive This unit DOES NOT come with a private dock. Structural reserves & financial reserves are sound.
Features
- Second Floor Entry
- Other
- Courtyard
- Open Balcony
- Canal
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
- Okay To Lease 1st Year
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.