All listings
Pending
Pending1 / 8
Photo 1 of 8
Condominium
$3,250,000$716 / sqft
55 Merrick Way # 808, Coral Gables FL 33134
Listed
3
Bedrooms
4
Bathrooms
4,536 sqft
Interior
2008
Year built
$5,270 / mo
HOA
Condominium
Type
About this home
Improved 2-story penthouse nestled in the heart of Downtown Coral Gables. This one-of-a-kind residence has been thoughtfully updated to blend luxurious living with modern elegance. Sleek porcelain Beraice 48x48 tiles grace the main living areas, which flow seamlessly onto a massive private terrace. Enjoy the rare convenience of 6 included parking spaces and full concierge services. The open and spacious floor plan is enhanced by soaring 22-foot ceilings in the living and family room areas, creating an airy and inviting atmosphere. The kitchen is equipped with top-of-the-line Gaggenau appliances, perfect for culinary explorations.
Features
- First Floor Entry
- Built-in Features
- Fire Sprinklers
- Pantry
- Walk-In Closet(s)
- Family Room
- Open Balcony
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
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 3-bed rentals in Coral Gables, from 12 active listings; the middle half ask $5,000–$12,000.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.