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About this home
Rare value-add opportunity in prestigious Coral Gables! Located on an 8,000 SF lot in one of Miami's most desirable neighborhoods, this property comes with approved plans (see attached) to expand the home into a spacious 3-bedroom, 3-bath residence featuring a private office and garage. Avoid the lengthy planning process and begin transforming this property into a stunning custom home. Ideal for buyers looking to build their forever home or investors seeking a profitable renovation and resale opportunity. Surrounded by multi-million-dollar homes and just minutes from Miracle Mile, Coconut Grove, Miami International Airport, Downtown Miami, premier dining, shopping, and top-rated schools. Approved plans are attached to the listing. Seller Financing Available
Features
- First Floor Entry
- Family Room
- Room For Pool
- Garden
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $4,424
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.