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3
Bedrooms
2
Bathrooms
— sqft
Interior
1970
Year built
None
HOA
Single Family Residence
Type
About this home
Completely reimagined and truly turnkey, this Coral Gables home offers nearly 2,000 SF of beautifully designed living space, a flexible den/office, and exceptional indoor-outdoor living. Set on a lushly landscaped lot just minutes from Granada Golf Course, the 3-bedroom, 2-bath residence pairs the timeless character of the Gables with the comfort and ease of a comprehensive renovation. Bright, open interiors flow around a beautifully appointed kitchen and inviting living spaces, with seamless access to the terrace, summer kitchen, and private landscaped backyard—creating an effortless setting for everyday living and entertaining. A versatile den adds valuable additional living space and can easily function as a home office, family room, gym, playroom, or guest space. The home has been extensively renovated with a new roof, impact windows and doors, updated electrical and plumbing systems, new A/C, kitchen and bathrooms, flooring, and extensive landscaping—offering the peace of mind and convenience of a move-in-ready home. Ideally located near Granada Golf Course, Miracle Mile, parks, dining, and the best of Coral Gables, 1203 Madrid offers a rare combination of character, thoughtful design, modern upgrades, and effortless South Florida living.
Features
- First Floor Entry
- Family Room
- Garage Converted
- Barbeque
- Room For Pool
- None
Location
Approximate — shows the building, not the unit. Open in maps
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 27 active listings; the middle half ask $6,500–$8,700.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.