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Single Family Residence
$1,449,000$721 / sqft
1209 La Mancha Ave, Coral Gables FL 33134
Listed
3
Bedrooms
2
Bathrooms
2,009 sqft
Interior
1924
Year built
None
HOA
Single Family Residence
Type
About this home
Old Spanish charm, an exceptional North Gables location and extensive improvements—all under $1.5M. Immaculately maintained and filled with natural light, this inviting Coral Gables home offers 2,009 SF under air per tax rolls, a wonderful open layout and the character of a classic Spanish residence with the important updates already completed. Major improvements include a new 2026 flat roof, 2023 barrel tile roof, new HVAC, impact windows and doors, updated plumbing and electrical service, and a new septic tank. The updated kitchen opens beautifully to the living spaces, creating an easy, comfortable flow for everyday living and entertaining. Freshly painted in Simply White, the home feels bright, crisp and move-in ready. A detached, air-conditioned casita provides flexible space for a home office, gym, studio or retreat, while the covered porte-cochère adds architectural character and convenient covered parking. The expensive work has been done, the house is immaculate, and the layout works beautifully—move right in and enjoy it as-is or personalize the finishes over time. Offered at approximately $721/SF, this is a compelling opportunity to own a beautifully maintained home with significant improvements on a lovely street in Coral Gables.
Features
- First Floor Entry
- Closet Cabinetry
- Entrance Foyer
- French Doors
- Cottage
- Garden
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 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.