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Waterfront Redevelopment Opportunity of a dual-unit building on Waterway. Investor-focused opportunity along the prestigious Coral Gables Waterway. This distinctive offering includes two condo units sold together as a single building, positioned on an oversized waterfront lot ideal for redevelopment, renovation, or the creation of a bespoke luxury residence with potential for dock(s) and boating structures. The square footage shown reflects one unit; the total building size is 3,726 SF, providing exceptional scale for reconfiguration or expansion. Surrounded by high-end homes in a quiet residential enclave, the property offers direct water frontage and compelling long-term value. Currently income-producing with leases in place, buyers can offset holding costs while planning, designing, and permitting a future vision. Opportunities with this size, flexibility, and premier location are increasingly scarce. Ideal for an end-user, builder, or investor seeking a signature waterfront estate defined by privacy, seamless indoor-outdoor living, and timeless architectural appeal. Note: Two folio numbers; sale includes Folio #03-4119-020-0010. MLS A11953185.
| DAYS ON MARKET | 3 | LAST UPDATED | 2/2/2026 |
|---|---|---|---|
| TRACT | CORAL GABLES RIVIERA SEC | YEAR BUILT | 1962 |
| COMMUNITY | 41 | COUNTY | Miami-Dade |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Fairchild; David |
|---|---|
| Jr. High School | Ponce De Leon |
| High School | Coral Glades High |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Insurance, Maintenance Grounds, Maintenance Structure, Trash |
| APPLIANCES | Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer |
| AREA | 41 |
| CONSTRUCTION | BLOCK |
| EXTERIOR | Balcony |
| HEAT | CENTRAL, Electric |
| INTERIOR | Master Downstairs |
| LOT | 0 |
| LOT DESCRIPTION | Waterfront |
| STORIES | 2 |
| STYLE | Other |
| SUBDIVISION | CORAL GABLES RIVIERA SEC |
| TAXES | 27808 |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Access, Ocean Access |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Compass Florida, LLC
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this web site are marked. Data provided is deemed reliable but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
