4851 University Dr, Coral Gables, FL, 33146
1962
3,726 sqft
Rare waterfront opportunity along the Coral Gables Waterway. This unique offering consists of two condo units within a single structure, positioned on an oversized waterfront site ideal for redevelopment into a bespoke luxury residence. And the addition or dock(s) and boating structures. The property offers direct water frontage in a quiet residential enclave surrounded by high-end homes, presenting exceptional long-term value in one of Coral Gables’ most prestigious neighborhoods. Currently income-producing with leases in place, allowing a buyer to offset holding costs while planning, designing, and permitting a future redevelopment. Opportunities of this scale, orientation, and flexibility are increasingly scarce. Ideal for a luxury end-user builder or buyer seeking to create a one-of-a-kind waterfront home with privacy, indoor-outdoor living, and enduring architectural appeal. NOTE THERE ARE 2 FOLIO NUMBERS THE SALE INCLUDES FOLIO #03-4119-020-0020. DO NOT DISTURB THE TENANTS
Status:
Active
Type:
Multi-family
Zoning:
5900
Frontage:
78
Subdivision:
CORAL GABLES RIVIERA SEC
Heating:
Central, Electric
Cooling:
Central Air, Ceiling Fan(s), Electric
Parking:
4-car
Est. Taxes:
$27,808
Construction
Block
Utilities
Cable Available
Lot Description:
1/4 to 1/2 Acre Lot
Waterfront:
Yes
Days on Market:
3
Pool:
None
MLS #:
A11953185
Community Info
School Info
Walk Score
Yelp
Listing courtesy of Compass Florida, LLC. 305-697-2904