4855 University Dr, #4855, Coral Gables, FL, 33146
8 beds
4 Full baths
1962
Other
1,863 sqft
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.
Status:
Active
Type:
Condo
Complex:
CORAL GABLES RIVIERA SEC
Garage:
Two or More Spaces
Heating:
Central, Electric
Cooling:
Central Air, Electric
Levels:
2
Est. Taxes:
$27,808
Construction
Block
Utilities
Cable Available
View Description:
Canal
Waterfront:
Yes
Elementary School:
Fairchild; David
Middle School:
Ponce De Leon
High School:
Coral Glades High
Days on Market:
3
Pet Allowed:
Yes
Pet Policy:
Conditional, Yes
Appliances:
Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
MLS #:
A11956625
Community Info
School Info
Walk Score
Yelp
Listing courtesy of Compass Florida, LLC. 305-697-2904