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Prime South Gables Opportunity with Outstanding Potential
Welcome to 5201 Orduna Drive, Apartment 12, a well-located condominium offering exceptional potential in the heart of South Coral Gables. The unit features a bright layout with a great outlook, abundant natural light, and tons of closet space, including a walk-in master closet—a rare find for condos in this area!
While the property would benefit from updates, it presents an excellent opportunity to customize and add value, making it ideal for buyers looking to create a space tailored to their own style. The solid layout and generous storage provide a strong foundation for renovation.
Perfectly situated in South Gables, this home offers easy access to Downtown and Brickell, Coconut Grove, and South Miami, while still enjoying the quiet, residential charm Coral Gables is known for. Just minutes from the University of Miami, dining, shopping, parks, and major roadways, this is a location that truly delivers both convenience and long-term appeal. Live an active lifestyle? Access sidewalks and beautiful, established tree-lined streets from this location. It is also situated under 3 miles from historic Dinner Key, making it the perfect launching point for a scenic walk, run, or cycle!
A compelling opportunity for end users or investors seeking location, space, and upside potential. Priced to sell! Don't miss out.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$374,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $299,200 | $299,200 | $299,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $667 | $667 | $667 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,792 | $1,867 | $2,465 |
| Total Monthly Payment | $2,534 | $2,609 | $3,207 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.