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Built in 1926 by George Fink, one of the founders of Coral Gables, this exceptional historic residence is a true Coral Gables gem. Rich in architectural character and timeless charm, the home reflects the original vision of the City Beautiful. After more than two years of extensive permitting and approvals, the property offers a rare opportunity for the next owner to enhance or expand with confidence while preserving its historic integrity. A unique blend of heritage, location, and upside, this home represents both a meaningful legacy and significant long-term equity potential in one of Coral Gables' most sought-after neighborhoods. A huge investment has been made to have full approvals from the Coral Gables Historic Board and Architectural Board and the new owner can hit the ground running with a proposed two story 4 bedroom/3. 5 bathroom, 2, 548 S/F pool home. Pictures featured here are the architectural renderings used for the approval process with the City of Coral Gables. The property is a complete rebuild project. **Pictures shown are the architectural renderings used for approval. This is not what the property looks like in it's current state**
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,225,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,780,000 | $1,780,000 | $1,780,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $1,462 | $1,462 | $1,462 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,672 | $10,960 | $15,021 |
| Total Monthly Payment | $12,259 | $12,547 | $16,608 |
* 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.