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4851 University Dr Coral Gables, FL 33146
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,726 sqft
Price per Sqft $751
Subdivision Coral Gables Riviera Sec
MLS Listing ID A11953185
Sold Date 04/10/26
HOA Y/N Yes
Year Built 1962
Annual Tax Amount $27,808
Tax Year 2025
Contingent Pending Inspections
Property Sub-Type Duplex
Property Description
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
Location
State FL
County Miami-dade
Community Coral Gables Riviera Sec
Area 41
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Ceramic Tile, Hardwood, Tile, Wood
Window Features Blinds
Exterior
Exterior Feature Balcony, Room For Pool
Pool None
Utilities Available Cable Available
Waterfront Description Canal Front,Fixed Bridge,Navigable Water,Ocean Access
Roof Type Flat,Tile
Porch Balcony, Open
Total Parking Spaces 4
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 03-41-19-020-0010
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Financing Seller Financing
Special Listing Condition Corporate Listing, Listed As-Is
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Bought with Brokers, LLC
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