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
- Swimming Pool
- Heating System
- Cooling System
- Patio:
- Balcony, Open
- Parking
- Roof:
- Tile, Flat
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Coral Gables
- Zipcode:
- 33146
- Street:
- 4851 University Dr, Coral Gables, Florida 33146
- Longitude:
- W81° 43' 38''
- Latitude:
- N25° 43' 33.4''
- Association Fee Frequency:
- Annually
- Building Area:
- 3,726 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 3
- DOM:
- 10
- Exterior Features
- Flooring:
- Wood, Tile, Ceramic Tile, Hardwood
- Frontage Length:
- 78
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash,Conventional,VA Loan
- Lot Features
- Parcel Number:
- 03-41-19-020-0010
- Subdivision Name:
- CORAL GABLES RIVIERA SEC
- Tax Annual Amount:
- $27,808
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
- Waterfront Features
- Window Features:
- Blinds
Residential Income For Sale
4851 University Dr, Coral Gables, Florida 33146, Coral Gables, Florida 33146
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,800,000
- Square Footage :
- 3,726 Sqft
- Year Built :
- 1962
- MLS # :
- A11953185
- Property Sub Type :
- Duplex
