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4851 University Dr Coral Gables, FL $ 2,800,000
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4851 University Dr
$ 2,800,000
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4851 University Dr

Coral Gables, FL, 33146
$ 2,800,000
Bedrooms4 Baths2.0 Sq 3,726

Monthly Estimate*

$ 17,240

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Multi-Family Home for sale in Coral Gables, FL

for $2,800,000 with 4 bedrooms and 2 full baths. This 3,726 square foot home was built in 1962.

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

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Multi-Family Active

Price

$ 2,800,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 27,808

Style

Year Built

1962

Town/City

Coral Gables

County/Region

Miami-Dade

MLS | Web ID

A11953185
Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Ceiling Fan(s) Electric
Utilities Cable Available
Possession Closing & Funding
Roof Flat Tile
HOA Fee 0
Patio/Porch Features Balcony Open
Pool Features None
Construction Materials Block
Year Built 1962
Stories Count 2
Levels Two
Property Subtype Duplex
Tax Year 2025
Waterfront Features Canal Front Fixed Bridge Navigable Water Ocean Access
Assoc Fee Paid Per Annually
County Miami-Dade
Net Operating Income 0
Operating Expense 0
Property Type Residential Income
Subdivision Name CORAL GABLES RIVIERA SEC
Rent Includes Gardener Trash Collection
Full Baths 2
Special Listing Conditions Corporate Listing Listed As-Is
Status Active
City Coral Gables
Zoning Description 5900
Number Of Units Total 1
MLS Area 41
Lot Size Units Square Feet
Listing Terms Cash Conventional VA Loan
Year Built Details Resale
Tax Annual Amount 27808
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11953185
Standard Status Active
Occupancy Type Tenant
Total Actual Rent 103200
Property Sub Type Additional Duplex
Legal Description GABLES RIVIERA ON THE WATERWAY CONDO UNIT 1 AKA 4851 UNDIV 50% INT IN COMMON ELEMENTS OFF REC 29915-625
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Interior
Flooring Ceramic Tile Hardwood Tile Wood
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Half Baths 0
Total Bedrooms 4
Total Baths 0
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Exterior
Exterior Amenities Balcony Room For Pool
Lot Features 1/4 to 1/2 Acre Lot
Water Source Public
Total Parking 4
Spa false
Building Area Total 3726
Frontage Length 78
Waterfront Y/N true
Covered Spaces 0
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* Excluded Features
List By
Compass Florida, Llc

Broker

pilar@pilaraparicio.com

Email

Affordability Calculator

$19,557
Per Month
88%
12%
0%
Monthly Principal & Interest
$17,240
Monthly Property Taxes
$2,317
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
2/1/2026$2,800,000 Listed Price

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4851 University Dr, Coral Gables, FL, 33146 is a Multi-Family Home for sale at $2,800,000 with 3,726 sqft. 4851 University Dr has 4 bedrooms, 2.0 baths, and was built in 1962. The property's zip code is 33146 which is in Coral Gables, FL

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