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Coral Way Tower Condominium

Coral Way Tower Condominium

Coral Way Tower Condominium
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

2950 SW 3rd Ave
Miami, FL 33129
54 Units
9 Stories
1974 Year Built
$296K - $709K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Rooftop Deck
  • Skyline View
  • Community Pool
  • Elevator
  • Clear Impact Glass
  • 24 Hour Access

A mid-century condominium in Miami's historic The Roads neighborhood

Coral Way Tower Condominium, completed in 1974, stands as a 9-story residential building in the heart of Miami's The Roads neighborhood. This 54-unit condominium offers a blend of urban convenience and residential comfort, situated in an area known for its unique street layout that runs perpendicular to Miami's standard grid. The building's location provides easy access to downtown Miami, the Brickell financial district, and nearby shopping centers, while maintaining the charm of a quiet residential pocket. With its straightforward design and central location, Coral Way Tower embodies the practical, no-frills approach of its era, offering residents a solid home base in one of Miami's most historically rich areas.

Spacious units with versatile layouts and city views

Coral Way Tower Condominium offers a range of floor plans to suit various lifestyles, from cozy one-bedroom units to expansive three-bedroom homes. The one-bedroom layouts, measuring approximately 900 square feet, provide ample living space with a single bathroom, typically priced around $240,000. These units are ideal for singles or couples seeking a comfortable urban dwelling. For those requiring more space, the two-bedroom units range from 904 to 1,020 square feet. These homes feature either one or two bathrooms, offering flexibility for different household needs. Prices for two-bedroom units typically fall between $340,000 and $400,000, representing a solid value in the Miami real estate market. The most spacious options are the three-bedroom units, which span an impressive 2,000 square feet. These larger homes come with three bathrooms and are priced around $640,000, catering to families or those who desire extra room for home offices or guest accommodations. Many units in Coral Way Tower have been updated over the years, featuring modern touches like open floor plans, new kitchens with wood cabinets and granite countertops, and updated bathrooms. Large balconies are a common feature, offering residents private outdoor space and views of the surrounding cityscape. Some units boast corner positions, providing extra natural light and panoramic vistas of the Brickell skyline and Biscayne Bay. Recent renovations in many apartments include the installation of impact windows, enhancing both safety and energy efficiency. The building's 40-year recertification has been completed, ensuring the structure meets current safety standards. While some units may require updating, this presents an opportunity for buyers to customize their space to their preferences.

Rooftop relaxation and convenient services

Coral Way Tower Condominium offers a selection of amenities designed to enhance residents' daily lives. The crown jewel is the recently updated rooftop pool, providing a refreshing retreat with spectacular 360-degree views of the Miami skyline. This space serves as a communal area where residents can relax, socialize, and enjoy the Florida sunshine. For added convenience, the building features on-site laundry facilities, eliminating the need for in-unit washers and dryers or trips to off-site laundromats. The property is equipped with central air conditioning and heating systems, ensuring year-round comfort for residents. Security is a priority at Coral Way Tower, with 24-hour access control systems in place to maintain residents' safety and peace of mind. The building also offers convenient disposal chutes, simplifying waste management for occupants. Parking is well-accommodated, with the building providing at least one assigned parking space per unit. Some units even come with the benefit of a second free parking space, a valuable asset in urban Miami. While the amenities at Coral Way Tower may not be as extensive as those found in newer luxury developments, they cover the essential needs of residents and provide comfortable living in a well-maintained, established community.

A historic enclave with urban convenience

Coral Way Tower Condominium is situated in The Roads, a charming residential pocket of Miami known for its unique street layout and rich history. This neighborhood, developed in the 1920s, was designed to be a pedestrian-friendly haven with native plants, a character it has maintained for over a century. The area offers a perfect balance of residential tranquility and urban accessibility. Within walking distance, residents can find Triangle Park, a slice of greenery featuring basketball courts, picnic tables, and a playground. For nature enthusiasts, the nearby Simpson Park provides nearly 8 acres of trails and endangered plants, offering a serene escape from city life. Shopping and dining options abound in the vicinity. Mary Brickell Village, about a mile and a half away, is an open-air destination with a range of retailers, restaurants, and a vibrant nightlife scene. For everyday needs, Fresco y Más grocery store is just a 15-minute walk from the condominium. Cultural attractions are also within easy reach. The American Museum of the Cuban Diaspora is in the area, offering insights into the Cuban-American experience. The historic Vizcaya Museum and Gardens, less than 2 miles away, provides a glimpse into Miami's opulent past with its stunning architecture and landscaped grounds. For families with children, the neighborhood is served by Coral Way K-8 Center, Miami-Dade County's only bilingual school, located just a 10-minute walk from the condominium. The school has received a 7 out of 10 rating from GreatSchools and a B grade from Niche, indicating solid educational opportunities. The Roads' central location means residents are never far from Miami's major attractions. Downtown Miami, Brickell, and Coconut Grove are all within a short drive, offering access to world-class dining, shopping, and entertainment options. This prime location allows Coral Way Tower residents to enjoy the best of both worlds - a quiet, established neighborhood with easy access to the excitement of Miami's urban core.

Well-connected with multiple transit options

Coral Way Tower Condominium benefits from its strategic location in terms of transportation options, making it easy for residents to navigate Miami and beyond. The area is well-served by public transit, with several bus stops within a short walking distance from the building. The nearest bus stop, SW 3 Av & SW 29 Rd, is less than a minute's walk from the condominium. This stop is served by multiple lines, including the City of Miami Trolley (Coral Way), the Midnight Owl, and the Northside - Mercy Hospital route, providing convenient access to various parts of the city. For those who prefer rail transit, the Vizcaya Metrorail station is about a 10-minute walk from the building. This station is on the Metrorail Green Line, offering quick connections to downtown Miami, Brickell, and other key areas of the city. The Brickell Metromover station, while a bit further at about a 25-minute walk, provides additional transit options for those working or spending time in the Brickell area. Cyclists will appreciate the bike-friendly nature of the neighborhood, with dedicated bike lanes and routes making it easy to navigate on two wheels. The area's flat terrain and grid layout are conducive to both recreational and commuter cycling. For those who prefer to drive, Coral Way Tower's location provides easy access to major roadways. Interstate 95 and U.S. Route 1 are both nearby, facilitating quick trips to other parts of Miami and beyond. The building's provision of at least one assigned parking space per unit, with some units having two spaces, is a significant convenience for car owners. When it comes to air travel, Miami International Airport is about a 25-minute drive away, while Fort Lauderdale/Hollywood International Airport can be reached in about 35 minutes by car. This proximity to two major airports is beneficial for frequent travelers or those hosting out-of-town guests. The combination of walkable streets, robust public transit options, and easy car access makes Coral Way Tower an excellent choice for those who value mobility and convenience in their urban living experience.

Building Details

Recreation

  • Community Pool

Amenities

  • Skyline Views
  • Rooftop Deck
  • Laundry Facilities
  • 24 Hour Access
  • Complex Is Fenced

Parking

  • 1 Car Garage
  • Secured Garage or Parking
  • 1 Garage Space Per Unit

Pet Policy

  • Pets Allowed

Condo Association

  • $758 Monthly HOA Fees
  • Monthly HOA Fees Range from $488 - $758
  • Coral Way Towers Condos
  • Coral Way Towers Condo Subdivision

Building Design

  • Clear Impact Glass
  • Mid-Rise Condominium
  • Elevator

Unit Information

Unit
8E
Date
06/17/2024
Beds
2 Beds
Baths
1 Bath
Sq Ft
904
Price
$340,000
Price / Sq Ft
$376 / Sq Ft

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
904
Est. Values
$295,771 - $357,533
2 Bedroom Units
Sq Ft Range
904 - 1,020
Est. Values
$328,473 - $433,347
3 Bedroom Units
Sq Ft Range
2,004
Est. Values
$708,533
All Units
Sq Ft Range
904 - 2,004
Est. Values
$295,771 - $708,533

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Very Bikeable

Bike Score®

80 / 100

Very Walkable

Walk Score®

77 / 100

Good Transit

Transit Score®

61 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

68 / 100

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Air Pollution®

N/A / 10

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Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$78K - $413K
Range of Taxes in Building
$319 - $7,380
Range of Taxes per Sq Ft
$0.35 - $5.45

Property Tax History

Source: Public Records
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.