$815,000
SOLD APR 7, 2025
0.14 Acre
$5,863,309 Price per Acre
6,050 Sq Ft Lot

Recently Sold

$794 Per Sq Ft

16% Below List Price

114 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Cul-De-Sac
  • Coral Gables Senior High School Rated A-

About This Lot

As of April 2025

Prime real estate development OPPORTUNITY for investors or developers looking to build two luxury townhouses on a READY-TO-DEVELOP LOT. The property INCLUDES APPROVED PLANS AND PAID PERMITS, offering a hassle-free investment with a clear path to construction. Each townhouse includes 3 Bedrooms + Den (optional 4th bedroom), 3.5 Bathrooms, Pool, Living Area: 2,611 sq. ft. per unit, non-AC area: 524 sq. ft. per unit, Total Project Information: Total Living Area (both units): 5,222 sq. ft. total non-AC Area: 1,048 sq. ft. Lot Size: 6,050 sq. ft. Zoning details and approved permits are available in the MLS attachments. This is a rare opportunity to develop in a sought-after location with all permits in place!

Last Agent to Sell the Property

Jose Sosa

Compass Florida, LLC License #3074239

Compass Florida, LLC

Last Buyer's Agent

Gloria Coy

Realty One Group Evolution License #3162638

Realty One Group Evolution

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,444

Year Built

  • 1952

Lot Details

  • 6,050 Sq Ft Lot
  • Lot Dimensions are 55x110
  • Cul-De-Sac
  • West Facing Home
  • Corner Lot
  • Property is zoned 5700

Location

  • City Lot

Community Details

  • No Home Owners Association
  • South Bay Estates Condos
  • South Bay Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-16-023-0860

Property Details

Property Type

Land

Est. Annual Taxes

$10,444

Year Built

1952

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Horses: No
  • Lot Size Acres: 0.139
  • Lot Size: 55x110
  • New Construction: No
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Structure Type: Residential
  • Subdivision Name: SOUTH BAY ESTATES
  • Special Features: VirtualTour
  • Year Built: 1952

Interior Features

  • Possible Use: Investment

Exterior Features

  • Direction Faces: West
  • Lot Features: City Location, Corner Location, Cul-De-Sac Location, Near School, Less Than 1/4 Acre Lot, Other, Sidewalk, Street Lights
  • Other Structures: None
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: SOUTH BAY ESTATES

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-16-023-0860
  • Additional Parcels: No
  • Current Use: Zoned Duplex, Check Land Use Plan
  • Development Status: Other
  • Lot Size Sq Ft: 6050
  • Zoning: 5700
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10444

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 Sold $815,000 -16.4% $794 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
12/04/2024 12/04/24 For Sale $975,000 +74.7% $950 / Sq Ft
02/28/2022 02/28/22 Sold $558,000 -0.4% $603 / Sq Ft
12/27/2021 12/27/21 For Sale $560,000 -- $605 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,714 $499,478 -- --
2023 $9,714 $454,071 $369,080 $84,991
2022 $7,326 $329,853 $0 $0
2021 $6,751 $299,867 $248,062 $51,805
2020 $6,382 $281,802 $229,985 $51,817
2019 $6,149 $275,788 $223,959 $51,829
2018 $5,653 $269,774 $217,933 $51,841
2017 $5,063 $221,078 $0 $0
2016 $4,927 $208,329 $0 $0
2015 $874 $85,074 $0 $0
2014 $874 $84,399 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $17,636 FHA
Previous Owner $255,290 FHA
Previous Owner $165,000 New Conventional
Previous Owner $34,000 New Conventional
Previous Owner $146,250 New Conventional
Previous Owner $28,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $558,000 Perland Title
Warranty Deed $260,000 Attorney
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11704213

MIAMI REALTORS® MLS

APN: 01-4116-023-0860