| MLS# A11489075 61 Edgewater Dr , Coral Gables, Florida 33133

Overview

Status: Pending

The real estate term "pending contract" means that someone has made an offer on the property and the seller has accepted. Typically contingent on a home inspection to the buyers satisfaction and financing. There could also be a home sale contingency which means the seller has an escape clause typically if another buyer comes along.
Parking No info
Size: No info
Price Per: No info/No info
Type: Multi Family
Built: 1959
HOA: No info
MLS Number: A11489075
View No info
On Site: 165 days
Updated: 2 Days Ago
Page Views: 26

ONE OF A KIND BUILDING FOR SALE! Presenting a unique 2-story, 8-unit property situated in the esteemed city of Coral Gables, prominently located on the sought-after street of Edgewater Drive in PRIME LOCATION! Comprising four 1-bedroom/1-bathroom units & four 2-bedroom/2-bathroom units, this apartment building offers an outstanding development opportunity for any investor. Buildings like this don't come around often. Income in place while developing plans. Rents below market. Room for rent increase. This building enables an investor to acquire a stabilized, turn-key operation of a well-maintained apartment building in a high-barrier-to-entry Coral Gables Market. PLEASE DO NOT DISTURB TENANTS!

Price History

Date	Event	Price	Change Rate	Price Per
01/12/2024	Price Reduced	$3,400,000.00	2.9%	$502.07 ft²/$5,404.21 m²
12/20/2023	Price Reduced	$3,500,000.00	3.7%	$516.83 ft²/$5,563.16 m²
11/20/2023	Listed	$3,633,000.00		$536.47 ft²/$5,774.56 m²

Features

Property Details for 61 Edgewater Dr, Coral Gables, FL 33133

Multi Family current status is Pending, 61 Edgewater Dr is a Multi Family in , Coral Gables, FL 33133 with property MLS ID# A11489075. This Multi Family has been listed on Best of Luxury Realty since November 20, 2023 and is currently priced at 3,400,000. This property was built in 1959.

Bedrooms
Bedrooms: No info
Bedroom Description: No info

Bathrooms
Full Bathrooms:
Half Bathrooms: No info
Master Bathroom Description: No info

Exterior and Lot Features
Exterior Features: No info
View: No info

Interior, Heating and Cooling
Interior Features: No info
Appliances: No info
Heating Description: Window Unit, Wall Furnace
Cooling Description: No info

Building and Construction
Floor Description: No info
Windows/Treatment: No info
Construction Type: Apartment
Year Built: 1959

School Information
Elementary School: No info
Middle School: No info
High School: No info

Other Property Info
Community Name: No info
Subdivision Name: No info
Property Type: Multi Family
Property Subtype: Commercial Sale
Type of Association: Homeowners
Garage Spaces: No info
Listing Date: 11/20/2023
Area: 41
Brokered By: One Sotheby's International Realty
Legal Description: 29-32 54 41 SUNRISE HARBOUR REV PL PB 65-22 LOT 15 BLK 1 LOT SIZE 10000 SQUARE FEET OR 17596-3051 0497 1 COC 22180-4542 03 2004 1

Taxes, Fees & More
Maintenance/HOA Fees: No info
Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $24,212.00 (2023)
Type of building: No info
Occupancy Information: Tenant
Occupancy Percentage: No info
Property Type Description: No info
Parking Description: Assigned, On Street
Parking Spaces: No info
Number of Units: No info
Number of Floors: No info
Number of Stories: No info
Zoning Information: 3803
Total Acreage: No info
Acreage Description: No info

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Area Specialist

Buyer/Tenant Etiquette

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Tracey Schmitt

Real Estate Advisor

Office: (305) 407-1657

Email: tracey@bestofluxuryrealty.com

Specialties:

Luxury Oceanfront Communities, Waterfront Single Family Homes

Memberships:

Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild

This property is courtesy of the One Sotheby's International Realty. This listing has been viewed 26 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Special Markers:

*Just Listed: New properties that came on the market within the last 15 days.
*Decrease/Increase: Listing values that are being calculated based on recorded price changes.
*Foreclosures/Short Sale: Please note, all properties are subject to bank approval. Buyers must be pre-approved or show proof of funds before submitting an offer.